Word: bre
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...mature tree. With volatile oil prices and environmental concerns boosting interest in wood energy on both sides of the Atlantic, Strickland saw an opportunity. "We're the closest supplier to Europe and the U.S.," Strickland says. Back in Toronto, his hedge fund formed a company, Buchanan Renewable Energies (BRE), and readied an IPO. (See pictures of oil in Canada...
Enter fellow Canadian, John McCall MacBain, a self-made billionaire who founded the Auto Trader classified-advertising empire, but in 2006 sold it and set up a foundation to promote health and the environment in the developing world. In April 2008, McCall MacBain bought 90% of BRE's stock. Strickland invested $1 million of his own money, and quit the hedge fund to become BRE's president...
...company also began signing partnerships with Liberia's tens of thousands of small rubber farmers. Under the deals, BRE builds roads and bridges to the plantations, removes old rubber trees and pays the farmers for them, smooths the land, replants it with new saplings grown at a BRE nursery and even plants cash crops like beans and peanuts between the rows. These crops give the farmer an income for the five to seven years until the rubber trees start producing latex. The rubber farmers have to do or pay nothing. BRE even trains and employs up to 1,000 people...
...miles (600 km) of dirt road, leveled thousands of acres of rubber, identified 600,000 (250,000 hectares) more, and won a $112-million loan from the U.S. government-funded Overseas Private Investment Corporation to build the power station. In Buchanan, they're helping to revive a town. BRE pays wages of up to $600 a month for a heavy plant operator and Baines reckons the number of shops in Buchanan has doubled since BRE arrived. Buchanan suddenly has a third-division soccer team, in which Baines plays striker. "It's moving so quickly," says Nelson Hill, 39, BRE...
...Institute for Islamic Thought (IIIT). But because he believed Kromberg's subpoena violated his plea agreement, al-Arian refused to cooperate. Last year, as a result, he was indicted for criminal contempt. All the while, despite his controversial history, his case has become a cause célèbre among civil rights activists, and he has staged at least two hunger strikes...