Green Energy Plan to Reduce Climate Risk a Reality
Jun 07 - Business Wire
Green Energy Resources (nasdaq otc.pk GRGR) demand for UTCS environmentally certified wood biomass, has created an opportunity for big east coast cities and towns to develop markets for wood waste, reduce green house gases and minimize climate change.
Green Energy Resources has supply contracts exceeding 50 million tons over
the next 10 years. 10 east coast port facilities will be required to meet the
demand of international renewable energy markets. Alternative energy is expected
to be a boon to east coast ports from Miami to New York, in creating new jobs,
providing taxpayer relief through landfill alleviation, as well as storm damage
pressures, particularly present in Florida.
Wood biomass is the 4th largest fuel source in the world after, oil, gas and
coal. It has potential application in over 60% of the total energy markets
including, direct burn, co-firing, hydrogen applications, gasification, ethanol,
and biodiesel. Wood biomass is 10 times larger than wind and solar energy
markets combined. It was recently reported in Londons' Global energy innovation
index (GEIX), that since the ratification of Kyoto treaty, biomass and biofuels
stocks are the leading stock market winners up more than 34% around the world. A
recognition by the international community of its critical importance in the
renewable energy drive, to reduce global green house gas emissions. In New York
last week, the Network on Climate Risk pledged over $1 billion dollars for
investment in Renewable energy companys that reduce pollution and green house
gas emissions. Most cities and towns are bond rated and may qualify for
investment funding.
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provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the companies' actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties include, but
are not limited to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks. For far more extensive news on the energy/power
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