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Scientists and Engineers are upset

If you read this site often, you will know that I am an engineer by training (even though I don’t currently practice). I tend to respect this profession a great deal as being fairly straight-forward and hard working. As a group, they also tend to be a pretty smart bunch.

One of the major trade rags in engineering is C&EN (Chemical and Engineering News). It is edited by Mr. Rudy Baum. If you aren’t in that trade, you would probably never pick up an issue so you may not be familiar with it. I haven’t read the publication in a long time but was recently made aware of a bit of controversy by Climate Depot. While the readers of C&EN are likely not climatologists, the science of CO2 and its affect on the atmosphere is very steeped in chemistry which their target market knows a bit about.

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How green is General Electric’s (GE) green business?

BloggingStocks – September 14, 2007

No one should be surprised at this. Evidently GE is getting push-back from its customers and its shareholders on the company’s "green" efforts. GE is one of the oldest corporations around and has a wide assortment of businesses. Some of these businesses thrive off the use and production of electricity, so some customers are not too keen on GE condemning the way electricity is used and produced.

In addition, this ecological effort undoubtedly has extra costs or lower margins than a more traditional approach. This then reduces the profitability of GE which impacts its shareholders. In this current business environment, companies need to be very concerned about upsetting their shareholders!

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Duke to press for emissions cap

Charlotte Business Journal – January 19, 2007

This article discusses what several companies are doing to “get green”. The big question here is if they are doing this because they believe in global warming or are they doing this because they think it is good for business.

Duke Energy Corp. is seeking a federal cap on carbon-dioxide emissions at the same time the company is pushing for state approval to build two coal plants at its Cliffside facility in North Carolina.

Ten major companies, including Charlotte-based Duke (NYSE:DUK), are partnering with environmental groups to call for a nationwide limit on carbon-dioxide emissions that would lead to reductions of 10 to 30 percent over the next 15 years, according to The New York Times.

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