News Story
Ignatieff vows clean tech investment
By Ottawa Business Journal Staff
Tue, Oct 13, 2009 4:00 PM EST
A Liberal government, if elected, would make Canada's clean technology sector a high priority through a series of fiscal and tax incentives, according to party leader Michael Ignatieff in comments made on Tuesday afternoon.
Speaking in Vancouver to that city's Board of Trade, Mr. Ignatieff said that supporting green energy and other clean-tech initiatives is imperative as the world emerges from the worst recession in decades. "Not getting into the game now is like taking a pass on the Internet back in 1995, and investing in transistor radios," he said.
"The jobs of tomorrow are being created elsewhere as we speak. Either we act now, or we spend the next decade wishing we had."
He said the Liberal platform would encourage renewable power projects through a range of incentives, also promising investment in energy infrastructure through the use of technology such as so-called "smart" electricity grids.
He said that as European nations and the U.S. beef up their clean technology programs – Denmark and Spain, he said, get as much as 20 per cent of their total power from wind energy – Canada is slipping behind, adding that the Conservative government is cancelling Canada's ecoENERGY program, which provides retrofit initiatives to consumers and businesses, among other incentives.
ll Throttle For Green Energy Conversion: SNEN, ENER - sourced PicksThatMove.com
Sinoenergy Corporation, Energy Conversion Devices, Inc.
Calgary, AB 10/12/2009 07:35 PM GMT (TransWorldNews)
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Full Throttle For Green Energy Conversion: SNEN, ENER
The hot stock information of the day includes: SNEN, ENER
Sinoenergy Corporation (NASDAQ:SNEN) surged 42.36% up to $1.82 on news the company will become private and merge with Skywide Capital Management Limited. Sinoenergy will now conduct business as Skywide; and shareholders of Sinoenergy will receive $1.90 per share. Based in Beijing, China, Sinoenergy manufactures customized pressure containers, builds compressed natural gas facilities and provides installation and logistics support. The company also manufactures natural gas fuel conversion kits for the automobile industry.
Energy Conversion Devices, Inc. (NASDAQ:ENER) gained 15.98% up to $12.63 with 9,470,557 shares trading on no news; however last week the company announced winning tender to supply its UNI-SOLAR photovoltaic (PV) laminates for installation on eight rooftops in Spain to deliver 4.8-megawatts of solar power. Headquartered in Rochester Hills, Michigan, lEnergy Conversions Devices designs, manufactures and sells photovoltaic (PV) cells and modules, offering solar technology and manufacturing solutions to a global market. The company has business activities in two segments: United Solar Ovonic converts solar energy into electricity from rooftops and integrated building structures, and sells to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators; the second segment discovers designs, develops, and licenses materials and products spawned by the company’s proprietary technology.
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