Word: coal
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...have approached several European media companies for investment, and found little interest. That leaves Libération journalists contemplating their futures. Vincendon has spent 22 of her 46 years at the paper. "We are still asking ourselves the question: 'Is this really going to disappear? Are we working for coal mines?'" We will soon know...
...outdoors (he's a past president of the National Gardening Association), Robinson eschews the index-like mentality of many green funds and opts for small, fast-growing companies that are "green or clean." One such holding is Fuel Tech, which supplies pollution control and cleaning equipment to those nasty coal-fired power plants. Robinson also maintains stakes in the healthy-living sector, owning companies like Whole Foods Market and even the controversial HerbaLife, a maker of nutrition and weight-loss products. He's not averse to financial, biotech or telecom stocks either, stretching the notion of eco-friendly. Last year...
...Dropping sanctions, of course, is the last thing anyone has in mind right now. Japan has already implemented some new ones of its own, cutting all imports from North Korea (mushrooms, coal and shellfish) and prohibiting North Korean vessels from docking at its ports. Although the U.S. has no trade or similar ties with North Korea, it could also use its dominant role in the international banking system to tighten the squeeze on North Korean funds imposed by the financial sanctions adopted a year ago. But the appetite of others to follow suit appears to be limited...
Utility investors, including the powerful California and New York public employee-retirement funds, are pressing TXU, whose stock is up about 20% this year, about its aggressive coal strategies. In a letter last May, the two retirement funds, which manage $400 billion in assets, expressed worries about the company "exposing itself to unprecedented compliance costs" should it be forced to retrofit its new coal-fired plants for possible greenhouse-gas limits...
...company propose conventional coal plants on the scale of TXU is pretty disturbing for shareholders," says Dan Bakal, director of Electric Power Programs at Ceres, a coalition of investors, environmentalists and public-interest groups. Miner-tough Mike McCall is having none of that argument. Asked if he's worried about the increasingly coal-fired environment his son, a high school freshman, will grow up in, he answers quickly, "No, because we are reducing emissions too. That's the beauty of what we're doing." The coal debate, it seems, is just getting fired...