Environment/Energy

 

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    Halifax Nova Scotia & Bridgetown, Barbados -- Oct. 4, 2011--  Emera Inc. (TSX: EMA) announced today that its wholly-owned subsidiary Emera Caribbean Limited has agreed to sell its 19.1% indirect interest in St. Lucia Electricity Services Ltd (LUCELEC) to Light & Power Holdings Ltd. (LPH), also an Emera Inc. subsidiary, for US $25.8 million.



    Sept. 30,  2011 -- Climate change is estimated to cost countries in the Caribbean subregion up to 5% of annual GDP between 2011 and 2050, if actions for mitigating and adaptation are not pursued, according to the ECLAC report The Economics of Climate Change in the Caribbean Summary Report.


    Sept. 30, 2011 - With more than 900 registered attendants from over 46 countries, the 6th Latin American and Caribbean Carbon Forum demonstrated the growing interest in the future of the Clean Development Mechanism (CDM) and in emerging instruments that can lead to a new development paradigm: Low carbon development supported by a new framework for climate financing mechanisms.

    Sept. 27, 2011 - Ocean Thermal Energy Corporation (OTE Corporation) from Lancaster, Pennsylvania (US) has won a contract to design its first two commercial plants that generate electricity from temperature differences in ocean water.

    June 23, 2011 - Hillary Rodham Clinton, Secretary of State -: Today, I am pleased to announce that even in these very difficult budget times in the United States, our country is deepening its commitment to the Caribbean Basin Security Initiative with $77 million in funding for fiscal year 2011. That is an increase of more than 70 percent over the previous year. Security is a core concern for all of us, and the United States is honored to support your efforts.

    June 9, 2011 - The Inter-American Development Bank (IDB) announced today the approval of a regional cooperarion to help public and private institutions develop a sustainable biojet fuels industry employing different kinds of local organic feedstock.

    St. Croix, USVI -- Feb. 15, 2011 - The U.S. Environmental Protection Agency (EPA) has begun a three-month study of air pollution from the HOVENSA oil refinery and other sources of air pollution near the facility in St. Croix, U.S. Virgin Islands.


    TOKYO, Japan - The Inter-American Development Bank (IDB) and the Japan International Cooperation Agency (JICA) signed a Memorandum of Understanding to support renewable energy and energy efficiency for the mitigation of climate change in Latin America and the Caribbean.

    Georgetown, Guyana - Jan. 17, 2011 -- Tullow Oil, a London-based Company is expected to commence drilling in April in the Guyana basin and has invested huge in the Jaguar Well through a joint venture with REPSOL, a leading international oil exploration company out of Spain.

    Dec. 17, 2010 -- Conduit Capital Partners LLC, a private equity investment firm focused on energy infrastructure investment and development in Latin America and the Caribbean, today announced that it will build a $127 million power plant in West Kingston, Jamaica.

    Dec. 1, 2010 -- Rising sea levels caused by climate change are set to cause damage of billions of dollars to the islands states of the Caribbean by the middle of the century, including wiping out more than 300 premium tourist resorts, a remarkable new report suggested yesterday. View CARIBSAVE Summary Report.

    Charlestown -- Nov. 20, 2010 -- Premier of Nevis and Minister of Finance in the Nevis Island Administration (NIA) Hon. Joseph Parry, welcomed the news of Phase II, the next major stage of geothermal development which is slated to commence in earnest in late January early February 2011. He said the progress would mean a lot to the government of Nevis.

    Oct. 14, 2010 -- The Government of Canada, through the Canadian International Development Agency (CIDA), will support the Canadian Red Cross's efforts to assist Caribbean countries and local communities to better prepare for natural disasters.


    Washington -- Sept. 16, 2010 -- Barbados will boost its use of renewable energy sources and reduce its reliance on fossil fuels with assistance from a US$45 million loan from the Inter-American Development Bank.



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