Greenpeace released version five of their Cool IT leaderboard that rates IT companies on their climate solutions, energy impact and political advocacy. Overcoming Cisco, the winner from the last year, Google has taken the top spot as the leader in …

Google wants to save the world, and the company isn’t going about it in a halfhearted manner; according to a new announcement, Google will put hundreds of millions of dollars towards “a new strategic initiative to develop electricity from renewable energy sources that will be cheaper than electricity produced from coal.”

Google is exploring the use of a variety of forms of renewable energy in an effort to reach its goal of creating 50 megawatts of renewable generating capacity for its operations by 2012.