“An emotional, social, economic reset”
“This economic crisis doesn’t represent a cycle. It represents a reset,” Jeff Immelt, the CEO of General Electric, said today. “It’s an emotional, social, economic reset.” And the biggest impact of...
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The climate change plan we need?
Climate change is “perhaps the most comprehensive challenge that mankind has ever faced,” declared David Crane, the CEO of NRG Energy, as a group of 26 big companies and five big environmental groups...
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Climate Change Schizophrenia
I’ve been a fan of Slate since the Microsoft/Michael Kinsley days and more recently I’ve been enjoying The Big Money, Slate’s business and economics site, featuring the amazingly prolific Dan Gross....
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The U.S. Chamber’s climate blunders
So now America’s biggest business lobby and late-night comic David Letterman have something in common: They have really, really embarrassed themselves. Of course, there are significant differences...
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FPL’s climate change of heart
Several years ago, Lew Hay, the dynamic chairman and CEO of FPL Group, which is the nation’s leading provider of renewable energy ($16 billion in 2008 revenues), gave an impassioned speech at a Goldman...
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Fred Krupp: Seemingly indestructible
Fred Krupp is like a Timex watch. He takes a licking but keeps on ticking. Those of you old enough to remember the commercials when Timex tortured its seemingly indestructible watches, using high...
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NRG’s David Crane: straight talk about energy
Washington may be stuck in neutral–or worse–when it comes to climate policy, but NRG Energy and its chief executive, David Crane, are aggressively pushing clean energy. NRG Energy is investing in...
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The future of electricity? More of the same…
In the slow-moving, capital-intensive, heavily-regulated electric utility industry, the times they aren’t a-changin.’ Natural gas is the cheap fossil fuel of choice. Coal will be burned for as long as...
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GE’s Mark Vachon: “Gas is massive”
Mark Vachon How’s GE’s ecomagination going? I put that question today to Mark Vachon, who is vice president for ecomagination at GE. He replied by talking about natural gas. “The large macro trend of...
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Patagonia’s CEO, marching for climate action
Recently, I had lunch with Mary Wenzel, a senior vice president at Wells Fargo who directs the bank’s environmental projects. The bank’s efforts are laudable–it intends to provide $30 billion of...
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