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Detroit, MI 48209 USA
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Offshore oil drilling near Cuba renews spill concerns in Florida Keys

April 23, 2012

In Cuba’s North Basin, the Spanish company Repsol has begun risky exploration for oil and natural gas on a semi-submersible rig, now just 77 nautical miles from Key West and even closer to the ecologically sensitive Florida Keys National Marine Sanctuary. In a month or so, Repsol expects its drilling through 5,600 feet of seawater and about 14,000 feet of layered rock will reach the reservoir.

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Wells Fargo: $30+ Billion in Environmental Investments by 2020

SAN FRANCISCO, Apr 23, 2012 (BUSINESS WIRE) -- Wells Fargo & Company /quotes/zigman/239557/quotes/nls/wfc WFC -0.91% announced today an enhanced commitment to environmental leadership that includes the following goals to be achieved by 2020: $30 billion in loans and investments in support of a "greener" economy, $100 million in community grants for grassroots environmental initiatives, and a 40% increase in the company's energy efficiency.

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Mary E. Landry appointed Coast Guard's Director, Incident Management and Preparedness Policy

April 20, 2012

Rear Admiral Mary E. Landry, USCG retired,will be back at work at the Coast Guard, April 22, though she won't be wearing quite as much gold braid as in this file photograph.
 
As the newest member of the Coast Guard Senior Executive team, she will be the agency's Director, Incident Management and Preparedness Policy.

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Ballast Water Discharges: New US Regulations

April 23, 2012

Operators should be aware that, on March 23, 2012, the United States Coast Guard (USCG) published new regulations in regard to ballast water discharges, in the form of a final rule entitled Standards for Living Organisms in Ships' Ballast Water Discharge in U.S. Waters.
 
The rule outlines ballast water discharge standards (BWDS). It implements provisions which are intendedto ensure, to the maximum extent practicable, that aquatic nuisance species are not discharged from vessels into the waters of the United States.

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EPA Presents New Hurdles for Electric Utilities Industry

NEW YORK, NY, Apr 19, 2012 (MARKETWIRE via COMTEX) -- The markets have experienced a strong first quarter in 2012 and yet the Utility Sector have disappointed. The Utilities SPDR ETF--- which seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index -- has seen almost no change year-to-date. Low natural gas prices and new carbon emission limits are forcing electric utilities companies to switch their plants from coal to natural gas. The Paragon Report examines investing opportunities in the Electric Utilities Industry and provides equity research on PPL Corporation /quotes/zigman/255398/quotes/nls/ppl PPL -0.04% and Exelon Corporation /quotes/zigman/252515/quotes/nls/exc EXC +0.08% .

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