BUSINESS BRIEFS
New manager at Tesoro refinery
Advertiser Staff
Tesoro Corp. appointed Al Anderson manager of its Kapolei Refinery, replacing Frank Clouse, who has become head of the company's refinery training excellence program.
Anderson comes to Hawai'i from Tesoro's Mandan, N.D., refinery where he served as manager for six years.
Tesoro previously has said it will make a number of changes at the 95,000-barrel Campbell Industrial Park refinery after the facility's losses pulled the San Antonio-based company into the red during the fourth quarter. The refinery is the largest in the state.
KAPOLEI CHAMBER TO INSTALL BOARD
The newly created Kapolei Chamber of Commerce will hold its first meeting Monday from 11:30 a.m. to 1:30 p.m. at the Kapolei Hale Atrium Courtyard, 1000 Ulu'ohia'a St.
Kapolei is one of the fastest-growing communities in the state and business leaders formed the chamber to encourage and facilitate growth in the area. Economist Leroy Laney will be the keynote speaker. The meeting also will include the installation of the chamber's board.
Mayor Mufi Hannemann and many Kapolei business leaders also are expected to attend.
BANK OF HAWAII SELLS VISA SHARES
Bank of Hawaii Corp. said it sold some of its shares in Visa Inc., whose $18 billion initial public offering last month was the largest ever.
In a filing with the Securities & Exchange Commission yesterday, the bank said it expects to increase its allowance for loan and lease losses but did not disclose the size of the allowance.
The bank said the events will contribute to a $7 million to $9 million increase in the company's first-quarter earnings.
FREE FINANCIAL ADVICE AT TAMARIND
Consumers can find out how to be more money-smart at tomorrow's "Financial Literacy Fair" from 10 a.m. to 1 p.m. at Tamarind Park at Bishop Square in Downtown Honolulu.
Exhibitors will offer a wide variety of free financial literacy information to the general public. Tamarind Park is at the corner of King and Bishop streets.
The state Department of Commerce and Consumer Affairs is sponsoring the fair, which will include information on investor education, tracking down unclaimed bank accounts, college savings, elderly issues and more.
GREENHOUSE GAS PROTOCOL ADOPTED
The state yesterday said it will participate in a new voluntary standard for reporting greenhouse gas emissions in North America.
The Climate Registry's new General Reporting Protocol is a comprehensive guideline outlining a common standard for reporting corporate, governmental and other greenhouse gas emissions data that is consistent across industry sectors and borders.
The General Reporting Protocol is significant because it defines how voluntary reporting entities calculate, verify and publicly report greenhouse gas emissions. The protocol document incorporates public comments from workshops conducted throughout North America.
Gov. Linda Lingle acted to make Hawai'i a founding member of the Climate Registry in April 2007. The registry includes 39 U.S. states, the District of Columbia, three Native American tribes, seven Canadian provinces, and six Mexican states, and is governed by a board of directors.
For more information, visit www.theclimateregistry.org.
