Siemens eyes 46 billion euros in green sales
GERMANY - Siemens aims to generate sales of more than 40 billion euros US $56 billion from its green technologies and products by 2014, Europe's biggest industrial conglomerate said.
It said revenue from environment portfolio was around 28 billion euros in its fiscal year to Sept 30, 2010 compared with slightly less than 27 billion euros the year before.
A bellwether of the euro zone's largest economy, Siemens has achieved earlier than planned its original target of generating green revenue of at least 25 billion euros in 2011.
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LOS ANGELES - California's legislators are about to vote on a bill that would impose stricter regulations on how utility companies spend the money they collect from ratepayers. This legislation directly responds to the growing discontent among Californians who are already grappling with high electricity bills, which can be partly attributed to wildfire prevention efforts.
Consumer rights groups have been vehemently critical of how utilities have been allocating customer funds. They allege that a substantial portion of this money is being funnelled into lobbying efforts and advertising campaigns that yield no direct benefits for the customers themselves.
The proposed bill…
