The Business Day In Global Warming (KSS, MAG, FPL, BZH, PRRY, CPNLQ, DELL, ING)

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By Douglas A. McIntyre Updated Published
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Kohl’s Department Stores (NYSE:KSS) is activating a solar rollout to its 63 California locations.

Magnetek, Inc. (NYSE:MAG) has received orders from United Technologies (NYSE:UTX) for PCS-2C and -2D fuel cell power inverters totaling 2.4 megawatts in a contract valued at approximately $1.3 million scheduled for delivery over the coming 8 months.

FPL Group, Inc. (NYSE:FPL), the Florida Power & Lighting parent, announced today a $2.4 billion investment program aimed at increasing U.S. solar thermal energy output and reducing carbon dioxide emissions that contribute to global warming: up to $1.5 billion in new solar thermal generating facilities; Investment of up to $500 million by FPL to create a smart network that will provide its 4.5 million customers with enhanced energy management capabilities; and a new consumer education program and new products that could increase renewable energy resources by at least $400 million over the first five years of the program.

Beazer Homes (NYSE:BZH) becomes a principal sponsor for Georgia Tech Solar Decathlon 2007.  For some reason, it seems they’ll still have bad home sales.

Planet Resource Recovery, Inc. (PINK SHEETS: PRRY) announced today that it has delivered its first shipment of PetroLuxus™ 600 for the treatment of biodiesel that will streamline the production of biodiesel in a cost-effective and time-efficient manner.

Calpine Corporation (Pink Sheets: CPNLQ) received final approval today from the California Energy Commission (CEC) to construct the 600-megawatt Russell City Energy Center in Hayward, Calif.

Dell (NASDAQ:DELL) today said it will become the first computer maker to neutralize its greenhouse gas emissions. CEO Michael Dell announced a series of measures to shrink the company’s carbon footprint and offset  its greenhouse gas emissions in 2008.

ING (NYSE:ING) announced today the next phase of its worldwide sustainability commitment by agreeing to
purchase clean, emission-free wind energy credits for its U.S. operations.

Jon C. Ogg
September 26, 2007

As a reminder, whether you prefer the term "Global Warming" or"Climate Change" is not the issue as far as 24/7 Wall St. covers it.Green business has become big business, and this affects many publiccompanies today.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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