When Daniel Weiss cofounded Angeleno Group in 2001 to fund green energy companies, few would have regarded him as a master of timing. advertisement advertisement Oil was trading at a lowly $23 per barrel. The California electricity crisis had recently triggered large-scale blackouts across the state. Enron had just gone belly-up. “To launch an investment firm and raise capital to invest in this space . . . maybe we ought to have had our heads examined, ” Weiss, one of Angeleno Group’s two managing partners, told me on the latest episode of my podcast, The Bottom Line. Seventeen years and $2.5 billion worth of investments later, Weiss and his colleagues have proven that they were lot more savvy than silly. Along the way, they’ve kept their eyes on four fundamental drivers: an urgent need to replace an aging and inadequate power infrastructure in the United States and elsewhere; the steadily increasing demand for fuel and electricity as ever more of the … [Read more...] about LISTEN: Why A Pioneering Green Energy Investor Is Optimistic About The Future Of The Planet
U s energy secretary
The government's efforts in addressing air pollution in the last two years have been phenomenal but the results are marginal, a senior environment ministry official said on November 13.Speaking at an event here, Environment Secretary C K Mishra said tackling air pollution is not the government's duty alone but requires everyone to play a role."In the last two years, efforts by the government in tackling air pollution have been phenomenal but the results achieved are marginal. We need at least 50 per cent reduction in current air pollution levels.Close "This needs sustained efforts. Emergency and knee-jerk reactions will not help, " he said at the 'sustainable dialogue on air pollution', which was organised by TERI. related news Make banking regulation law applicable to cooperative banks, says PIL in HC Jharkhand Assembly polls 2019: NDA is strong in Jharkhand, says BJP Mishra said that "air pollution cannot be the government's business alone.""Everyone has a role to play. … [Read more...] about Govt’s efforts in tackling air pollution phenomenal, results marginal: Environment secretary
Adani Green Energy has posted a profit of Rs 102.3 crore in the September quarter.The company reported a loss of Rs 187.9 crore on YoY basis, while a loss of Rs 97.44 crore on QoQ basis.Revenue was up 53.5 percent at Rs 689 crore versus Rs 449 crore, YoY.Close Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 94.4 percent at Rs 382.1 crore versus Rs 196.6 crore, while EBITDA margin was up at 55.5 percent versus 43.8 percent, YoY. related news Future Consumer Consolidated September 2019 Net Sales at Rs 1,120.84 crore, up 10.85% Y-o-Y Bilcare Consolidated September 2019 Net Sales at Rs 673.43 crore, down 7.36% Y-o-Y Mahanagar Gas Standalone September 2019 Net Sales at Rs 783.58 crore, up 12.5% Y-o-Y Tax expense stood at Rs 100 crore against tax credit of Rs 74 crore, YoY.Revenue from power generation was up 3 percent at Rs 462 crore, while the total number of units sold in Q2 FY20 is 970 Mu’s up 7 percent, YoY.At 1445 hours, Adani Green … [Read more...] about Adani Green Energy reports profit of Rs 102 crore in Q2
UK Foreign Secretary Boris Johnson resigned on Monday night, sending alarm bells ringing across the government. Johnson was the public face during the 2016 Brexit campaign, urging citizens to quit European Union.Johnson was the third high-level resignation in 24 hours.Here’s an explainer on Johnson’s resignation and what it means for the UK government and Brexit:Close Why did Johnson resign? related news Disqualified Karnataka MLAs welcome Supreme Court nod for contesting bypolls Supreme Court to deliver verdict on pleas seeking Rafale judgment review tomorrow Maharashtra government formation: Ahmed Patel, Uddhav Thackeray discuss common minimum programme The immediate reason that Johnson cited for his resignation was UK Prime Minister Theresa May and her Brexit strategy. In a letter, Johnson wrote that May was leading the UK into a “semi-Brexit” and that the Brexit dream was “dying, suffocated by needless self-doubt".Johnson’s reaction … [Read more...] about UK foreign secretary Boris Johnson’s resignation: What has happened so far and what happens next?
United States Commerce Secretary Wilbur Ross on May 7 said US is India's largest export market but India's trade policies were restrictive."There is an imbalance in Indo-US trade. I would like to rephrase 'Make America great again' with 'Make America great with Indian cooperation'," Ross said at the summit.India is set to become the world's largest consumer market by 2030 because of the growth of its middle class and the Indo Pacific region would be significant both strategically and economically, Ross said.Close India and the US have been engaged in a simmering trade conflict after the US trade representative's (USTR's) office notified the US Congress and New Delhi in March that Indian exports did not qualify for the Generalized System of Preferences (GSP) - a preferential trade scheme - benefits under their updated eligibility criteria. related news Pact reached to avert government shutdown through Dec 20 Global stocks sink after Trump threatens more China … [Read more...] about US Commerce Secretary Wilbur Ross says India’s trade policies are restrictive