February 19, 2009
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Environment Management Newsletter February 19, 2009 |
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| This Week´s Featured News Stories |
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Obama`s stimulus bill green lights green spending
US President Barack Obama signed the US $787bn (GBP 551bn) economic stimulus package in Denver, Colorado with proponents of green business celebrating that a tenth of the money is directly targeted at environmental initiatives. Echoing the sentiments of many environmentalists, Joseph Romm, a senior fellow at the Center for American Progress and acting assistant secretary of energy for energy efficiency and renewable energy during the Clinton Administration, hailed the bill as a landmark in America`s transition to a lower carbon economy. `Years from now, long after the economy has recovered, this ... |
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Many environmental markets will grow despite the recession
Air and water pollution control companies have been reporting record profits. While they won`t be setting records in 2009 and 2010, they will be balancing lost sales in some markets with growth in others. This is the conclusion of the McIlvaine Company based on its continual forecasting of individual markets by product, industry and country. One of the biggest revenue generators will continue to be the power plant scrubber market. Worldwide orders will drop from US$11 billion in 2008 to US$8 billion in 2009 and US$7 billion in 2010. However, revenue for suppliers will reflect the large ... |
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