Word: schrepel
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When Dawn Schrepel, an environmental and energy consultant in Washington, wanted to thank her 10 interns for a job well done, she bought each of them an unusual gift--a ton of carbon dioxide. "They were pretty surprised," she says, laughing. "And it took a little explanation." Schrepel, 33, bought the carbon dioxide not in giant tanks but on paper, through Natsource, an energy brokerage based in New York City...
Natsource arranged for Schrepel to pay a retail price of $17 a ton for carbon dioxide that is part of the natural chemistry of a 1,200-acre patch of Illinois grassland in a nature preserve. In return for part of that payment, the land's owner agreed not to burn, pave over or otherwise release that carbon dioxide. Schrepel wryly explained to her interns that buying the credits would help offset the carbon dioxide they emitted by, among other things, breathing...
...Schrepel's gift is but a tiny part of a global greenhouse-gas trading industry that is growing rapidly. Between 1996 and 2002, about $500 million worth of carbon dioxide was traded among companies in the U.S. and Europe. The World Bank's Prototype Carbon Fund, which helps countries preserve forest and reduce CO2 emissions, says the number of greenhouse-gas trades and the volume of gas affected will double this year. Experts predict that the right to emit a ton of carbon dioxide, which costs between $3.50 and $6 if purchased in bulk today, will cost between...
...members of the Legislature, Representatives George W. Plummer and Chris F. Schrepel, were sponsors of a bill declaring that any beverage containing more than one-half of one percent of alcohol was "intoxicating" in Kansas. The Plummer-Schrepel bill passed the House, then passed the Senate and went to conference because of a Senate amendment. That amendment specifically classed malt beverages containing not more than 3.2% of alcohol as non-intoxicating. Last week the bill thus amended came again before the House, still bearing the names of Messrs. Plummer & Schrepel...
...House voted, 75 to 36, to make the Plummer-Schrepel 3.2% beer bill the new prohibition law of Kansas. Democratic Governor Walter A. Huxman had already announced that he would sign any prohibition bill providing a reasonable definition of "intoxicating" beverages. Thus, last week, a squiggle of his pen made two Drys the unwilling fathers of legal beer in Kansas...
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