Goldman Sachs settles well on sub-prime debacle

At a time when the financial services sector is again facing global scrutiny over its ethics, there’s news that investment banking giant Goldman Sachs has agreed to pay $5.1 billion to settle accusations of wrongdoing associated with a previous ethical "lapse" - the 2008 financial crisis. That might seem a big fee but the devil of its settlement is very much in the details according to The new York Times. “Buried in the fine print are provisions that allow Goldman to pay hundreds of millions of dollars less — perhaps as much as $1 billion less — than that headline figure. And that is before the tax benefits of the deal are included.” 

No nuclear future for the US?

It wasn’t so long ago that energy industry experts were touting nuclear power as the only realistic alternative to our fossil fuel dependence. Not so anymore. NPR reports that renewable energy supplies “are so cheap in some parts of the country that they're undercutting the price of older sources of electricity such as nuclear power.” Gas power plants still remain the biggest bane for the nuclear industry but renewable energy is “so cheap in some parts of the U.S. that it's even undercutting coal and natural gas,” NPR notes.

Tom’s of Maine wants consumers to trash the trash

On to household waste now and marketing news that natural personal care brand Tom’s of Maine is teaming up with TerraCycle in the hope of inspiring consumers to reduce waste in their homes and local communities. The #LessWasteChallenge brand campaign collaboration offers tips and advice on domestic waste reduction and includes an online pledge where “consumers can commit to reducing household waste by one pound per week,” Drug Store News reports.

Whole Foods to launch zero waste store

Sticking on the waste beat Fast Company reports that Whole Foods is planning a new budget store that will be zero waste in an attempt to appeal to Millennials. “Any leftover food will go to food banks, and scraps will be composted. All of the lights are LEDs. Refrigeration cases that run on CO2 will (ironically) have a much lower carbon footprint than typical refrigerators, and 25% of the waste heat from those units will be recaptured and reused,” it writes. The store, in Los Angeles’ Silver Lake neighborhood will take aim at competitor Trader Joes, “a place where it's possible to buy a single shrink-wrapped cucumber or potato,” Fast Company writes.

Great green ideas?

Finally today, Edie offers this round up of new sustainability innovations - some more plausible than the others it must be said. Profiled are triple-hybrid solar systems combining geothermal, photovoltaic and solar thermal power generation and edible cake packaging. There’s even a stationary bike that doubles as a washing machine. That’s quite a spin cycle. 

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