Your Questions About Sustainable Energy Companies
Richard asks…
What is a socially responsible company?
What criteria do you use when choosing their products or investing in the company?
admin answers:
Companies who have good records and positive policies in the following areas:
HUMAN RIGHTS regarding the following issues – sweatshops, 3rd world community exploitation, international health issues, divestment, child labor, code of conduct.
THE ENVIRONMENT regarding the following issues – global warming, rainforest destruction, pollution, recycling, renewable energy, greenwashing, toxic waste, eco-innovations, illegal dumping, sustainable farming.
ANIMAL PROTECTION regarding the following issues – factory farming, animal testing, humane treatment, wild animal habitat.
COMMUNITY INVOLVEMENT regarding the following issues – family farms, local business support, volunteer efforts, sustainable growth, philanthropic donations, nonprofit alliances, establishing foundations.
SOCIAL JUSTICE regarding the following issues – fair wages, fatalities, union busting efforts, health & safety records, discrimination based on: race, gender, age, ability, religion, sexuality, ethnicity.
Carol asks…
What do energy companies think about biofuel?
Do they like them or not?
admin answers:
Biofuel especially that from algae promises low emissions transportation (the final products are gasoline, diesel and aviation fuel) with several advantages.
Algae can be grown using land and water unsuitable for plant or food production. A calculation of fuel output figures are as follows: Algae could yield more than 2000 gallons of fuel per acre per year of production – beating all other yields for conventional biofuel sources like sugar cane and soya bean mainly due to the density characteristics of the feedstock. ExxonMobil is the pioneer in this project and its expectations are calculated to cost more than $600 million. Ref ExxonMobil
A substitution obligation under European directive 2009/30/EC, encourages the use of sustainable biodiesel instead of conventional diesel. Biodiesel can have close calorific values to those by fossil diesel and may not affect engine performance however this is widely unpopular because biodiesel price is currently higher than fossil diesel.
Ref Platts
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