Before I get into the investing portion of this post, I want to wish you a very happy Halloween! We’ve been gearing up for weeks here in the Halloween capital of the world, Salem, Massachusetts. The town is packed with revelers from all over the country and tonight is sure to bring lots of bewitching fun. I hope you have a fun and safe holiday!

—

This week has brought several news items on the Green front …

Earlier this week, Fisker revealed its plans to convert a defunct General Motors plant in Delaware into a facility to build plug-in hybrid electric cars. GM closed the plant as part of its post-bankruptcy restructuring and Fisker’s plan will be the first major redevelopment of a piece of the old automaker.

Fisker, based in California, touts itself as “A Green American premium sports car company with a mission to create a range of beautiful environmentally friendly cars that make environmental sense without compromise.”

The company received a $528 million loan from the Department of Energy in September to speed up work on a  $48,000 hybrid car known as “Project Nina” and another hybrid, called the Karma, which will retail for $89,000. Fisker has stated that one of its goals is to bring the U.S. back to the forefront of the car industry and taking over the Delaware plant will be a good step in that direction.

You can’t invest in Fisker, as the company is privately held, but there are lots of other Green stocks related to the auto industry that satisfy our requirements for investment.

The U.S. Congress has been intensifying its debate on a bill that would help to curtail greenhouse gas emissions. According to one of the bill’s sponsors, Barbara Boxer, a Democratic Senator from California, the bill would allow Americans to have “home-grown energy rather than foreign oil” for mere pennies a day, in addition to cleaner air and economic benefits from new sources of power.

The bill strives to reduce air pollution and global warming by creating a limited marketplace for emissions permits and by subsidizing and financing for research encouraging business and industry to switch to wind and solar power (and other Green technologies) from carbon fuels.

While the bill does have some critics, others say that it will help create jobs while improving our environment. Already, $80 billion in the economic stimulus package has been distributed to Green energy programs.

In fact, my third piece of Green news relates directly to stimulus spending. On Tuesday, President Barak Obama was in Florida to announce a $3.4 billion investment in a new energy grid that will be better able to support the development of solar power, wind power and other Green electricity sources.

During his speech at the solar power plant in Arcadia, Florida, the largest of its kind in the U.S., Obama stressed the need for more funding to continue Green projects like the new power grid.

In his speech, he said, “We’re on the cusp of this new energy future. In fact, a lot of it is already taking place.”

Tomorrow: Find out how you can take advantage of the shift to Green …