EEE Has Recognition: Recs: 1 Energy and Capital mentions EEE
Green Collar Jobs
The energy bill signed into law last December authorized $125 million for green collar job training programs. And while that may be just a drop in the bucket, it shows where America's manufacturing jobs are headed.
According to Bob Baugh, Executive Director of the AFL-CIO Industrial Union Council, green collar jobs present "an opportunity to restore some of the 3 million jobs in manufacturing we've lost in the last seven years."
But green collar jobs are an article for another day. For now, let me reveal one the investment opportunities related to the aforementioned EPA ruling.
A company called Evergreen Energy, Inc. (NYSE: EE ), has developed a process, dubbed K-Fuel, that uses heat and pressure to physically and chemically transform high moisture and low-Btu coals, such as sub-bituminous coal and lignite, into lower-emission fuel.
It reduces emissions of mercury, sulfur dioxide, nitrous oxides and carbon dioxide. And a recent month-long test of the fuel produced a near 82% drop in mercury emissions form a western Pennsylvania coal plant.
Now, don't get me wrong. I'm not jumping on the coal bandwagon. But I believe it will be part of our energy future, so we might as well do everything we can to make it as clean as possible.
The western Pennsylvania plant burned 75% Ohio bituminous coal blended with 25% Wyoming coal treated with the K-Fuel proprietary process.
Those results came out February 7th. Take a look at what the stock was doing just a week before the announcement:
You can bet someone had a leg up on the results of the test. Nonetheless, I suspect this one will get a continued bounce as news of their test results spread and new orders start pouring in.
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