Today, Beijing is scaling back its ambitions, chastened by technological hurdles and lack of buyer interest. Developers have yet to achieve breakthroughs and will be lucky to sell 2,000 cars this year, mostly taxis.
Feb. 2012: Buffett-Backed Chinese Automaker BYD Eyes Hong Kong Taxi Fleet - Forbes
China may be the world’s largest car market but that doesn’t mean that its automakers are getting rich. Take BYD, the Shenzhen-based company that is part-owned by Warren Buffett. His 2008 investment was hailed as a masterstroke, and BYD made our 2009 Fab 50 list for Asia. Not any more. Last year it had to lay off staff, reshuffle its management and raise more capital, all the while trying to convince skeptics that its electric-car technology is bankable. Actually, the technology may be perfectly sound. The problem is the market. Even with government rebates, its electric cars are fairly pricey. The only major buyer so far is Shenzhen’s taxi companies, though its hybrid SUV seems to be doing better.
Scheme used for Nature Conservancy property not a legitimate calculation: critics
Already two projects — Darkwoods and a project by TimberWest on Vancouver Island — have hypothetically conserved 1.05 million tonnes of carbon.
Using the $5 as a benchmark, it would mean the trust awarded the two forestry projects more than $5 million.
That would make up a significant portion of the $13 million (including overhead) the Trust spent in acquiring carbon credits in 2010.
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