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Bank of America joins Stanford’s Global Climate & Energy Project

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Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. Bank of America can help move GCEP technologies to commercialization.

Climate 218
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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. A focused work program on long-term finance was agreed will contribute to the.

Climate 294
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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

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Zipcar now has more than 760,000 members (“Zipsters”), with a market-leading presence in 20 major metropolitan areas in the United States, Canada and Europe, and fleet positioned at more than 300 college and university campuses. Morgan Stanley is acting as financial advisor, and Latham & Watkins LLP is acting as legal counsel, to Zipcar.

Companies 218
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Smith School report recommends individual governments take more national and bi-lateral actions to curb greenhouse gas emissions

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The Smith School of Enterprise and the Environment at the University of Oxford recently published a report recommending that individual governments take more action to curb their own greenhouse gas emissions and put pressure on other governments to do the same. International climate negotiations can only go so far.

Emissions 210
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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However, current cash is anticipated to be sufficient for expected operations during the Chapter 11 proceeding, and therefore the Company is not expected to require third-party debtor-in-possession financing. million in outstanding 3% Convertible Senior Notes due 2013. joint venture.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

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Among their initial findings: PEV buyers universally report lower satisfaction with the dealer purchase experience than buyers of conventional vehicles. These expose dealers to legal liability for misstatements or for communicating misleading information to customers. Other incentive-related uncertainties abound.

Davis 290
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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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