Climate Official Resigns, Blasting White House Influence

by Brian Stempeck and Andrew Freedman A top climate official announced plans to resign his federal post next week, blasting the Bush administration’s global warming research plan and raising concern about the potential for politics to influence federal findings. Rick Piltz, senior associate with the Climate Change Science Program, said he would resign at the end of next week after 10 years at CCSP and the U.S. Global Change Research Program, the agencies responsible for federal climate research. Piltz expressed frustration with what he sees as the intrusion of politics into the scientific arena and a questionable scientific review process overseen by top White House officials. “I resigned because of a number of differences with the Bush administration’s approach to climate change and climate science over the past four years,” Piltz wrote in an e-mail to Greenwire this morning. “There is a problem with the process that has been established for final review and revision of these reports and clearance for publication,” he continued, noting that lead scientists on climate studies are not given the power to approve their final reports. “The final review and clearance would be done inside the administration, through a process that was seen as potentially […]

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Las Vegas to Build 3.1 MW Solar Energy Project

Powerlight Corporation has received the go-ahead for a 3.1 megawatt solar power project in Las Vegas, to be one of the largest solar electric systems in the world. The Las Vegas Valley Water District and Nevada Power Company jointly announced the regulatory approval for PowerLight to proceed. The project is expected to be operational in 2005. “The Water District’s project is especially significant because it generates electricity at the site of energy consumption. Distributed Generation helps reduce electric line losses, reduces transmission constraints and improves system security,” said former Assemblyman Jason Geddes, sponsor of AB 296. “Distributed Generation is the future of the electric grid.” The project consists of consists of four solar electric systems at the Water District’s Las Vegas Springs Preserve, and three systems located at reservoir sites within the water distribution system. At the Las Vegas Springs Preserve, the technology and installation will be an intrinsic element of the visitor’s experience. Website: [sorry this link is no longer available]     

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Chicago Mercantile Exchange To Launch Ethanol Futures

Chicago Mercantile Exchange, the largest U.S. futures exchange, announced its plans to list ethanol futures contracts, the exchange’s first-ever electronic energy contract. The futures are scheduled to begin trading on March 29, 2005, and will trade on the CME Globex electronic platform. Sempra Commodities, one of North America’s largest full-service energy trading companies, will serve as the market maker. “As a result of the Clean Air Act, the ethanol industry has boomed over the past few years. In 2004, U.S. ethanol facilities set new production records and consumers used more than three billion gallons of ethanol in their cars,” said John Harangody, Director, CME Commodity Products. “The launch of CME Ethanol futures, the first electronically traded ethanol contract, will provide the industry with a superior risk management tool, create trading opportunities for those looking to capitalize on the constant fluctuations in this market and potentially attract new customers to our markets.” “We are pleased to have this opportunity to work with one of the world’s most innovative and dynamic financial exchanges,” said John Brooks, Vice President, Bio Fuels, Marketing and Trading, Sempra Commodities. “This contract offers price transparency, the execution speed of electronic trading and a level playing field for […]

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WorldWater & Power Corp. Signs $1.8 Million Contract

WorldWater & Power Corporation (OTC BB:WWAT.OB), a manufacturer of solar water pumping systems, has signed a $1.8 million contract to supply solar-generated electricity for a tree farm in California. Worldwater’s proprietary solar AquaMax(TM) will drive a 200 hp water pump, saving an estimated 70% of the Cocopah tree farm’s electrical bills, according to Quentin T. Kelly, WorldWater’s Chairman and CEO. The company recently completed another AquaMax(TM) system driving a 200 hp pump for Seley Ranches, a citrus farm in California. It also supplied all the solar equipment for a one megawatt solar installation at Cerro Coso College in Ridgecrest, CA, which the college estimates will supply 60% of its electricity and save the college over $300,000 a year. WorldWater also recently signed a contract with the Idyllwild (CA) Water District to operate seven of the utility’s pumps by use of the AquaMax(TM) system. Engineering work has begun on that Project. Website: [sorry this link is no longer available]     

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Timberland Announces Two-for-One Stock Split

The Timberland Company (NYSE: TBL) today announced that its Board of Directors approved a 2-for-1 split of its Class A and Class B Common Stock. The additional shares will be distributed on May 2, 2005, to shareholders of record on April 14, 2005. In addition, the Board of Directors approved the retirement of 10.0 million Class A Treasury shares. The Company had approximately 28.0 million shares of Class A Common Stock and 5.9 million shares of Class B Common Stock issued and outstanding as of February 28, 2005. The Board also approved a 100% increase in shares remaining under its previously announced repurchase program as of the April 14, 2005 record date to reflect the impact of the stock split. The increase will be effective immediately after the May 2, 2005 distribution date. As of February 28, 2005, the Company had approximately 2.0 million shares remaining, pre-split, under its current share repurchase authorization. Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories.

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