Wells Fargo has announced that it has selected four clean technology startup companies for its US$10 million, five year Wells Fargo Innovation Incubator (IN2) program (further information), which is funded by Wells Fargo and co-administered by the US Department of Energy's national renewable energy laboratory (NREL). The program will provide the startup companies with a combination of up to US$250,000 each, access to NREL's research facility and mentorship from Wells Fargo's financial and technical experts. NREL innovation and entrepreneurship centre director Richard Adams said that "[t]he IN2 program serves as a model for private and public sector collaboration working together for one common goal".
According to Wells Fargo, the IN2 program "was developed to advance the commercialization of new sustainable technologies by validating them in the [NREL's research facility] and then piloting them in select Wells Fargo locations".
Wells Fargo's media release (9 April 2015)
(Source: Wells Fargo; NREL)
The BMW Group has announced that it will partner with German logistics company the SCHERM Group to invest "a six-figure amount" in a pilot project, beginning in mid-2015, to "deploy a 40-ton pure-electric truck in [Munich] ... and become the first automobile manufacturer in Germany to use an electric truck of this size to transport materials on public roads".
The United Kingdom Cabinet Office (CO) and Department for Business, Innovation and Skills (BIS) have jointly announced the release by the CO and national social enterprise organisation Social Enterprise UK of research showing that British consumers are "concerned about where and how they buy products and services".
United States-based telecommunications company Verizon has announced that it will make a further investment this year of almost US$40 million on solar power. According to Verizon, the investment will approximately triple the business's current solar energy production of 5.4 megawatts per year.
Nestlé has announced that it has signed a partnership agreement with non-government organisation World Animal Protection, under which "the hundreds of thousands of farms that supply Nestlé with its dairy, meat, poultry and eggs will have to comply with tighter animal welfare standards".
The United States Department of Justice (DoJ) has announced that McKesson Corporation (McKesson) has agreed to pay US$18 million to resolve allegations that the San Francisco-based pharmaceutical distributor "knowingly submitted false claims to [the Centers for Disease Control and Prevention (CDC)] for shipping and handling services that did not satisfy its contractual obligations".
Apple has released Environmental Responsibility Report (June 2014), which reports on the company's progress in the area of environmental responsibility in 2013-14.
Sainsbury's supermarket chain operator J Sainsbury has announced that it has partnered with waste manager Biffa to install a facility that will allow a local Sainsbury's store in the United Kingdom to "run on power generated solely from ... food waste".
A jury in the United States state of Florida has ordered R.J. Reynolds Tobacco Company to pay a surviving spouse US$23 billion in punitive damages for the deceased's death.
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