Green Leaf Report

This article about GE’s CEO Jeffrey Immelt demonstrates how economically viable the environmental energy processes are becoming. Note that Mr. Immelt thinks the CO2/greenhouse gas policy will change, but GE is also putting pressure on the government to change the policy. And they’re positioned to benefit financially by a changed policy. Ah, smart business. Here’s a couple of highlights:

GE’s revenue from renewable energy–wind, solar and biomass–will be $7 billion in 2007. Five years ago, when it began ramping up investments, revenue was $5 million.

Immelt said GE is expecting that greenhouse gas emissions, which includes carbon dioxide, will become regulated. The company was a founding member of United Climate Action Partnership, an organization of corporations and environmental groups calling for federal policies to restrict greenhouse gas emissions.Immelt said GE is expecting that greenhouse gas emissions, which includes carbon dioxide, will become regulated. The company was a founding member of United Climate Action Partnership, an organization of corporations and environmental groups calling for federal policies to restrict greenhouse gas emissions.