Thank you for posting this. I'm compiling resources for a book and this is right up my alley. I've tracked a small group of environazis that use class action lawsuits to fund their movement.
Back Door to KYOTO =August 16, 2004 09:40 AM US Eastern Timezone
FuelCell Energy Donates Emissions Credits From Operation of Its Ultra-Clean Direct FuelCell Power Plants
DANBURY, Conn.--(BUSINESS WIRE)--Aug. 16, 2004--FuelCell Energy, Inc. (NasdaqNM:FCEL) is donating emissions credits equivalent to 1700 Pounds of nitrogen oxide (NOx) reductions and 4800 pounds of sulfur oxides (SOx) and other emissions reductions that resulted from 1170 megawatt hours of Direct FuelCell(R) (DFC(R)) power generated at the company's Danbury and Torrington, Conn. locations. The donation is to Leonardo Academy Inc.'s, Cleaner and Greener(sm) program.
Emissions reductions or offsets are created from actions such as utilizing fuel cells, installing more advanced pollution control technology, switching to cleaner fuels, improving energy efficiency, and increasing renewable energy use. Emissions trading occurs when an entity takes an emissions reducing action and then transfers ownership of the emission reduction to another party. Alternatively, organizations can offset the pollution caused by their energy use by buying and retiring the emission reduction credits created by someone else. It is expected that emissions trading programs will foster the development of cleaner power generation technologies such as fuel cells.
The donation offsets emissions associated with the Energy 2004 Workshop and Exposition, which is sponsored by the U.S. Department of Energy and co-sponsored by the U.S. Department of Defense and U.S. General Services Administration, and was held August 8-11, 2004 in Rochester, New York. Emissions associated with the conference include pollution from direct energy use during the event as well as indirect pollution related to such items as airline travel for the more than 1300 attendees. The emissions donation made the event Cleaner and Greener certified.
"The use of emissions credits from the operation of our ultra-clean DFC power plants is another example of how fuel cell power plants are ready today to help our environment and provide economic benefits to users of such a clean energy technology," said Herb Nock, Senior Vice President of Marketing and Sales for FuelCell Energy. "The ability to trade emissions credits from an investment in ultra-clean technology can provide a powerful incentive to site fuel cell power plants as a means for utilities or energy using entities to comply with air quality standards."
"For the first time, our energy workshop has offset all of its emissions, and fuel cells have made that possible," said Energy 2004 workshop executive Ab Ream from the U.S. Department of Energy's Federal Energy Management Program, in his remarks to the conference. "This is a good example of what we can do to improve our environment and still have the power we need by the use of ultra-clean power."
About Direct FuelCells
Direct FuelCells efficiently generate clean electricity at distributed customer locations, including hospitals, schools, universities, hotels and other commercial and industrial facilities, as well as in grid-support applications for utility customers. Direct FuelCells operate similar to large, continuously operating batteries except they utilize a fuel to generate electricity, such as natural gas or digester gas from wastewater treatment facilities. DFC power plants are hydrogen generators, and because of this are ready today and do not require the creation of a hydrogen infrastructure. This high-efficiency technology generates more electric power from less fuel and with less carbon dioxide emissions than traditional combustion methods. The sub-megawatt fuel cell power plant is a collaborative effort using Direct FuelCell(R) technology of FuelCell Energy and the Hot Module(R) balance of plant design of MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler.
About Leonardo Academy and the Cleaner and Greener Program
Leonardo Academy is a charitable non-profit organization dedicated to environmental improvement, increased energy savings, renewable energy and other emission reduction actions. The Cleaner and Greener Program uses market-based approaches to reduce pollution and increase energy efficiency and renewable energy. This program empowers people with information on energy and the environment, and encourages businesses and consumers to lead the way to a cleaner environment. Visit the Cleaner and Greener(sm) web site at www.cleanerandgreener.org.
About Energy 2004
Energy 2004 is the seventh annual national energy management workshop and exposition. Attendees include federal, state, local and private sector energy managers, procurement officials, engineers and architects, energy service companies, transportation officials, utilities, and others involved in energy management around the country. Attendees learn about the latest cost-effective energy-saving, renewable energy and water efficiency products and equipment. By applying the products, equipment and services demonstrated at Energy 2004, companies can improve the comfort, security, productivity and reliability of their facilities and employees. In formation is available at www.energy2004.ee.doe.gov.
About FuelCell Energy, Inc.
FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the development and manufacture of high temperature hydrogen fuel cells for clean electric power generation. The Company has developed commercial distribution alliances for its carbonate Direct FuelCell products with MTU CFC Solutions in Europe; Marubeni Corporation in Asia; Enbridge Inc. in Canada; Caterpillar, PPL Energy Plus, Chevron Energy Solutions, Alliance Power and LOGANEnergy in the U.S. FuelCell Energy developed its patented Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy's National Energy Technology Laboratory.
FuelCell Energy is also developing next generation high temperature fuel cell products, such as a diesel fueled marine Ship Service Fuel Cell, a combined-cycle DFC/Turbine(R) power plant and solid oxide fuel cells for applications up to 100 kilowatts. More information is available at www.fuelcellenergy.com.
This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its fuel cell technology. All forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
European nations sign up to emissions trading
Thursday 12 August 2004
Nine European countries have this week signed up to comply with the UKs emissions trading registry software (GRETA), in time for the 2005 introduction of the Kyoto Protocol-based scheme. Denmark, Finland, Italy, Netherlands, Sweden, Slovenia, Lithuania, Ireland (EU members), and Norway have agreed a Memorandum of Understanding with Defra on long term greenhouse gas registry cooperation.
Sweden, the Netherlands, Denmark and Norway are the first countries to formally sign a software licence this week - they will be followed by other countries later this month. The EU Emissions Trading Scheme (EU ETS) is mandatory for specified industrial installations in the EU by 2005, with trading under the Kyoto Protocol set to begin in 2008.
Environment Minister Elliot Morley welcomed the agreements, commenting; "The experience gained from developing the software for our scheme has put the UK in a good position to take the lead in developing the EU and UN emissions trading registries.
"We are very pleased with the signing of the agreement and are looking forward to the future cooperation with Defra, the other members of the coalition and future signatories of the agreement. The Swedish Energy Agency also hopes that more countries will follow and sign the agreement, as a large number of countries will help the process of improving the system," added General Director of the Swedish Energy Agency, Thomas Korsfeldt.