article thumbnail

Algenol closes on additional $25M internal equity financing

Green Car Congress

Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process. BioFields’ most recent investment builds atop previous commitments to Algenol that began in 2007. This new investment follows a previous investment of $40 million from BioFields in 2014.

Financing 150
article thumbnail

European Court of Auditors finds 2/3 of EU-funded transportation projects underutilized

Green Car Congress

A report published by the European Court of Auditors (ECA)—the official institution that audits EU finances— found that two-thirds of urban transport projects co-financed by EU structural funds are underutilized. The auditors also physically visited the co-financed facilities, and the operating and maintenance centres.

article thumbnail

Bombardier Recreational Products and Government of Canada funding C$11.3M project to develop plug-in hybrid Can-Am Spyder roadster with target of 50% reduction in fuel consumption

Green Car Congress

Launched in 2007, the Can-Am Spyder roadster features a distinctive Y-architecture and is he only mass-production, on-road vehicle that is entirely designed and manufactured in Canada. The CTA currently employs more than 70 researchers and students, and expects to become self-financing as of 2011.

Canada 240
article thumbnail

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

million tonnes emitted in 2007. Eesti Energia started its international oil shale activities in 2006, and has oil shale operations in Jordan and the United States. However, the National Development Plan for Oil Shale Use for 2008-15 calls for reducing annual extraction while preserving the country’s strong energy security.

Estonia 236
article thumbnail

Ford developing a strategy to address urban personal mobility globally; a mobility company, not just an auto company

Green Car Congress

Initially launched for France, MOBILIZ is based on three main components: real-life mobility service solutions; the creation of an investment company to finance mobility projects; and a partnership with the “Enterprise and Poverty” Chair at HEC Paris. Ford hosted Green Car Congress at the Go Further with Ford event.].

Personal 331
article thumbnail

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

This article discusses: (a) why the focus should have been on the transfer of proven renewable energy technology from developed to developing countries; and (b) how this technology transfer can be financed with currently available funds. But starting to raise immediate finance is more important than determining its exact future size.

article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236