Investing in the Eco-Friendly: A "Bright" Investing Idea
By Ian L. Cooper
Save some tissues? Save the world?
It’s not a big surprise that recent flare-ups of spoken celebrity offerings have left many perplexed. Sheryl Crow, the eco-friendly celebrity politico, suggests we “spare a square” and resist using more toilet paper than we really need. Says Sheryl Crow, use “only one square per restroom visit, except, of course, on those pesky occasions where two to three could be required". You see, it’ll help save the world.
What’s next, the toilet police? A 10-cent surcharge per square?
But I digress, and turn the other cheek… I, for one, hope she’s just joking. It’s hard to take global warming seriously when we’re laughing at (not with) nonsensical celebrities.
And now some one has a “bright idea” to ban the sales of incandescent light bulbs in California? Yep. A California lawmaker wants to make California the first to ban incandescent light bulbs as part of the state’s desire to reduce energy use and the greenhouse gases responsible for global warming. Regular light bulbs just don’t make sense anymore, since they only produce 12 to 15 lumens per watt.
And so it seems a bill to ban incandescent bulbs in California is well on its way to full approval, having cleared its first legislative hurdle. The California Assembly’s Utilities and Commerce Committee voted 7-2 to approve legislation, AB 722, which will ban the sale of 25 watt to 150-watt bulbs by January 2012.
The bill’s author, Lloyd Levine, D-Van Nuys, believes that a move to compact fluorescent bulbs, which last sometimes 10 times longer, will result in energy savings and a reduction in carbon emissions.
As of yesterday, Early Alert Trader issued two new plays on the “bright” idea.
Take care,
Ian L. Cooper, Editor, Early Alert Trader
| |