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DiCaprio Backs Solar Firm Offering Low-Cost Clean Energy to Rural Communities
Actor and environmental activist Leonardo DiCaprio has joined Kingo—a Guatemala-based business that provides low-cost solar energy kits for off-grid communities—as an investor and member of its board of advisors.
"Solar power is key to a future without fossil fuels, and Kingo's technology will help enable broad use of clean energy across the developing world," DiCaprio said in a statement. "I am proud to invest in Kingo as they seek to eradicate energy poverty, and I look forward to serving as an advisor to the company."
Kingo offers a range of pay-as-you-go kits consisting of light bulbs, photovoltaic panels and a battery that can store electricity generated during the day.
Its prices are competitive compared with the cost of buying candles every day, and also eliminate the need for polluting alternatives such as kerosene and diesel. Users do not have to pay installation fees or maintenance costs.
Since its founding in 2013, Kingo has serviced more than 60,000 households around the world and has installed around 7,000 new systems each month, the company touts. Its mission is to help provide clean, affordable energy for the 1.2 billion people worldwide who do not have access to the power grid.
"Seventeen percent of the world's population still lacks access to power. Access to electricity represents one of the biggest restrictions for progress, as it is the base for all productive activity," Kingo founder and CEO Juan Fermín Rodriguez, who grew up in Guatemala, said in an interview last year.
"We aim not only to eradicate the lack of access to electricity, but also to play a spearheading role in the transition from the world's energy consumption in becoming 100 percent renewable."
To date, Kingo has raised $25 million in several equity and debt rounds led by prominent investors and institutions, including the largest utility in Europe (ENGIE Rassembleurs d'Energies), one of the largest utilities in Latin America (FCP), PeopleFund, the Dutch Development Bank, the French Development Bank and the Inter-American Development Bank. DiCaprio's investment amount was not disclosed.
"We are honored to have
Leonardo DiCaprio, someone who is seriously committed to addressing climate and environment-related causes, invest in Kingo and join our board of advisors," said Rodriguez in a statement.
"Leo will help advise Kingo as we work to achieve growth through expanded R&D capabilities and new market entry strategies. We remain committed to developing innovative solutions to the 1.2 billion people who currently live in the dark."
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Tyson Foods Recalls Nearly 70,000 Pounds of Chicken Strips After Customers Find ‘Fragments of Metal’
Tyson Foods is recalling approximately 69,093 pounds of frozen chicken strips because they may have been contaminated with pieces of metal, the U.S. Department of Agriculture (USDA) Food Safety and Inspection Service (FSIS) announced Thursday.
The affected products were fully-cooked "Buffalo Style" and "Crispy" chicken strips with a "use by" date of Nov. 30, 2019 and an establishment number of "P-7221" on the back of the package.
"FSIS is concerned that some product may be in consumers' freezers," the recall notice said. "Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase."
Environmental exposure to pesticides, both before birth and during the first year of life, has been linked to an increased risk of developing autism spectrum disorder, according to the largest epidemiological study to date on the connection.
The study, published Wednesday in BMJ, found that pregnant women who lived within 2,000 meters (approximately 1.2 miles) of a highly-sprayed agricultural area in California had children who were 10 to 16 percent more likely to develop autism and 30 percent more likely to develop severe autism that impacted their intellectual ability. If the children were exposed to pesticides during their first year of life, the risk they would develop autism went up to 50 percent.