Hurricanes and Renewable
Energy are Natures Partners
June 10, 2005 — By Green Energy Resources
Green Energy Resources Plan Saves Taxpayers Billions of Dollars
HUNTINGTON, NY — Green Energy Resources (nasdaq otc. Pk GRGR) has again called
on Congress to pass a $40 per ton transportation matching fund, for renewable
energy distribution throughout the United States. The provision is similar to
the forest fire prevention funding in the USDA Forest Service bill. The funding
would greatly enhance the renewable energy industry, radically reduce green
house gas emissions into the atmosphere, and save taxpayers billions of dollars.
Fema is currently paying a handful of contractors approximately $69 per ton to
dump and burn storm damaged waste wood. The cost is 6 times normal rates, and
allows contractors personal profits on money that should belong to tax payers.
Disposal methods are archaic and contribute to environmental damage. Current
clean up procedures worsen emissions of green house gases into the atmosphere,
and ignore job creation opportunities that benefit the overall economy.
The $40 per ton matching fund would allow distribution of the storm damaged
waste wood to be used as biomass and railed virtually anywhere in the USA for
energy. The funding would reduce the amount per ton FEMA is currently paying
from $69, to $40 per ton for disposal. A savings of $29 per ton. Last year,
Florida alone generated approximately 50 million tons of storm damage debris. A
potential $1 billion dollar reduction in taxpayer costs. Curiously, not a single
environmental group advocated the recycling of storm damaged wood, or its use
for renewable energy.
Green Energy Resources in 2004 offered to buy over 1 million tons of storm
damaged debris from Florida to help residents recover and recoup clean up costs.
The offer was ignored by FEMA and state officials. In 2005, Green Energy
Resources has again offered to assist in recovery efforts and to provide free
seminars to municipal, county and state agencies on best recovery practices, and
new market opportunities. Florida and Fema have yet to respond on behalf of tax
payers.
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe harbor
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.
Contact:
Green Energy Resources
Joseph Murray, 631-375-7921
joe.murray@greenenergyresources.com
www.greenenergyresources.com
or
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l: 1-954-360-9998
Nat'l: 1-866-360-9998
Info@wwfinancial.com
Source: Green Energy Resources