Business & Technology

GM sells Hummer to China — the second mistake by those clueless new owners?

China’s Sichuan Tengzhong Heavy Industrial Machinery Company has agreed to buy the Hummer brand from GM for less than $500 million, according to a source familiar with the transaction -- well off its peak value of a decade ago.

Nobelist Krugman slams Reaganite Feldstein on global warming economics

Nobel prize-winning NYT columnist Paul Krugman has been doing some terrific writing on the economics of climate action (see Climate action “now might actually help the economy recover from its current slump” by giving “businesses …

Humm-dinger

Advice for the Chinese manufacturer who just bought Hummer

Tough enough to drive over the Great Wall?GM.comI can’t say as I know exactly what’s going through the minds of the top executives at Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. who have reportedly just …

Clapping louder

Offsets are still counterfeit carbon credits

The arguments in favor of counterfeit carbon credits still fail no matter how often they are repeated   Common talking points(TP)  and replies(R) TP) Cap-and-trade will be too expensive if we don’t do offsets. And then …

Has Obama saved Detroit from itself — or is that simply impossible?

You’re all gonna own a part of GM, so please, fellow owners, let me know what you think! Readers of Climate Progress understand two inescapable realities that the overwhelming majority of policymakers, the status quo …

John Muir, Green Building Consultant

With green home venture, Sierra Club mixes profits with passion

Photo illustration by Tom Twigg / GristIt’s not unusual these days for big green groups to get in bed with business, but one of the oldest and most-respected environmental organizations — the Sierra Club — …

Like rats from a sinking Blankenship

University president quits Massey board after green group campaign

After a 14-week campaign by green groups, Ohio State University President E. Gordon Gee stepped down from the board of directors of mountaintop-removal mining company Massey Energy today. Ohio Citizen Action, then Sierra Club, Greenpeace …

So how much would a $20/ton carbon price really cost?

First I said that we shouldn’t confuse wealth transfers with economic pain. Then I said that a $20/ton carbon price works out to a 1.4 cent/kWh rate increase. Astute readers may have noticed a disconnect. …

Concentrated solar power goes mainstream

Lockheed-Martin to build large CSP plant with thermal storage in Arizona

What is the best evidence that concentrated solar thermal power (CSP) aka solar baseload is indeed a core climate solution with big near-term — and very big medium-term — promise?  One of the country’s biggest …

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