Four Multinational Corporations, Five Global Banks, and Sixteen Cities Partner with the Clinton Foundation to Retrofit Buildings and Reduce Carbon Emissions
May 16, 2007
New York, NY

President Bill Clinton today announced the creation of a global Energy Efficiency Building Retrofit Program, a project of the Clinton Climate Initiative (CCI). This program brings together four of the world’s largest energy service companies (ESCOs), five of the world’s largest banks, and sixteen of the world’s largest cities in a landmark program designed to reduce energy consumption in existing buildings.

“Climate change is a global problem that requires local action,” said President Clinton. “The businesses, banks and cities partnering with my foundation are addressing the issue of global warming because it’s the right thing to do, but also because it’s good for their bottom line. They’re going to save money, make money, create jobs and have a tremendous collective impact on climate change all at once. I’m proud of them for showing leadership on the critical issue of climate change and I thank them for their commitment to this new initiative.”

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ZEELAND, MI - April 16, 2007 – Industrial Woodworking Corporation (IWC) announced today that it has offset 100% of its carbon emissions with Carbonfund.org, the country's leading carbon reduction and offset organization, through their CarbonFree™ business program. IWC has offset 100% of its emissions from electrical and natural gas use, management's air travel and corporate vehicles. This step highlights IWC's commitment to be a green leader in West Michigan's furniture manufacturing community.

Industrial Woodworking Corporation Press Release 04-16-07

PepsiCo today announced the landmark purchase of renewable energy certificates (RECs). Marking the largest REC purchase to date, the purchase matches the purchased electricity used by all PepsiCo US-based manufacturing facilities, headquarters, distribution centers and regional offices. "Energy is a key focus for PepsiCo within its environmental sustainability agenda," said John Compton, chief executive officer, PepsiCo North America. "The purchase of these RECs is not only in line with our progress to date, but further advances our commitment to sustainability and helps make a positive impact in the communities we serve across the country."

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Metal Halide lighting is a type of High Intensity Discharge (HID) lighting. Other types of HID are Mercury Vapour, High Pressure Sodium and Low Pressure Sodium. All HID lamps work on the same principle, that of causing an arc across a gas or vapour and using the gas or vapour as a conductor, the same way incandescent lamps use a tungsten filament as its conductor.