May 18, 2009

Weekly News Roundup

Interesting news last week was the introduction of the House of Representatives 2454 bill - the American Clean Energy and Security Act, by Waxman and Markey. This is the bill where the controversial cap-and-trade program is being proposed. Several news reports indicate that several environmental groups are not satisfied by this bill, and energy-intensive industries of course, are not happy either.

The bill is expected to be voted on this week before Memorial Day weekend starts. We'll see how it will goes. For now, here are last week's news roundup:

Michigan's electric vehicle plant
Ford invests $550 million to transform Michigan Assembly Plant (formerly Michigan Truck Plant) from a large SUV factory into a modern, flexible small car plant. Production for the North American market of the new global Ford Focus begins next year followed by production in 2011 of a battery-electric Focus.

Engineering waste reduction
Water engineering and services company Ecosphere signed a deal with Science Applications International Corporation (SAIC) to jointly market Ecosphere's technology to the oil & gas industry where it can treat and recycle their wastewater, reduce completion costs, reduce CO2 and methane emissions, and preserve vital water resources.

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