Free Republic

Unable to turn a profit from investing in such green technologies as biofuels and reclaiming rubber from old tires, EarthFirst Technologies, based in Tampa, filed for Chapter 11 bankruptcy protection. The company's latest setback comes after months of financial problems. Documents filed in bankruptcy court Friday reveal that EarthFirst owes at least 20 companies hundreds of thousands of dollars. In 2007, EarthFirst generated $18.3-million in revenue, but couldn't overcome setbacks in its biofuel business or surmount millions in operational costs, bringing its year-end net loss to $9.1-million. In January, EarthFirst dodged a big bullet after a lawsuit filed by investment...

Santa Barbara, California - Participating in a conference of green-tech entrepreneurs, venture capitalists, corporate executives and environmental and business journalists, Governor Arnold Schwarzenegger again today explained how California's environmental policies and focus on booming clean- and green-tech industries will help the state weather a slowed-down economy. He spoke about California's wave of growth in the green technology industry during a conversation at the Wall Street Journal's ECO:nomics Conference in Santa Barbara. "California's environmental policies are driving a whole new industrial revolution in our state that is opening up huge opportunities for California companies to grow and strengthening our economy at...