The New GM: Chevy Volt Father Bob Lutz is Back - Environmental Capital - WSJ
It sounds as if GM is hoping that Mr. Lutz will be able to tap the same formidable skills he used to accelerate the development of the Volt to figure out how to sell a $40,000 vehicle to cash-strapped consumers still skittish about American cars.Power Play: [Wishful thinking from] HSBC: "King Coal is dead in developed markets" - WSJ
HSBC’s bottom line: Power-equipment makers that can find a new niche to thrive in—whether it’s gas, wind, or transmission—will fare better than those too reliant on out-of-favor energy sources, such as coal, who will be left suffering, like the Grand Armee, a long, cold march back home.[Oct '07]: Barclays and HSBC: making the case for climate [hoax] action by big banks - ClimateChangeCorp.com
The opportunities for banks from climate change are huge, according to HSBC, one of the world’s biggest banks.
“We can finance a wholesale shift to a low carbon economy”, Jon Williams, head of sustainable development for the bank, told the summit. “Climate change can be tackled at minimal economic cost if we do it today”.
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