Wednesday, December 08, 2010

Tycoon Focuses on Green

And he ain't as big a tycoon as those found here! Looks like maybe 'ronnynomics trickle down' is workin someplace, or maybe he just didn't get the corporate/wall street messages!

Chinese Tycoon Focuses on Green Construction

December 7, 2010 - Zhang Yue has grounded his three private jets and personal helicopter. He has stored the midnight blue Rolls-Royce stretch limousine and canary-yellow Ferrari behind the conference center he built here as a reproduction of a French palace. This past summer, he kept the thermostat in his office at a steamy 81 degrees.

Mr. Zhang has embraced frugalities like working in heat rather than turning on an air-conditioner not because of any financial setback. He still shows up on lists of China’s wealthiest entrepreneurs, with a personal fortune estimated at $850 million. But Mr. Zhang, 51, has also emerged as China’s most outspoken tycoon on environmental issues.

It is a notable distinction, now that China has passed the United States as the world’s largest emitter of greenhouse gases — and as Chinese officials vow to resist any binding limits on their country’s emissions at the United Nations’ international climate talks under way in CancĂșn, Mexico. {read rest}

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