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Wed Oct 23, 2019, 02:31 PM

Ex-Tennessee Gov. Bredesen introduces renewable energy firm

NASHVILLE, Tenn. (AP) A new business venture by former Tennessee Gov. Phil Bredesen takes on global warming by helping companies fund solar panels in communities with dirty-power electric grids.

The Democrat plans to introduce Clearloop on Tuesday at a conference headlined by former New York Mayor Michael Bloomberg. It's Bredesen's first big public foray since losing a U.S. Senate bid last year. Former campaign staffers Bob Corney and Laura Zapata are teaming up with him in the company.

Clearloop will offer short-term agreements that enable companies to compensate for their carbon emissions impact by paying to fund new solar panels in communities with the dirtiest electric grids.

The agreements would offset companies' carbon footprints, either product by product or service by service. The companies' labels can then feature a symbol customers can use to track their purchases to the corresponding solar panels built.

Read more: https://brookingsregister.com/article/ex-tennessee-gov-bredesen-introduces-renewable-energy-firm

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