Counting the Cost of Crude
Crude oil prices are already at record highs and are expected to hit $200 a barrel by early 2009—if not before.
Analysts also suggest that oil prices are unlikely to fall below $100 for the foreseeable future. How will such
increases transform supply chain strategies?
Green Bank Act of 2009 Introduced in Congress
Congressman Chris Van Hollen (D-MD), Assistant to the Speaker, has introduced the Green Bank Act of 2009. The legislation creates the Green Bank as an independent, tax-exempt, wholly owned corporation of the United States. The bank’s exclusive mission will be to provide a comprehensive range of financing support to qualified clean energy and energy efficiency projects within the territorial United States.
Finding New Opportunity in Green Banking
As green initiatives sweep across the globe, more and more financial institutions are taking note and taking action. The approach to green banking or sustainable banking as it is also known varies from organisation to organisation. However, one definition is that is sustainable banking means using all of the banks resources with responsibility and care, avoiding waste and giving priority to choices that take sustainability into account.
