For Minneapolis and St. Paul to remain prosperous, we should learn from other cities, like Denver.
Energy + Environment
3M, which was among a group that in 2011 invested in Ecovative Design, has increased its investment by an undisclosed sum.
Xcel Energy was the highest-ranked Minnesota company on this year’s list.
Mosaic, one of Minnesota’s 10 largest public companies, said its revenue fell almost 30 percent last quarter; its stock, meanwhile, has dropped nearly 20 percent in 2013.
Minnesota Senator Amy Klobuchar and Representatives Collin Peterson and Tim Walz are among the 41 lawmakers sitting on the bicameral committee assigned to forge a compromise farm bill before the end of the year.
3M’s investment arm has purchased a minority stake in Takadu, a tech company that uses algorithms to identify problems in water systems.
The city fared well in a study that evaluated which actions municipalities are taking to cut energy use in buildings and transportation, among other areas.
The U.S. Export-Import Bank is considering funding a loan that would promote the exportation of U.S.-made equipment—but could aid Minnesota companies’ competitors.
Clear Harbor Investment wrote a letter last week to Northern Oil and Gas’ board of directors recommending the company repurchase 13 percent of its outstanding shares to improve its market value.
Already charged with 20 counts of conspiracy and fraud, the founder of Select Comfort is now being accused of witness tampering.
Boulder, Colorado’s City Council voted to approve an ordinance that authorizes the purchase of assets from Xcel Energy.
Xcel said it would explore new energy commitments to help meet the city’s goals; Minneapolis’ mayor responded positively, and it appears a November ballot measure regarding a city-run utility may be off the table.
Regulators have pledged to lower the level of renewable fuel use that will be required next year.
The company sold its air emissions control business, which helps plant operators meet requirements involving the use of fossil and renewable fuels.
The Wayzata-based company saw its annual and fourth-quarter profits skyrocket, following especially dismal financial results last year.
The Minneapolis City Council met Thursday to discuss forming a city-owned electric utility, but the Xcel Energy CEO is confident the city won’t make the transition.
A union representing former employees of Qwest, which merged in 2011 with CenturyLink, will now hold a vote on whether to ratify the proposed contract deal.
Although the deal likely won’t be finalized until 2014, the 100,000-square-foot building on Nicollet Mall is officially off the market, and the energy company hopes the new location will benefit its branding efforts.