In what seems like an attempt to frustrate programs that support home energy retrofit funding via property taxes, the California Energy Commission recently announced that it will reallocate $30 million in public funds apportioned to help stimulate those initiatives. The Federal Housing Finance Agency persuasively blocked the programs when it alleged that such programs would interfere with mortgage payments…

General Motors has recently selected Chris Liddell – Microsoft Corp’s chief finance officer – as vice chairman and CFO to replace Ray Young. Liddell, age 51, has been CFO at Microsoft Corporation since May 2005 but is leaving his position there as of December 31st. Despite his demotion, Ray Young is staying with the company as vice president of international operations; leading the unit’s finance projects, with additional responsibilities to be “clarified in the near term,” GM said…

President Obama recently held a meeting with some of the nation’s largest commercial banking groups, stressing the importance of taking “extraordinary” steps to restore the U.S. economy after obtaining taxpayer bailout dollars. Financial service institutions were monetarily assisted by taxpayers to avoid bankruptcy, which was “largely of their own making,” he said; rendering them indebted to homeowners and small businesses alike.

A group of world business leaders issued a clear call for change this Tuesday, issuing “The Copenhagen Call,” a demand for a global climate treaty. This came after Al Gore, on Sunday, called on attendees to pressure governments around the world to cut greenhouse gas emissions.”The clock is ticking…” Gore Said. “We have to do it this year. Not next year. This year… because Mother Nature does not do bailouts.”"The Copenhagen Call” encourages businesses around the world to adopt a treaty which will help reach GHG reduction targets in 2020 and 2050, and cut global emissions by at least 50% by 2050…