Through its grants, the five-year, $100 million initiative aims to foster "creative projects that show great promise to improve the health of people in the developing world," and as part of the Grand Challenges in Global Health initiative is supported by the Gates Foundation.
Think Global, a Norwegian electric car maker, plans to launch its vehicles in the United States this year and has raised $40 million from existing shareholders to fund operations.
The new round of financing, which all of Think's major shareholders participated in, was oversubscribed, Chief Executive Richard Canny told Reuters.
Canny said venture capital fund Rockport Capital has now become the electric carmaker's second-largest shareholder with the latest round of financing.
The largest shareholder remains lithium ion battery maker Ener1, which has a 31 percent stake in the company, he added.
Ener1 CEO Charles Gassenheimer was named chairman … Read more
The operators of The Pirate Bay have denied claims that the Swedish BitTorrent search engine has been sold.
The Pirate Bay was responding to claims made Tuesday by Swedish businessman Hans Pandeya, who announced he had paid $10 million to acquire The Pirate Bay.
"We have no deal with them," said a note that was posted to The Pirate Bay's blog on Wednesday. "We have not even talked to them. Since this is quite heavy fraud and we don't want our users to buy shares or anything like that in a company that is claiming … Read more
LONDON--An inquiry cleared British climate researchers of wrongdoing on Wednesday after their e-mails were hacked, leaked, and held up by skeptics as evidence they had exaggerated the case for manmade global warming.
Former government adviser Ronald Oxburgh, who chaired the panel, said he had found no evidence of scientific malpractice or attempts to distort the facts to support the mainstream view that manmade carbon dioxide emissions contribute to rising temperatures.
The affair stoked the global debate on climate change and put pressure on scientists and politicians to defend the case for spending trillions of dollars to cut emissions and help … Read more
Xupport is another good option for people who want to optimize and fiddle with specific and global settings on their Macs. This multipurpose utility (billed as a "Swiss Army knife" for OS X) can help you navigate files, perform backups, search for Unix commands, and alter a wide array of settings on your Mac, all within a simple interface that's organized around Settings, Maintenance, Optimization, Sharing, Backup, Browser, Unix, and Info. Recent updates bring full support for Snow Leopard (important for a system-tinkering app), better stability for PPC Macs, and better performance for Intel Macs.
You can … Read more
Senator John Kerry said a bipartisan climate change bill would emerge soon in the U.S. Senate, contradicting what he called the "conventional wisdom" that the legislation was dead this election year.
Kerry is working closely with the Obama administration and a bipartisan group of senators on a comprehensive bill to reduce U.S. carbon dioxide pollution blamed for global warming.
"We're on a short track here in terms of piecing together legislation we intend to roll out," Kerry told a climate policy forum, without giving details of his proposals.
The Massachusetts Democrat and White … Read more
NEW YORK--Hans Pandeya, the Swedish businessman whose attempts to acquire The Pirate Bay last year collapsed amid controversy, is giving digital media another try.
Pandeya, who attended this week's Digital Music East Forum here, said Thursday he's busy creating a base in Boston for his U.S. operations. Asked whether he was still interested in The Pirate Bay, Pandeya said, "I have a lot of secret plans I'm working on."
As for why he was at a digital music conference, Pandeya would only say that his plans include digital media. Last year, Pandeya, CEO of … Read more
The U.S. Senate is unlikely to pass a comprehensive climate change bill to reduce greenhouse gas emissions this year, according to a Reuters survey of 12 key Democrat and Republican Senators who could hold the swing votes.
While the Obama administration and a bipartisan core of senators still hope there is life for a climate change bill that would put a price on carbon emissions and help reinvigorate ailing international talks, the senators interviewed by Reuters this week were much more pessimistic.
The survey underscores that global warming--a scientific finding still hotly disputed by many Americans--could end up being … Read more
The White House has dropped projected revenue from a "cap-and-trade" mechanism to fight climate change from its new budget, an administration official said, bowing to the possibility that the Congress may not pass it.
Last year, the Obama administration forecast revenue of $646 billion in the years 2012-2019 from an emissions trading program that formed the crux of its proposal to fight global warming.
The legislation that contains that proposal is now stalled in the Senate, and cap-and-trade--which sets limits on greenhouse gas emissions and allows companies to trade permits to pollute--may be cut from a final bill … Read more
DAVOS, Switzerland--So far, wind turbines are not Sputnik. But one day they could be.
The global race to develop clean technology is not just about who can build the best solar parks or wind farms. It is also shaping up as a contest between Chinese-style capitalism and the more market-oriented approach fancied by the United States and Europe.
The question comes down to this: will China's highly capitalized command-and-control economy trump laissez-faire in a low-carbon shift that is widely portrayed as the next industrial revolution?
The failure in Copenhagen to agree to replace the Kyoto Protocol with a new global climate treaty when it expires in 2012 has thrown the focus on national measures. And by almost all accounts, the Chinese are coming on strong.
Beijing's top leaders have made clear their intention to have their nation dominate this new industry, up and down the value ladder. And in their quest for the prize, they are not burdened by concerns facing their Western counterparts--such as the impact of wind turbines on landscapes, higher energy prices for consumers, or investor returns.