Concern about the global economy has Wall Street tumbling today, but not all the market news is quite so scary. Consider the profit expectations for aluminum maker Alcoa Inc.
Bloomberg says Alcoa, which has a large presence next door in Blount County, may report that its second quarter profit more than doubled on rising global demand. Alcoa is benefiting from the growth of companies like General Motors and Airbus.
If anyone questions the value of a company making green investments, ask them if $7 billion is an adequate ROI.
That’s the net profit Dow Chemical, which has a plant in Knoxville, reports it has earned from investing $2 billion in energy efficiency projects. Since 1994, the company has found ways to save 1.8 quadrillion British Thermal Units of energy.