Reuters

A new study from Harvard University has found that when the entire life-cycle of coal is considered -- extraction, transport, processing, and combustion -- it poses significant public health and environment hazards.  Cumulatively, the study estimates these hazards cost the American people roughly US$300 to US$500 billion dollars annually.

Shares of Suzlon Energy Ltd. (BSE: SUZLON.BO), India’s largest wind turbine manufacturer, are trading down two percent today after the company issued a statement denying that Spain’s Gamesa Corporacion Tecnologica, SA (OTC: GCTAF.PK) may buy a majority stake in the company for about $1.9 billion.

Meanwhile, Sinovel Wind Group Co., China’s largest wind turbine manufacturer, announced Tuesday it plans to raise up to $1.4 billion in an initial public offering (IPO) of its shares on the Shangai exchange. 

When do you know your industry has become mainstream? When the mob starts using it to launder money. By that yardstick, the renewable energy sector has finally hit the big time.

This week Italian police seized US$1.9 billion in assets allegedly illegally invested by the Mafia in renewable energy companies – the largest mob haul in history.

Former Vice President Al Gore claims in a recent blog post that the failure of the U.S. Senate to pass legislation to curb greenhouse gases (like the American Power Act) is already costing the country billions of dollars.

The BP oil spill demonstrates an urgent need for the U.S. government to create incentives to drive investment in alternative fuels say biofuel industry leaders, who are lobbying officials in Washington for long-term support.

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