Sen­tinels of the fu­ture

The Weekend Australian - Review - - In­vest­ments -

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.

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