Breaking Wind – Quick hits from the industry for November 13, 2010

Items of interest:

1-Remember this from Russia’s soon to be (again) leader?  Putin: “Nuclear energy only alternative to oil, gas.” Rejects other alternative energy approaches as “claptrap.” That doesn’t mean they’re not willing to build and sell the “claptrap” to you if you insist.

Russia plans to build wind farms in Europe, Turkey – Reuters

2-OUCH!In accordance with our long term investment management style, we would prefer to remain invested in an alternative energy company such as Gamesa,” said John Harrington, President and CEO of Harrington Investments. “However, we have a fiduciary duty to our clients to screen companies that not only show a strong commitment to their communities, but also invest in companies that respond to shareholder concerns, both of which Gamesa failed to do.”

Harrington and Everest Divest From Wind Turbine Manufacturer Gamesa – News Blaze

3-“The U.S. Army Corps of Engineers is finalizing new rules allowing the destruction of wetlands and streams and ocean floor to accommodate renewable power facilities, according to a document posted today by Public Employees for Environmental Responsibility (PEER).”  (h/t Allegheny Highlands Alliance)


For additional information on this important topic:

See the Corps draft new Nationwide Permits

Look at continuing loss of wetlands due to regulatory failure

Review environmental controversy surrounding Cape Wind

4-Surprise! Surprise! … no reply from the Chancellor to this letter:

University of Maryland must insist wind developer partner will protect endangered species.

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