The plan is called RE
This initiative will draw upon the resources of Google.org, the company's for-profit philanthropic subdivision that owns $2 billion in Google stock, reports The New York Times. Still, some on Wall Street worry that the move could be the only thing that slows the company, Brad Stone writes. “My first reaction when I read about this was, ‘Is this a joke?’” Jordan Rohan of RBC Capital Markets told Stone. “I’ve written off Google’s competition as a threat to Google’s long-term market share gains. But I haven’t written off Google’s own ability to stretch too far and try to do too much. Ultimately, that is the biggest risk in the Google story.” But after the announcement, Google's stock rose $7.57, or 1.1 percent, to $673.57, and Stone reports that Hewlett-Packard announced Tuesday it would be installing a 1-megawatt solar system at its San Diego plant and would purchase 80 gigawatt-hours of wind energy in Ireland. (Read more)
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