McDonald's Corp. (NYSE:MCD) announced its Sustainable Land Management Commitment (SLMC), a significant advancement in the company's effort to ensure the food served in its restaurants around the world is sourced from certified sustainable sources. The McDonald's SLMC requires that, over time, its suppliers will only use agricultural raw materials for the company's food and packaging that originate from sustainably-managed land. This commitment is guided by a long-term vision and supported by an external, third-party annual evaluation process.
McDonald's Corporation, together with its subsidiaries, operates as a worldwide foodservice retailer. It franchises and operates McDonald?s restaurants that offer various food items, soft drinks, coffee, and other beverages.
Cleantech Transit Inc. ("Cleantech") (OTCBB:CLNO) was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
CLNO announced freshly that funding to be provided to Phoenix Energy for the commercialization of a 500 Kilowatt biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government. If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, Cleantech Transit will be entitled to receive its pro-rata share of 30% cash grant payments. Once the final interconnect process and application are complete the grant should be received within 60 days. The 5-year grant vesting period, means all parties must remain owner of record for that length of time, underscoring Cleantech and its partners' commitment to this project and the host community.
A usable application for wood waste as a fuel is in the co-firing of conventional coal-fired boilers, which means using biomass as a supplementary energy source in highefficiency boilers.
Retrofitting most existing systems for cofiring requires relatively minor modifications and can
significantly decrease emissions of sulfur dioxide and nitrogen oxide.
Also, new developments such as gasification technologies offer dramatic improvements in process efficiency and could have a significant impact on the industry.
More about CLNO at: www.cleantechtransitinc.com
American Tower Corp. (NYSE:AMT) announced that it has, through its local South African subsidiary, acquired approximately 960 existing towers from Cell C (Pty) Limited for an aggregate purchase price of approximately $140 million, using cash on hand, local financing, and funds contributed by South African investors who currently hold an approximate 25% minority stake in the subsidiary. American Tower expects to acquire from Cell C approximately 440 additional existing towers during 2011 for an aggregate purchase price of approximately $60 million, subject to customary closing conditions.
American Tower Corporation, through its subsidiaries, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites.
Hospira Inc. (NYSE:HSP) a global specialty pharmaceutical and medication delivery company, announced the election of F. Michael (Mike) Ball as the company's new chief executive officer (CEO) and a member of the board, effective March 28, 2011. Mr. Ball, 55, currently President, Allergan, Inc., succeeds the company's founding CEO, Christopher B. Begley, who will assume the role of executive chairman.
Hospira, Inc., a specialty pharmaceutical and medication delivery company, develops, manufactures, and markets pharmaceuticals and medication delivery systems in the United States and internationally.
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