Sentinels of the future
company and is reportedly working on arranging finance for a large solar project in India.
Merrill Lynch says it wants to be the leading global investment bank in the business of financing what it calls environmental risk management’’. It plans to be heavily involved in geothermal, solar and biomass energy, along with clean coal technology and energy efficiency projects. This is just the beginning. Emissions trading is due to begin in Australia by 2012, an innovation that seems likely to change the way the investment community looks at the energy sector.
Eventually, being on board the sustainable investment train is going to be a must for any company that wants investor approval.
Wal- Mart, the world’s biggest retailer, has recently been outlining its march to environmental sustainability, three years after setting itself the goal to use 100 per cent renewable energy, create zero waste, and sell environmentally sustainable products.
A spokeswoman for the Arkansas- based company said Wal- Mart had improved the fuel mileage of its trucking fleet and was working on better energy efficiency in its shopping marts.
Even its fried chicken counter is in on the act, according to a report by Oregon Public Broadcasting. The chain store takes its used vegetable oil after the chicken is cooked and combines that with used motor oil from its lube bays and the resulting product is burned in store heating furnaces.