first_imgBy Sharon OmahenUniversity of GeorgiaGreen and purple ketchup, mayonnaise from a squeezable bottle,soup you can eat while driving your car. New food products likethese aren’t just flights of fancy.”Food product development is critical to the survival and growth of the companies within our vast and vigorously competitive, $800billion American food industry,” said Aaron Brody. “Probably aquarter of a million different food products are available, with15,000 to 20,000 or so new items introduced annually into thecrowded mix to try to satisfy consumer desires.”Brody is an adjunct food science and technology professor withthe University of Georgia College of Agricultural andEnvironmental Sciences. He shared his knowledge of productdevelopment and packaging with food industry managers during aone-day short course June 24.The course was organized by the Food Product Innovation andCommercialization Program, formed by UGA researchers.New product development changing”In the past, and to a degree, even today, to develop new foodproducts, we went to the kitchen or laboratory or pilot plant andwhipped up a recipe, which was sent to marketing to sell,” Brodysaid. “Or we assembled a group of creative people to brainstormideas that were sent to the lab. Or we waited for farmers to growa new crop.”Today’s food industry leaders have to know the consumers’ wants,create the right packaging and generate a profit, he said.John Lord, a food product development and marketing researcherfrom St. Joseph’s University and member of the FOODPI&C program,said the high number of new products announced each year isactually much smaller than it seems.”There may be 20,000 new UPC codes … each year, but a very,very small number of these are really new to the world,” he said.”Many are just new adaptations of existing products or temporaryor seasonal products like Oreos with a different color icing.”Few new products really newOf each year’s new products, Lord said, only one-third will beconsidered successful in two years.”This is called ‘product churn,'” he said. “The industry puts alot of products out there and waits to see which ones stick.”Why do so many fail? What drives shoppers to buy new foods?”Consumers want products that taste good, are good for them andare convenient,” Lord said. “Thanks to the food industry, we nowhave cereal bars with milk in them so we can now eat theequivalent of a bowl of cereal while driving a car.”Successful new foods are being developed, too, to reduce the timewe spend cooking. “Look at bowl meals,” he said. “We can now heatit up, eat it and throw away the dishes. If you have a plasticspoon handy, there are no dishes to wash.”Indulgent products are another trend on the rise. “Ben andJerry’s ice cream and Hershey’s upscale chocolate products arebeing sold so we can reward ourselves for living stressfullives,” he said.Some products before their timeLord said some new products are introduced before their time.Cereal with freeze-dried fruit, for example.”In 1965, the technology wasn’t good enough,” he said. “By thetime the fruit was ready to eat, the cereal was too soggy.Thirty-seven years later these cereals taste great and the fruitattracts consumers because it adds a health notion.”Mark Thomas, a research chef with MDT, Ltd., and a FOODPI&Cmember, was a member of the team that made the hugely successfuldecision to add baby-back ribs to the Chili’s restaurant menu.”If you can’t get it to the consumer, it’s not a new product,”Thomas said. “To be successful, you have to be sure consumerneeds are met during the entire development process.”Thomas compared new foods to a human life.”You have to be willing to support the baby from birth toadolescence and on to maturity,” he said. “And if it dies, youperform an autopsy, evaluate what went right and what went wrongand what you could have done better. And you get ready for thenext baby.”More than 30 food industry representatives attended the UGA newfood products development seminar.last_img read more

first_imgBy Brad HaireUniversity of GeorgiaTake time now to check and fix any problems with your home irrigation. There’s no guarantee afternoon showers will bring water to your lawn when it needs it this summer.Make sure the sprinkler heads are properly adjusted and not spraying too far out or too close in. Look for signs of broken risers beneath the sprinklers. Sometimes this is obvious: You’ll have a traffic-stopping geyser. A cracked riser will allow water to boil up around the sprinkler.Inspect the sprinkler riser wiper seal for flow-by. A small amount of water emitting past the wiper seal is acceptable while the system is running. Excessive flow-by while a system is operating indicates a damaged seal.Many times people will replace a sprinkler because it leaks between the wiper seal and pop-up stem after the system has turned off. This leakage does not indicate a problem. If water drains out after the system has turned off and eventually stops, the valve is fine.For spray heads with filters under the nozzle, hold the pop-up stem and unscrew the nozzle carefully. A damaged nozzle may result in an uneven spray pattern. A damaged pop-up stem will result in a poorly performing wiper seal. Remove and clean the filter.To clean clogged nozzles, flush with water or lightly tap on a firm surface. While the filter is out, turn on the zone and flush out the sprinkler body. Reinstall the filter and nozzle, turn on the zone and recheck for effective coverage. Make all of the necessary adjustments to cover the area properly. While the water is on, inspect the other heads in the zone for proper operation.To clean filters installed under the pop-up stem, unscrew the cap from the body. Don’t allow dirt to fall into the sprinkler body while the riser assembly and cap are removed.The filter is at the bottom of the riser assembly. Remove it and flush it with water. Before reinstalling the assembly, run a small amount of water through the system to flush any debris caught in the sprinkler body.It’s very important that broken or poorly performing sprinkler heads be replaced. When a specific sprinkler isn’t operating as it’s designed or if water is flowing freely because of a worn wiper seal, the performance of all the other heads in the zone is affected. Water flowing unchecked past a wiper seal will cause a loss in pressure and affect the other sprinklers’ performances.Valve problems can be hard to fix. Check with a professional if you think you have valve troubles.last_img read more

first_imgUniversity of Georgia Extension will offer a Backyard Flock Poultry Workshop Jan. 16 in downtown Comer. The after-work workshop, from 5:30 p.m. to 8:30 p.m. at the Comer Travel Museum, will cover backyard poultry basics like breed selection, housing and nutrition, but will also cover more advanced topics like disease and parasite prevention. “This will be a workshop where beginners are going to learn a lot,” said Madison County Extension Agent Adam Speir. “But if you have had chickens for a while, you will still be able to get something out of it.” Jim Adkins, of the Sustainable Poultry Network, will be presenting the workshop along with Casey Ritz, of the UGA Department of Poultry Science. UGA’s Madison and Elbert county Extension offices are hosting the workshop, but poultry fanciers from all over northeast Georgia are invited to attend. The workshop is $20 per person, but discounts are available for families, couples and anyone who registers with their own small flock of poultry enthusiasts. Visit http://whoozin.com/W3U-7XW-WFK9 to pre-register before the Jan. 13 registration deadline. For more information or for directions to the Comer Travel Museum, call the Madison County Extension office at 706-795-2281 or email aspeir@uga.edu. For more information about the Sustainable Poultry Network visit www.sustainablepoutlrynetwork.com.last_img read more

first_imgUniversity of Georgia Cooperative Extension is well represented in this year’s crop of graduate students on the UGA Tifton Campus.Twelve Extension agents are enrolled this semester at UGA Tifton as part of the Master of Plant Protection and Pest Management (MPPPM) program in the UGA College of Agricultural and Environmental Sciences. The agents work in counties in south Georgia.“UGA Extension has a history of working with and serving Georgia residents. With many of our agents enrolled in the MPPPM program, farmers and homeowners will benefit from the increased education our agents are receiving,” said Scott Utley, Southwest District agricultural and natural resources program development coordinator.Laura Perry Johnson, director of UGA Extension, believes the program is a win-win for all involved.“This increases our graduate student numbers at the UGA Tifton Campus and trains a much-needed workforce for the applied agricultural industry,” Johnson said. “Best of all, it allows our current employees an avenue to further their education in an area that will increase their expertise and make them more valuable in their jobs, allowing them to have more impact with their clientele. I am beyond excited about the growth in the MPPPM program.”The college’s departments of Entomology, Crop and Soil Sciences and Plant Pathology jointly coordinate the MPPPM program. It is designed to produce graduates with comprehensive, multidisciplinary training in Integrated Pest Management (IPM) of weeds, plant diseases and insect pests of agricultural, commercial and home commodities.“The Master of Plant Protection and Pest Management has become one of the most sought-after degrees by entities that are looking to hire graduates who can apply the latest research to real world situations,” said Jason Peake, director of academic programs at UGA Tifton. “The MPPPM degree equips graduates with not only the technical knowledge to be successful in the field, but also a full understanding of the science and technology behind that knowledge that allows them to make the best decision, regardless of the situation.”There are 28 students enrolled in the MPPPM program at UGA Tifton. David Riley, graduate coordinator for the program at UGA Tifton, said many students who follow through with the MPPPM program pursue Extension careers upon graduation. Of the five students who graduated last spring, two became Extension agents. “The program has gained a lot in popularity over the past year,” Riley said.Along with being trained for a career in Cooperative Extension, MPPPM graduates are prepared for employment as IPM professionals in pesticide and fertilizer services, the pest control industry and regulatory agencies.The program is offered on all three CAES campuses in Tifton, Griffin and Athens, Georgia.New student orientation for the MPPPM program at UGA Tifton is set for Friday, Aug. 14.last_img read more

first_imgThe COVID-19 pandemic has affected much of daily life for Americans, but a few minutes spent completing the 2020 U.S. Census now will make a big impact in the coming decade.Georgia’s self-response rate is currently 53.6%, well below the national rate of 57.3%, putting it in 34th place ranked by state. The state’s 2010 response rate was 62.5%.“Georgia has a significant rural and farm population, so it is critical that every person is counted,” said Mike Martin, director of county operations for University of Georgia Cooperative Extension. “Extension is represented in every county of the state and is well positioned to help Georgians understand the importance of the U.S. Census to them and their community, and also make it easy for them to be counted.”Known as Census Day, April 1 was the census reference date used to determine who is counted and where they were located at that time. April Fool’s Day was not the deadline for self-response, which is now Oct. 31.There’s nothing eerie about the survey, though. The U.S. Census Bureau takes data protection and security very seriously, especially since this is the first widespread use of online responses, although paper and telephone responses are also still being taken. Personal information is not released for 72 years from the National Archives and Records Administration.All household members don’t need to respond to the census, but everyone who usually lives and sleeps in the home should be included. Responding with the census ID mailed to households helps ensure the best count of communities, according to the Bureau.If family members are temporarily displaced because of COVID-19 — due to closures at universities and colleges, for example — individuals should be counted where they normally would have resided on April 1. However, students living at on-campus facilities are already counted through large group responses.The census is used in an array of policy and legislative decisions including designating local school and congressional districts. More than $689 billion in federal funds are doled out to states based on the decennial data.Medicare and Medicaid account for more than half of this federal funding. About 15% of funds distributed are from the U.S. Department of Agriculture for programs including the Supplemental Nutrition Program for Women, Infants, and Children (WIC), school lunch and breakfast programs, the Water and Waste Disposal Loan and Grant Program, and the Emergency Food Assistance Program.Programs at land-grant universities receiving federal allocations from the USDA include the education program for Supplemental Nutrition Assistance Program (SNAP-Ed), Cooperative Extension and Agricultural Experiment Stations.Two-thirds of federal funding for the Cooperative Extension System is formula-based: 20% is equally divided between states; 40% is based on rural population; and 40% is based on farm population.Late spring would normally be the peak operation time for Census Bureau field offices, which is now evaluating and beginning to reopen in some areas. Nonresponse follow-ups, which are conducted in person, will wrap up by Oct. 31.All interaction with the public will follow social distancing guidelines and field staff will use personal protective equipment as needed, according to a Census Bureau press release. In order to verify identity, all census workers have an ID badge with their photograph, expiration date and U.S. Department of Commerce watermark.For more information or to complete the census, visit 2020census.gov.Note: This story has been updated with the Oct. 31 self-response deadline to reflect the Census Bureau’s Oct. 2 press release.last_img read more

first_imgStatewideTechnology Project Unveils New WebsiteConnectVermont Project Includes Fiber optic, Wireless,Online InformationMONTPELIER– The project responsible for bringing wireless Internet access tohighway welcome centers; putting tourism information online; and bringingmotorists road condition reports now has its website.Officials saidthe ConnectVermont program’s new website at www.connectvermont.com(link is external)would not only help visitors and Vermonters learn more about its many high-techservices but provide another way to access them.“Thiswebsite really shows how the ConnectVermont project is making a difference inpeople’s lives,” said Robert T. White, who is the project’sdirector within the Vermont Agency of Transportation. “From vacationerslooking for a cultural event using wireless internet at a welcome center to aVermont trucker trying to find out road and traffic conditions, technology isworking for all of us.”ConnectVermontis a program coordinated by the Vermont Agencies of Transportation and Commerce& Community Development, and composed of partnering organizations withdiverse missions including arts & humanities, tourism, public safety,natural resources, and economic  development.In addition towebsites for these purposes, the initiative includes wireless internet serviceat all of the state’s welcome centers  as part of its mission toestablish an Advanced Rural Traveler Information service.In addition toan integrated system of web sites, interactive kiosks, and a 511 informationline, the ConnectVermont Program will eventually include a fiber optic“backbone” running along Vermont’s highway system that willfurther support traveler information and transportation needs as well as helpexpand broadband access around the state.“I wouldencourage all Vermonters to visit the ConnectVermont website to learn about howthat State of Vermont is making traveling to, in and around Vermont safer andmore convenient,” said Senator Patrick Leahy, who helped secure much ofthe $15 million in federal funding that has fueled the project.“ConnectVermonthas transformed the way visitors search for information about Vermont and ithas begun to transform the way Vermonters know about road conditions, trafficreports and other critical travel information,” Leahy said.11 ofVermont’s 20 information and welcome centers are now offering freewireless internet access, Governor Douglas said, and the remainder are slatedto be completed in the next year or so.“Thiscomponent of my E-State Initiative will provide free Wi Fi access for businesspeople, tourists, and all those who use our highways,” Douglas said.“The ConnectVermont site is a great way to track the progress of this andother related projects.”The northboundand southbound sites in Sharon, Williston, and Randolph are on line, as areGuilford, Fairhaven, Alburgh, Derby and Highgate.For moreinformation, please visit:www.connectvermont.com(link is external)### 30  ###last_img read more

first_imgNorthstar Vermont Yankee,Entergy Corporation reported fourth quarter 2010 earnings of $1.26 per share on an as-reported basis, compared to the same period last year of $1.64. For year-end 2010, earnings were $6.66 versus $6.30 for 2009. Entergy is the parent company of the Vermont Yankee nuclear power plant in Vernon. SEE FULL REPORT HEREOperational Earnings Highlights for Fourth Quarter 2010â ¢ Utility results were lower due to an increase in non-fuel operation and maintenance expense.â ¢ Entergy Wholesale Commodities earnings decreased as a result of lower net revenue and a higher effective income tax rate, partially offset by a gain on sale of an investment.â ¢ Parent & Other results declined due to several individually insignificant items including higher interest expense.‘Once again our businesses delivered strong operational performance and for the sixth year in a row we achieved record operational earnings per share,’ said J. Wayne Leonard, Entergy’s chairman and chief executive officer. ‘Our efforts in 2010 have positioned us for future success. The Utility’s regulatory progress, including rate case settlements in Arkansas and Texas, and future opportunities for productive investments provide one of the best growth stories in the industry. The execution of the reorganization to establish Entergy Wholesale Commodities further enhances our focus on license renewal efforts. And as EWC faces challenging power markets, we are largely hedged in the upcoming years to provide certainty in a bearish environment.’Entergy’s business highlights include the following:â ¢ The Staff of the Nuclear Regulatory Commission issued its final supplemental environmental impact statement for Indian Point’s proposed 20-year license renewal, concluding that there are no environmental impacts that would preclude license renewal for an additional 20 years of operation.â ¢ The Public Utility Commission of Texas unanimously approved the Entergy Texas rate case settlement.â ¢ In January, Entergy Louisiana received the remaining regulatory approval from the Louisiana Public Service Commission for its proposed acquisition of the Acadia Unit 2 power plant paving the way for a first quarter 2011 closing.last_img read more

first_img FacebookTwitterLinkedInEmailPrint分享Kari Lydersen for Midwest Energy News:Peabody Energy is one of the country’s largest coal companies, supplying power plants and steel mills around the world.But in the past few years the company’s fortunes have plummeted, and environmental leaders don’t believe Peabody’s promises that, when the time comes, it will be able to pay more than $250 million to clean up its Illinois Basin mines.Under federal law, mining companies must set aside money to pay for reclamation once mining stops. This is generally done through insurance policies known as surety bonds. But the government also allows companies in good financial shape to “self-bond,” promising that their own assets will be able to cover the cost of reclamation.A decade ago, Peabody Energy would have been considered a robust company, and there were few concerns about its self-bonding arrangements.Today it’s a different story. And industry experts doubt that the plan Peabody executives described on an earnings call earlier this month will do much to turn the tide, given the rapid retreat of coal-fired power and the slowing of China’s economy that’s a major factor in worldwide coal demand.“The risk is that Peabody’s responsibility to clean up from its mining operations will be washed away in a bankruptcy proceeding, and Illinois taxpayers will be left holding the financial bag,” said Howard Learner, executive director of the Environmental Law & Policy Center (ELPC). “That’s unacceptable.”The ELPC on February 12 filed citizen complaints on behalf of Illinois and Indiana residents calling on the states to require Peabody to revise its self-bonding agreements. If this doesn’t happen, the complaint asks for the federal Office of Surface Mining Reclamation Enforcement (OSMRE) to charge the company with violations of the federal Surface Mining Control and Reclamation Act of 1977 (SMCRA).Meanwhile, Peabody is proposing a debt swap to shore up its finances, and offering three mines in the Illinois Basin and one in Arizona as collateral for credit holders. The Institute for Energy Economics and Financial Analysis (IEEFA) released a study this month arguing that Peabody’s financial predictions for the Illinois Basin mines are too rosy and “unsustainable,” potentially meaning more bad news for the company and for its mine reclamation prospects if those debts go bad.“They pretty much think they can reduce their commitments through the bankruptcy process,” said IEEFA finance director Tom Sanzillo, former first deputy comptroller of New York and an expert on bankruptcy. “We’re very concerned about this, and the states are being reckless in how they’re managing a federal program.”Peabody’s problemsOn the earnings call, Peabody CFO and executive vice president Amy Schwetz described 2015 revenues of $5.6 billion, down 17 percent from the previous year. In 2012, Peabody’s revenue was $8.1 billion.Executives blamed the decline on falling coal prices and low sales volume, driven in part by a mild winter which has decreased demand for power, and on the slowing economy in China. They noted that coal revenues have been impacted by low natural gas prices, which make coal-fired power less competitive.Peabody’s mines are concentrated in Australia and in the U.S. West and Midwest. Peabody has massive holdings in the Powder River Basin in Wyoming, which ships coal to power plants in the Midwest; and the company mines in the Illinois Basin, in Indiana and Illinois. The IEEFA says that coal prices in the Powder River Basin have dropped 19 percent since 2012, and prices in the Illinois Basin have dropped 38 percent since that time.“There is no doubt our debt and equity are trading at distressed levels, which is indicative of the headwinds the industry is facing,” said Peabody CEO and President Glenn Kellow on the earnings call. “And, whilst we fully expect 2016 to be another trying year for the U.S. coal industry, we continue to believe that our leading positions in the lowest-cost basins will best position us to benefit from any rise in natural gas prices and coal demand over time.Peabody Energy did not take questions after the earnings call and did not respond to a request for comment for this story.“This is moving fast,” said Learner. “You’re watching the coal industry deteriorate not because of the so-called war on coal – it’s simply not competing well in the market.”Self-bonding concernsCiting Peabody’s 2015 year-end financial results, the ELPC complaint charges that Peabody does not meet the federal requirements for self-bonding, that “the applicant has a ratio of liabilities to net worth of 2.5 or less and a ratio of current assets to liabilities of 1.2 or greater.”“Peabody Energy has a ratio of liabilities to net worth of 11.6 and a ratio of current assets to liabilities of 0.84,” the complaints note.Peabody’s Illinois Basin self-bonding is done through a wholly-owned subsidiary of Peabody Energy, Peabody Investments Corporation.Experts say that if Peabody Energy declares bankruptcy, its subsidiary would not be able to make good on the self-bonding and cover the costs of reclamation. The federal regulations on self-bonding, developed in 1983, make clear that companies with a chance of bankruptcy should not be eligible.Companies are required to report to regulators if they have a significant deterioration in their financial condition. And even if they don’t report, it is regulators’ responsibility to keep an eye on the situation and ask the tough questions, in Sanzillo’s view. If a company’s position declines to the point that it can’t be trusted to cover its self-bonds, regulators have the power to demand a different reclamation guarantee.Peabody’s plansWith the debt swap, Peabody is hoping to reduce the principal of $1.5 billion in debt by $730 million, also reducing annual interest payments by $47 million.“Relative to the overall size of the Peabody debt burden and ongoing net losses, the savings are too small to have a meaningful impact on company finances,” says the IEEFA report.As part of its financial efforts, Peabody is selling its share of the troubled Prairie State Energy Campus in central Illinois. Peabody was one of the originators of the plant billed as an innovative “clean coal” “mine-to-mouth” operation fired by coal from an adjacent mine.The cost of the plant and its electricity has ballooned beyond original projections, and Peabody reduced its stake to a 5 percent ownership while municipalities and power authorities across the Midwest have been saddled with deals forcing them to pay well above market rate for power. Peabody is now selling its share to the Wabash Valley Power Association for $57 million. According to the IEEFA’s analysis of SEC filings, Peabody has invested $246 million in Prairie State.“They’re taking a haircut on this investment even though they’re saying they took a gain, which explains to me why they’re [potentially headed for] bankruptcy,” said Sanzillo. “They can’t tell a loss from a gain.”A dark future for coal?The precarious reclamation situation and the offering of three Illinois mines as collateral for Peabody’s debt swap could put pressure on the company to keep mines running that would otherwise be shuttered. This could contribute to a vicious cycle of increasing supply and diminishing coal prices.“The continuation of the self-bonding while these companies are in financial distress creates the conditions for them to maintain mines that should be closed,” said Sanzillo. “It’s a zombie mine, a dead mine that’s still alive – chasing a ghost market.”The Illinois Basin mines offered as collateral are the Wild Boar mine and Francisco Mine in Indiana, and the Gateway Mine in southern Illinois.“If they can’t come up with the premium payments or no one will insure them, then they need to close the mines,” Sanzillo continued. “No, they don’t have the money for reclamation. So the state would have a claim. I would just sue immediately, get in line on their bankruptcies.”An investigation released by Reuters in June 2015 noted that Peabody and the nation’s three other largest coal companies – Arch Coal, Alpha Natural Resources and Cloud Peak Energy – have $2.7 billion worth of future reclamation costs covered by self-bonding. Arch and Alpha, which have both declared bankruptcy, are also under federal scrutiny for their self-bonding practices.“If the industry was disciplined and realized the price of coal isn’t sufficient to cover what they’re doing, they should be closing mines – to tighten the supply, to increase the price and do better,” Sanzillo said. “We look at the fundamentals – the price of coal won’t carry it any time for the foreseeable future. You cut through the smoke…and the mule can’t pull the cart anymore.”Critics: Peabody can no longer be counted on to clean up coal mines Skeptics Say Peabody Is So Broke It Can’t Even Clean Up After Itselflast_img read more

first_img FacebookTwitterLinkedInEmailPrint分享Dow Jones:Norway’s sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager.The Norwegian central bank, which uses the fund to invest the proceeds of the country’s oil industry, said that investing money back into the energy sector amplifies the government’s exposure to the price of crude, particularly given the country’s majority stake in Statoil ASA.Oil and gas equities currently account for around 6% of the Government Pension Fund Global’s benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion).The Stoxx Europe 600 Oil & Gas index drifted lower on the news of the potential divestment, before recovering. Shares in Statoil fell by as much as 1%. The fund also owns large stakes in most of the world’s oil majors, including a 0.92% stake in Chevron Corp., a 0.82% stake in Exxon Mobil Corp., 1.65% in BP PLC and 2.23% in Royal Dutch Shell PLC as of the end of 2016.“An orderly divestment process over a period of time won’t significantly impact share prices,” said Jefferies analyst Jason Gammel.Norges Bank, the central bank, made the proposal to Norway’s Ministry of Finance on Thursday, saying that, given its size, the fund accounts for an increasingly large share of the nation’s wealth and is an integral part of government fiscal policy. That means that the vulnerability of government wealth to a permanent drop in oil and gas prices would be reduced if the fund pulled out of the stocks in that sector, Norges Bank said.More: Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks $1 Trillion Norwegian Fund Weighs Dropping Oil and Gas Stockslast_img read more

first_imgSurvey finds private equity investors looking to boost renewable holdings, cut oil and gas ties FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Roughly 40% of private equity investors say they will be reducing investments in the oil and gas sector in the next five years because of climate change concerns, according to a winter outlook survey conducted by secondary market investment firm Coller Capital Ltd.“Limited partners who do expect change to their investment strategies are broadly planning to replace oil and gas exposure with investment in renewable energy and climate-friendly products and services,” Coller said in the survey’s Nov. 28 release.While 57% of the 113 limited partner investors surveyed in Europe and Asia said they were changing energy strategies in reaction to climate change, only 30% of North American limited partners said the same, according to the survey. Just 16% of those in North America expect to need to make these modifications within the next five years, the survey found. More than one-third of those surveyed said they would be reducing investment in oil and gas, 42% said they would put more money behind climate-friendly goods and services, and 40% said more investment cash would go to renewable energy, according to the survey. [Bill Holland]More ($): Concerned over climate, PE investors looking to leave oil, gas for renewableslast_img read more