posted
suppose to have major news news tomorrow out ahead of President Bush's speech on global warming..on radar!!!
Posts: 173 | From: Mississippi | Registered: Jul 2006
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posted
CTEX news out!! Global warming news ahead of Bush's speech on global warming tonight!
Cemtrex Provides Update on North American Carbon Markets Tuesday January 23, 10:00 am ET President Bush to Address Nation on Global Warming Issue Tonight
FARMINGDALE, N.Y., Jan. 23 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC: CTEX - News) provided the following update on North American carbon markets after attending the Point Carbon event in Washington, D.C. on January 17-18, 2007: ADVERTISEMENT
The U.S. is moving toward serious programs and regulations aimed at controlling greenhouse gas emissions on several fronts. President Bush will present the emerging strategy in his State of the Union address tonight, but there is no advance knowledge of what strategy, possibly from several currently proposed in the Senate and Congress, will emerge.
The McCain-Lieberman Bill (2003-2004) may be revisited in light of new activities (RGGI and California). Action to implement a plan in the U.S. is promised by mid-2007, with an emphasis on developing alternatives to dependence on foreign oil while taking on the challenges of reducing greenhouse gas emissions. Barbara Boxer (D-CA) is proposing a cap on GHG emissions similar to that implemented recently in California to reduce U.S. emissions by 80% by 2050.
In light of these developments, the Point Carbon event sent a message to the attendees including the public and private sectors to build on the foundations of the Kyoto Protocol and the European Union Emissions Trading System, rather than develop a collection of isolated and regional trading systems with voluntary and/or capped emissions reductions requirements. Global warming is "global" and demands global participation and harmonization of policy. Commonality of CO2-e credits and values is required for linkages among developing climate exchange markets to facilitate development of a global trading system suited to rapid implementation and market distributed financial resources.
Cemtrex is already geared to these market needs in the interest of concerted efforts to greatly reduce global warming through pollution control design engineering, monitoring instrument systems and turnkey development and support of Cap-and-Trade and CDM/JI projects.
Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in the buying and selling of carbon credits globally. Cemtrex through its MIP division is engaged in manufacturing and selling the most advanced and custom-engineered instruments for emission monitoring. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are
as of the date of this press release and should not be relied upon as of any subsequent date.
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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_Health care. Bush will propose a tax deduction of $7,500 for individuals and $15,000 for families regardless of whether they buy their own health insurance or receive medical coverage at work. He also would subject employer-sponsored health care benefits to taxation, meaning those with more policies worth more than the deduction would see a tax hike. But those who get policies at work worth less than the deduction, the preponderance of workers with employer-provided insurance, would get a tax break. Another proposal would give some federal money now going to hospitals and other facilities to states for programs to reduce the number of uninsured.
_Energy. Bush is expected to call for a sharp escalation in the federal mandate on use of ethanol as a renewable fuel alternative, a goal that may prove difficult to meet. He also may seek the power to raise fuel economy standards for passenger cars, authority he also asked for last year. Some Democrats worried the plan would give transportation officials overly broad authority to change the system.
_Education. Bush will push for Congress to renew his education accountability law, No Child Left Behind, which expires this year. Democrats will expect him to go along with increases in spending to help schools make the required progress under the law
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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posted
I got in this one at .0060. After tonights speech this stock will be above a penny and maybe higher!!!!
Posts: 54 | Registered: Apr 2006
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quote:"It is in our vital interest to diversify America’s energy supply — and the way forward is through technology. We must continue changing the way America generates electric power — by even greater use of clean coal technology ... solar and wind energy ... and clean, safe nuclear power. We need to press on with battery research for plug-in and hybrid vehicles, and expand the use of clean diesel vehicles and biodiesel fuel. We must continue investing in new methods of producing ethanol — using everything from wood chips, to grasses, to agricultural wastes."
Should see this stock and alternative energy and fuel stocks go up pretty good tomorrow.
-------------------- "The greatest risk is to take no risk at all" Posts: 54 | Registered: Apr 2006
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posted
I agree with you Stock!!! They should go up considerable, if not tomorrow, later this week!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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