Stonyfield Farm takes on cow burps with help of Vermont organic dairies

first_imgThe first program in North America to naturally decrease global warming gases caused by cows’ burps (enteric emissions) has been announced by environmental pioneer Stonyfield Farm, the world’s leading organic yogurt company. An unexpected benefit of the program is that it also significantly increases the nutritional value of the milk. The Stonyfield Greener Cow pilot program began in late 2008 with 15 Vermont Organic Valley farms which supply the milk for Stonyfield’s yogurts. The company learned about this approach from its global partner French-based Groupe Danone. Stonyfield had been measuring its carbon footprint for over a decade, and had known milk production was the biggest part of its footprint. While it developed programs for emissions from growing feed for cows, manure, transportation, and farm energy, handling its greatest source of milk emissions, the natural digestion of the cow, was a challenge.”This is a watershed moment for the US dairy industry,” said Stonyfield President and CE-Yo Gary Hirshberg. “By changing the feed we give our cows, we can simultaneously reduce greenhouse gas emissions and improve milk’s nutritional content in a way that may help reduce cardiovascular disease and obesity.”The pilot program works by feeding cows a diet high in natural omega-3 sources, such as alfalfa, flax and grasses. This results in an increase in the milk’s omega-3 content and decrease in the levels of saturated fats. Through intensive, ongoing analysis of the feed and the cow’s milk, the pilot program re-balances the cow’s main stomach or “rumen.” This results in a reduction of the waste by-product methane, a greenhouse gas, which the cows emit primarily through burping.The milk from the pilot program is tested in the lab of milk lipids expert Dr. Adam Lock at the University of Vermont using gas chromatography, an analytics technique for determining the fatty acid composition of milk fat. From the fatty acid analysis, in a process patented by French nutrition company Valorex SAS, the enteric methane emissions are determined. (For more on enteric emissions and further program details, see the program’s scientific backgrounder, available upon request.)”Stonyfield Farm has been able to reduce the enteric emissions from the cows by as much as 18%, an average of 12%. If every US dairy were to adopt this approach, in less than one year, the amount of greenhouse gas emissions we could reduce would be the equivalent of taking more than half a million cars off the road!”announced Nancy Hirshberg, Stonyfield V.P. of Natural Resources and the director of the Stonyfield Greener Cow Project.The omega-3s in the milk increased by nearly one third (29%) without adding anything, such as omega-3 rich fish oil to the milk, she noted. Increasing the omega-3 level in the feed also lowers the omega-6 to omega-3 ratio, a balance that regulates key human physiological functions.”The Stonyfield Greener Cow program is changing food in exactly the ways we need it to be changed,” said Artemis P. Simopoulos, M.D., international authority on essential fatty acids and former chair of the Nutrition Coordinating Committee at the National Institutes of Health (NIH). According to her book The Omega Diet, what we eat today contains too much omega-6 and not enough omega-3. This ‘hidden imbalance’ makes us vulnerable to heart disease, cancer, obesity, autoimmune diseases, allergies, diabetes and depression.Only plants can synthesize omega-6 and omega-3. By eating animals that have consumed plants high in omega-3, humans get this important nutrient. Over the past 50 years, though, our diets have changed and we now consume more omega-6 rich foods such as oils from corn, palm and soy. We also changed what livestock eat by increasing the amount of corn and soy in their feed, and decreasing grass, which is high in omega-3. The result is that eggs, meat and dairy have less omega-3. Thus, the omega-6 to omega-3 ratio in our diets — which used to be about 1 or 2 to 1 — is now out of balance with about 20 times more omega-6 than omega-3.”There is an environmental cost to these changes,” stated Nancy Hirshberg. “Clearing forests for palm and soy has caused ecological devastation. For every piece of rainforest or prairie that is destroyed to grow soybean or palm, our bodies pay the price with an imbalance in the omega-6 to omega-3 ratio. Put simply, our health and nutrition are tied to what animals eat. We are what they eat!”Stonyfield CE-Yo Gary Hirshberg iterated the company’s plans to make its findings available to support other interested dairy processors by late summer.About Stonyfield FarmStonyfield Farm, celebrating its 26th year, is the world’s leading organic yogurt company. Its all natural and certified organic yogurt, smoothies, milk, cultured soy, frozen yogurt and ice cream are distributed nationally. The company advocates that healthy food can only come from a healthy planet. Its organic ingredient purchases keep over 100,000 farm acres free of toxic, persistent pesticides and chemical fertilizers that can contaminate soil, rivers and drinking water. To help reduce global warming, Stonyfield offsets all of the C02 emissions generated from its facility energy use. The company also started a nonprofit called Climate Counts (climatecounts.org) which shows people how they can help fight climate change by the way they shop and invest. Stonyfield also donates 10% of its profits to efforts that help protect and restore the Earth.(www.stonyfield.com(link is external)).Source: Stonyfield Farm. LONDONDERRY, N.H., June 8 /PRNewswire/ —last_img read more

Governor Douglas appoints Adam Howard to Lamoille-4 House seat

first_imgGovernor Jim Douglas today announced the appointment of Cambridge resident Adam Howard as State Representative for Lamoille-4 House District.  Howard will represent Cambridge, Belvidere and Waterville in Lamoille County, replacing 27-year Legislative veteran Richard Westman who resigned his seat this summer to become Vermont s Tax Commissioner. I m pleased to announce my appointment of Adam as State Representative, said Governor Douglas.  His business experience and volunteer work make him uniquely qualified to serve at this critical time. It’s an honor to be selected by Governor Douglas to represent the people of Cambridge, Belvidere and Waterville, said Howard.  I look forward to bringing by experience in both traditional and creative economies to Montpelier at a time when private sector job creation is so key to our recovery.Educated at Western State College of Colorado, Howard received a B.A. in Political Science and a minor in Community Journalism.  Howard’s love of the outdoors led him to an extensive career in journalism with a focus on winter sports, especially skiing.  He began his career as an intern at Powder Magazine in California in 1997.  When he returned to Vermont, Howard was a building contractor and professional ski patroller before becoming a reporter at the News and Citizen in Morrisville, Vermont. In 2002 Howard co-founded Vermont-based Height of Land Publications (HOL)which owns and operates Backcountry, Alpinist and Telemark Skier Magazines. He currently serves as editorial director at HOL.  Howard is active in his community serving as a founding member and President of the Cambridge Historical Society where he also served on the Board of Directors.  He is a founding member and President of the Brewster River Mountain Bike Club which has grown to 100 members with a focus on building trails and supporting youth health and fitness.  Adam is also Vice Chair of the Cambridge Development Review Board.Howard, 35, lives on his family s farm in Pleasant Valley, with wife Holly and daughters Hazel and Antonia. Source: Governor’s office. 10.7.2009###last_img read more

Vermont Troopers ratify first ever collective bargaining agreement

first_imgThe Vermont Troopers Association (VTA) announced today that its members have ratified its first collective bargaining agreement with the State of Vermont.  The VTA separated from the Vermont State Employees Association in the fall and formed its own organization made up exclusively of state police officers.“From the outset we knew we were negotiating our first contract in the face of some enormous challenges,” said Michael O’Neil, VTA President.   Such challenges included a difficult economic outlook and pressure to follow the course set by VSEA in its own negotiations.  With these financial and political realities in mind, the VTA entered into negotiations with a clear goal. “We wanted the State to address issues that are unique to police officers,” said O’Neil.  For example, the starting wage for a state police officer in Vermont is more than 35% below the average starting wage of the larger police agencies in Vermont, and almost 50% below the starting wage of a New Hampshire state police officer. “This profound discrepancy in comparable wages, along with other important issues, must be addressed if Vermont is going to continue to attract and retain qualified state police officers,” said O’Neil.In the end, the Troopers agreed to a one year contract, during which they agreed to make a fair contribution to the State’s fiscal situation by waiving their step movements and temporarily suspending some holiday premiums and other benefits.  In return, the State agreed to jointly participate with the VTA in a study of wages and wage plans of police agencies around Vermont and New England.  Other issues including the development of new work schedules will be discussed at these meetings in preparation for next year’s negotiations.“As painful as these economic times are, we are pleased that the State has agreed to a one year contract, and agreed to work with us to conduct a comprehensive review of comparable police wages and wage structures in Vermont and New England,” said O’Neil.Source: Vermont Troopers Association. 3.16.2010###last_img read more

Unemployment rate drops to 6.6 percent, 1,000 jobs added

first_imgThe Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for February 2010 was 6.6 percent, down one tenth of a point from the revised January rate and down one tenth of a point from a year ago.“Vermont saw modest job growth across a number of sectors in our labor market in February,” said Patricia Moulton Powden, Commissioner of the Vermont Department of Labor. “While this is promising news, we would need to see this pattern continue to determine that employment recovery has begun in the state.”Seasonal Job GrowthDuring non-recessionary periods this past decade unadjusted job counts have grown an average of 1,200 jobs from January to February. This year we saw an increase of 2,200 or 0.7%, a better than average performance. The annual rate of unadjusted job growth improved to -1.4%. Much of the seasonal job gains came from the Education & Health sector, (900 or 1.5%) the State Government Education sector, (1,400 or 17.8%) and the Local Government Education sector, (600 or 2.4%). These are mostly education support staff returning from their January breaks. We also saw seasonal job gains in Manufacturing, (200 or 0.7%) Leisure & Hospitality, (400 or 1.1%) and Administrative Support & Waste, (250 or 3.2%). The largest seasonal declines were observed in Retail Trade, (-300 or -0.8%) Construction, (-750 or -7.4%) Other Services, (-300 or -3.1%) and Other State Government, (-250 or -2.8%).When seasonally adjusted, February payroll jobs grew by 1,000 jobs or 0.3% over January. This growth was led by the Administrative Support & Waste sector, (400 jobs or 4.7%) Local Government, (300 or 1.0%) Leisure & Hospitality, (200 or 0.6%) Manufacturing, (200 or 0.7%) and the Retail sector, (200 or 0.6%). Seasonally adjusted job losses were observed in the Construction sector, (-200 or -1.6%) and State Government, (-200 or -1.1%).Employment GrowthVermont’s February seasonally adjusted unemployment rate fell one tenth of a point to 6.6% as a result of an increase of 1,500 in the number of employed and a small decline, (-200) in the level of unemployed. For comparison purposes, the US seasonally adjusted unemployment rate for February was 9.7 percent, unchanged from January, 2010.February unemployment rates for Vermont’s 17 labor market areas ranged from 5.1 percent in Hartford to 11.0 percent in Newport. Local labor market area unemployment rates are not seasonally adjusted. For comparison, the February unadjusted unemployment rate for Vermont was 7.1 percent, down four-tenths of a point from January 2010 and down 0.3 points from a year ago.Vermont Labor Force Statistics (Seasonally Adjusted)Changes FromFebruary2010January2010February2009January2010February2009Total Labor Force361,300359,900361,1001,400200Employment337,400335,900337,0001,500400Unemployment23,90024,10024,100-200-200Rate (%)’s labor force, employment and unemployment statistics are produced from a combination of a Statewide survey of households and statistical modeling. The data are produced by the Local Area Unemployment Statistics Program (LAUS) a cooperative program with the US Department of Labor, Bureau of Labor Statistics and the Vermont Department of Labor.Vermont Seasonally Adjusted Nonfarm Employment in ThousandsBY NAICSPrelim.RevisedRevisedChange From:% Change From:Feb-10 Jan-10 Feb-09 Jan-10 Feb-09 Jan-10 Feb-09 Total – All Industries297.3296.3301.21.0-3.90.3-1.3Private Industries243.3242.4246.80.9-3.50.4-1.4Construction12.312.514.3-0.2-2.0-1.6-14.0Manufacturing30.630.432.80.2-2.20.7-6.7Durable Goods21.821.523.70.3-1.91.4-8.0Non-Durable Goods8.88.99.1-0.1-0.3-1.1-3.3Trade, Transportation & Utilities54.654.357.00.3-2.40.6-4.2Retail Trade 36.536.338.60.2-2.10.6-5.4Trans., Warehousing & Utilities8. Activities12.512.412. & Business Services21.821.822.20.0-0.40.0-1.8Professional., Scientific & Technical12.712.813.1-0.1-0.8-0.8-3.1Administrative Support & Waste8. & Health Services61.060.959. Ed. Services13.012.813.30.2-0.31.6-2.3Health Care & Social Assistance48.048.146.1-0.11.9-0.24.1Leisure & Hospitality 34.634.432., Entertainment & Recreation3. & Food Services30.930.728. Services9.69.99.6-0.30.0-3.00.0Total Government54.053.954.40.1-0.40.2-0.7State Government17.317.517.9-0.2-0.6-1.1-3.4Local Government30.330. Burlington MSATotal – All Industries109.7109.1112.60.6-2.90.5-2.6Statewide Total – All Industries estimate is seasonally adjusted independently.Note: Beginning January 2009 Vermont is publishing a seasonally adjusted Total-All Industries estimate for theBurlington – S. Burlington MSA.Current Employment Statistics Program (CES). Produced by the Vermont Department of Labor in cooperation with the U.S Bureau of Labor Statistics.ESTIMATED NONFARM EMPLOYMENT IN VERMONT(not seasonally adjusted)PRELIMREVISEDREVISEDCHANGES FROM% CHANGES FROMINDUSTRY BY NAICSFeb-10Jan-10Feb-09Jan-10Feb-09Jan-10Feb-09TOTAL NONFARM296,600294,400300,8002,200-4,2000.7%-1.4%TOTAL PRIVATE240,100239,600243,850500-3,7500.2%-1.5%GOODS PRODUCING40,40040,95044,700-550-4,300-1.3%-9.6%MANUFACTURING30,30030,10032,400200-2,1000.7%-6.5%Durable Goods21,75021,35023,500400-1,7501.9%-7.4%Computer & Electrical Equipment Mfg.7,6507,7508,300-100-650-1.3%-7.8%Fabricated Metal Products Mfg.2,3502,3502,4500-1000.0%-4.1%Non-Durable Goods8,5508,7508,900-200-350-2.3%-3.9%Food Mfg.3,8003,9003,850-100-50-2.6%-1.3%CONSTRUCTION9,40010,15011,600-750-2,200-7.4%-19.0%MINING & LOGGING700700700000.0%0.0%SERVICE-PROVIDING256,200253,450256,1002,7501001.1%0.0%TRADE, TRANSPORTATION AND UTILITIES53,35053,50056,100-150-2,750-0.3%-4.9%Wholesale Trade9,8509,6509,7502001002.1%1.0%Retail Trade35,50035,80038,000-300-2,500-0.8%-6.6%Food & Beverage Stores9,85010,1009,800-25050-2.5%0.5%General Merchandise Store2,8002,9002,650-100150-3.4%5.7%Transportation, Warehousing and Utilities8,0008,0508,350-50-350-0.6%-4.2%Utilities1,7001,7001,700000.0%0.0%Transportation & Warehousing6,3006,3506,650-50-350-0.8%-5.3%INFORMATION5,4005,3505,55050-1500.9%-2.7%FINANCIAL ACTIVITIES12,45012,40012,50050-500.4%-0.4%Finance & Insurance9,5009,4509,45050500.5%0.5%Real Estate, Rental & Leasing2,9502,9503,0500-1000.0%-3.3%PROFESSIONAL AND BUSINESS SERVICES20,95020,85021,250100-3000.5%-1.4%Professional, Scientific and Technical12,60012,60013,1000-5000.0%-3.8%Administrative, Support and Waste8,1507,9007,8002503503.2%4.5%EDUCATIONAL AND HEALTH SERVICES61,10060,20059,4509001,6501.5%2.8%Educational Services13,50012,55013,750950-2507.6%-1.8%College, Universities and Professional7,6507,2007,700450-506.3%-0.6%Health Care and Social Assistance47,60047,65045,700-501,900-0.1%4.2%Ambulatory Health Care Services15,80015,80015,60002000.0%1.3%Hospitals12,85012,90012,300-50550-0.4%4.5%Nursing and Residential Care Facilities6,8506,8506,850000.0%0.0%LEISURE AND HOSPITALITY37,05036,65034,8504002,2001.1%6.3%Arts, Entertainment and Recreation3,3503,3003,70050-3501.5%-9.5%Accommodation and Food Services33,70033,35031,1503502,5501.0%8.2%Accommodations16,75016,40013,8503502,9002.1%20.9%Hotels & Motels14,40014,30013,0001001,4000.7%10.8%Food Services and Drinking Places16,95016,95017,3000-3500.0%-2.0%OTHER SERVICES9,4009,7009,450-300-50-3.1%-0.5%GOVERNMENT56,50054,80056,9501,700-4503.1%-0.8%Federal Government6,3506,4506,400-100-50-1.6%-0.8%State Government Education9,2507,8509,3001,400-5017.8%-0.5%Local Government Education25,10024,50024,9006002002.4%0.8%Other State Government8,8009,0509,300-250-500-2.8%-5.4%Other Local Government7,0006,9507,05050-500.7%-0.7%Note: CES PROGRAM DATA ARE PRDUCED IN COOPERATION WITH THE U.S. BUREAU OF LABOR STATISTICSESTIMATES ARE PRELIMINARY AND SUBJECT TO REVISION. SEE ANNUAL SUMMARY FOR DETAILSBeginning with the January ’09 estimates CES has implemented a change to theSuper Sector previously titled “Natural Resources & Mining” to “Mining & Logging”.It’s merely a change of title to better reflect the true makeup of the Super Sector in CES.VERMONT LABOR FORCE AND UNEMPLOYMENTLABOR MARKET AREAS BY RESIDENCE (Not Seasonally Adjusted)February 2010 EstimatesTotalNumberNumberFeb-10Jan-10Feb-09AreaLabor ForceEmployedUnemployedRate (%)Rate (%)Rate (%)Barre-Montpelier29,50027,2002,3007.88.68.2Bennington13,25012,2501,0507.88.09.6Bradford4,9004,40050010.110.010.2Brattleboro24,65023,0501,6006.46.86.4Burlington-South Burlington113,150106,5506,6005.86.46.3Hartford19,80018,8001,0005.15.04.7Manchester12,45011,5509507.67.77.8Middlebury17,85016,4001,4008.08.18.0Morristown-Stowe20,90019,1501,7508.38.58.6Newport14,25012,7001,55011.011.011.9Randolph8,6007,8507508.58.88.7Rutland28,15026,0002,1507.67.87.8Springfield13,30012,3509507.27.47.1St. Johnsbury14,75013,5001,2508.58.88.7Swanton-Enosburg14,30013,0501,2508.79.09.3Warren-Waitsfield4,6004,4002004.44.64.3Woodstock3,4503,2502005.96.15.2Vermont Total360,200334,55025,6507.17.57.4Note: Unemployment rate is calculated as the number of unemployed divided by total labor force and expressed as a percent.Source: Vermont Department of Labor LAUS program in cooperation with the U.S. Bureau of Labor Statistics Source: VT DOL. 3.26last_img read more

Pilot programs for Vermont, Maine would keep heavier trucks on Interstates for another year

first_imgUS Senator Patrick Leahy (D-VT) Tuesday announced that a budget package soon to be introduced in the Senate includes a year-long extension of the pilot programs in Vermont and Maine that are moving heavy trucks off state secondary roads and onto the Interstate highway system.The provisions are sponsored by Leahy and Sen. Susan Collins (R-Maine), who also authored the pilot programs currently in effect in Vermont and Maine, which expire this month. Leahy is the second most senior member of the Senate Appropriations Committee, and both Leahy and Collins also serve on the panel’s transportation subcommittee.Current federal law restricts trucks weighing more than 80,000 pounds from regularly using the nation’s Interstate highway system. But segments of the Interstate network in neighboring states allow higher-weight trucks to operate on those Interstates due to special circumstances, from tolling to grandfather clauses. Before Leahy and Collins secured the initial pilot programs last year, overweight truck traffic was forced to travel on some of the states’ smaller roadways, creating safety concerns and putting pressure on the aging transportation infrastructure.Leahy said, ‘No one thinks that overweight trucks should rumble through our historic villages and downtowns on two-lane roads, putting people and our state’s failing transportation infrastructure at risk. This step will keep these trucks out of our downtowns for another year. It also will help us determine, with real-world experience, whether it is safer and better for both our infrastructure and the environment to have these trucks use the Interstate system.’Leahy and Collins pushed to include the provisions in the Senate’s version of a multi-agency appropriations bill, which is expected to be filed soon in the Senate. Leahy Tuesday announced success in including the truck weight provisions in the draft bill. Senate approval of the bill will require a 60 vote supermajority. Most Democratic senators are expected to support the bill, and it is unclear how many Republican senators will support it. The Leahy-Collins truck weight provisions are included in the section that includes the annual budget bill for the Department of Transportation.Source: WASHINGTON (TUESDAY, Dec. 14) ‘ U.S. Sen. Patrick Leahy (D-Vt.)last_img read more

UVM Medical Group at Fletcher Allen announces research award grants

first_imgThe University of Vermont Medical Group at Fletcher Allen announced the winners of four new Medical Group awards at the practice’s annual holiday reception held December 7, 2010. The awards, newly created to highlight Fletcher Allen’s academic mission and recognize the outstanding work of UVM/Fletcher Allen faculty, each carry a $1,500 cash award and $6,000 block grant related to the award’s focus.Allyson Bolduc, M.D., associate professor of family medicine, was named CME (Continuing Medical Education) Educator of the Year in recognition of her role of course director for the long-standing and highly successful Family Medicine Review Course from 2006 through 2009. Under Dr. Bolduc’s direction, attendance at the longest-running family medicine conference in the country grew by approximately 30 percent.Barry Heath, M.D., professor of pediatrics, director, Pediatric Intensive Care Unit and chief, Division of Inpatient and Critical Care at Vermont Children’s Hospital, was named GME (Graduate Medical Education) Teacher of the Year for his unique and innovative teaching of medical residents and fellows. Dr. Heath is described by residents and fellows as an enthusiastic teacher who is patient with new learners and communicates well with the health care teamChristopher Huston, M.D., associate professor of infectious disease, was named Junior Researcher of the Year. This award honors a researcher who is less than 10 years out from graduation from residency or fellowship training. The author of 18 peer-reviewed publications, Dr. Huston’s research focuses on the molecular basis for the pathogenesis of invasive infection by an intestinal amoeba that is the second leading protozoan cause of death in the world.Hillel Panitch, M.D., professor of neurology, was named Senior Researcher of the Year. This award honors a researcher who is more than 10 years out from graduation from residency or fellowship training. Dr. Panitch, who passed away on December 23, 2010, served as director of the Multiple Sclerosis Center at Fletcher Allen for ten years. He made seminal research contributions in defining the pathophysiology and treatment of Multiple Sclerosis. His animal studies suggested that MS is an autoimmune disease; human studies confirmed this and revealed disease mechanisms that led to interventional therapies that are now the standard of care worldwide.Burlington, Vt. – The University of Vermontlast_img read more

Green Mountain Power proposes helping towns convert to efficient LED streetlights

first_imgGreen Mountain Power Corp,Green Mountain Power and Efficiency Vermont are partnering on an unprecedented effort to help every town in GMP service territory change over to more energy efficient Light Emitting Diode (LED) street lights.”Last year Green Mountain Power became one of only a handful of utilities in the country to offer an LED-specific rate to customers for outdoor lighting. This year we are taking it a step further by proposing to lower the rate and offer financial assistance to towns to change to LED lights,” said Mary Powell, president and chief executive officer of Green Mountain Power.With the support of Efficiency Vermont, Green Mountain Power expects to replace thousands of mercury vapor and high pressure sodium street lights with new energy-efficient LED street lights in towns throughout its service territory.Compared with existing mercury vapor bulbs, LED lights produce a comparable amount of light with an average 66 percent savings in energy use or watts. In addition, LEDs are extremely long-lasting. An LED lamp has a potential lifespan of up to 25 years, compared to 5-7 years for traditional street light lamps.”Helping towns across Vermont switch to LED lights is a very important way to reduce Vermont’s use of electricity,” said Jay Pilliod, Director of Business Energy Services of Efficiency Vermont, the state’s efficiency utility. “Towns are eager to participate and benefit from savings on their electric bill.”Green Mountain Power filed its proposed street light pilot program with the Vermont Public Service Board on February 28. Green Mountain Power has requested PSB approval to use $300,000 from the GMP Efficiency Fund to help towns in the transition. The Company will also file a new tariff for LED street lights that will lower the cost towns pay for leasing street lights.Green Mountain Power and Efficiency Vermont have been partners in energy efficiency since the creation of the GMP Efficiency Fund in 2008. Efficiency Vermont will implement this program as part of its portfolio of statewide energy efficiency efforts.”We’re pleased to have GMP as a partner in this program,” said Mr. Pilliod. “With our Step-By-Step Guide to Implementing an Outdoor LED Project, and enhanced technical assistance and financial rebates provided by Efficiency Vermont, towns have the tools they need for a successful transition.””This program supports our commitment to power that is low cost, low carbon and reliable,” said Ms. Powell. “Reducing energy consumption is an important part of this overall strategy that we have pursued for the past three years.”Towns switching to LED streetlights will reduce light pollution and glare while saving money and electricity. This is because LEDs can be more precisely directed to illuminate only the desired areas, such as streets, walkways and parking lots. Little or no wasted light escapes into the night sky, where it could have a disrupting impact on the natural environment. As towns served by GMP convert their streetlights to the new technology, Vermont will continue to be a leader in international efforts to preserve the night sky.If the tariff and program are approved by the Vermont Public Service Board, interested towns should contact Green Mountain Power at 1-888-835-4672 or Efficiency Vermont at 1-888-921-5990.About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) generates, transmits, distributes and sells electricity in the State of Vermont. It serves more than 175,000 people and businesses.About Efficiency VermontEfficiency Vermont (www.efficiencyvermont.com(link is external)) was created by the Vermont Legislature and the Vermont Public Service Board to help all Vermonters reduce energy costs, strengthen the economy, and protect Vermont’s environment. Efficiency Vermont is currently operated by Vermont Energy Investment Corporation (VEIC), an independent organization under contract to the Vermont Public Service Board. VEIC is a Vermont-based nonprofit organization founded in 1986.COLCHESTER, VT–(Marketwire – March 04, 2011) –last_img read more

Green Mountain Coffee Roasters target of investigation by Seattle law firm

first_imgSeattle law firm Hagens Berman is investigating Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR – News) following the filing of a class-action lawsuit.Green Mountain’s shares slumped almost 25 percent after analyst David Einhorn warned on Oct. 17 that the company’s business model was weaker than most thought and that its accounting was suspect. Then, on Nov. 9, 2011 , GMCR announced disappointing earnings results and skyrocketing inventory. On this news, GMCR’s shares plummeted an additional 40 percent, from a close of $67.02 on Nov. 9 to a close of $40.89 on November 10 .The focus of the lawsuit and the firm’s investigation is whether GMCR violated the federal securities laws by hiding or moving inventory. The filed class-action lawsuit alleges that GMCR manipulated its revenue reports and falsified sales orders, using its fulfillment vendor, Mblock, to store surplus product while materially overstating the company’s revenue. During the period of the complaint, insiders sold hundreds of millions of dollars worth of GMCR stock and raised more funds from public offerings.”We spoke to a witness last year who made similar allegations that Mblock helped GMCR hide inventory. However, we believed those shenanigans were in the past. If indeed they continued at Mblock, despite the opening of an investigation by the SEC last September, then current management has more guts than we have seen since Madoff,” said Partner Reed R. Kathrein. “Obviously, if the allegations are true, there are employees and former employees who know more, and we hope they will come forward to assist us in our investigation.”Investors who desire to move to be a lead plaintiff in the class action litigation have until Jan. 30, 2012 to do so.Persons with knowledge that may help the investigation may contact the firm. The SEC recently finalized new rules as part of its implementation of the whistleblower provisions in the Dodd-Frank Wall Street Reform Bill. The new rules protect whistleblowers from employer retaliation and allow the SEC to reward those who provide information leading to a successful enforcement with up to 30 percent of the recovery.About Hagens BermanSeattle -based Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in 10 cities. In addition to investors, the firm represents whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com(link is external). The firm’s securities law blog is at www.meaningfuldisclosure.com(link is external)Investors with losses exceeding $1 million who purchased GMCR common stock between Feb. 2, 2011 , and Nov. 11, 2011 , or who acquired stock as part of a public offering on or about May 5, 2011 , may contact Partner Reed R. Kathrein by calling (510) 725-3000, or by email at GMCR@HBSSlaw.com(link sends e-mail). Investors can also contact the firm online and learn more about the case by visiting www.HBSSlaw.com/GMCR(link is external).BERKELEY, Calif. , Dec 1, 2011 /PRNewswire/ — Hagens Bermanlast_img read more