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Environment: The Journal Report

Written by Michelle Haimoff

Tuesday, 30 October 2007

Yesterday's Wall Street Journal added a supplement called "Environment: The Journal Report." Since the Journal has yet to follow the New York Times' lead and offer online content for free, here is a quick summary of the front page article "Handicapping the Environmental Gold Rush" by Jeffrey Ball:

"The green stampede is on," Ball writes. He then names the winners-

GM (GM - Last trade $38.40) - hybrid vehicles
ConocoPhillips (COP - Last trade $83) - brewer of diesel fuel from animal fat
Credit Suisse Group (CS - Last trade $66.24) - "global-warming index" of stocks that might benefit from lower emissions

Waste Management (WMI - Last trade $36.06) - electricity generated from methane

Renewable energy players, such as:
General Electric (GE - Last trade $40.47)
BP (BP - Last trade $77.22)
Royal Dutch Shell (RDS-B - Last trade $87.05)
Iberdrola (IBDSF.PK - Last trade $16.10)
Goldman Sachs Group (GS - Last trade $240.73)

Solar panel makers, such as:
Sharp
Q-Cells (QCE.BE - Last trade $87.59)
Suntech Power (STP - Last trade $59.15)
First Solar (FSLR - Last trade $154.42)

Everyone involved in Nevada's Mojave Desert project at Nellis Air Force base, including:
Municipal Mortgage & Equity - affordable housing developer
Citigroup - equity investor (C - Last trade $41.86)
Allstate Corp. (ALL - Last trade $52.06)
John Hancock Financial Services (Manulife Financial Corp.) (MFC - Last trade $44.78)

Global carbon trade players, such as:
Climate Change Capital
Fortis (FOR.AS - Last trade $21.73)
Barclays (BARC.L - Last trade $595.50)
Dresdner Kleinwort
Citigroup (C - Last trade $41.86)
Goldman Sachs (GS - Last trade $240.05)
J.P. Morgan Chase & Co (JPM - Last trade $46.22)
Lehman Brothers Holdings (LEH - Last trade $61.24)
Merrill Lynch & Co. (MER - Last trade $64.87)

Disclaimer: To my knowledge, I don't own any of these stocks, but I once interviewed at Citigroup.

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Comments (2)

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...
written by Adam Waitt , October 31, 2007

Where are the opinions of the article/site authors on the significance of this information?

...
written by David Neubert , November 01, 2007

Seems like everybody is getting in on the Green Business Train. It's starting to remind me of the DotCom boom but with some nicer people.

I'm glad to see the Wall Street Journal focus on larger companies. Too much attention is being paid to small companies - they have many of the good and new ideas but big changes don't take place until large companies get involved.

But GM? You've got to be kidding. They've been dragged kicking and screaming into making more environmental cars. I think their executives would rather spend money lobbying government for handouts than actually being innovative.

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Michelle Haimoff
		About the author:
		Michelle Haimoff is a native New Yorker living and writing in Greenwich Village. She has written for Profile Magazine, L Magazine and Eyewitness Travel Guides.
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