Green Energy Brings In The Dough

Fortune:

Venture investment in energy technology firms reached new highs this year, more than tripling the investment recorded for 2005, according to data released Wednesday by Thomson Financial and the National Venture Capital Association.

In the first three quarters of 2007, nearly $1.7 billion, or 7.4% of U.S. venture capital investments, was put into American companies developing technologies that conserve energy and resources, protect the environment, or eliminate harmful waste. The majority of this year's clean technology investment was made in companies based in California, Massachusetts, and Texas, with the solar energy and biofuel industries receiving the bulk of the investment dollars.

Read the whole story: Fortune

Comments

[GLOBALISATIONisBARBARISM]

Oh, what a sorry, pathetic clod that guy Tetzel has been, who five hundreds years ago so irated Luther to bring about what later became on of the nails to the coffin of medieval feudalism.

He didn't know business: THIS IS THE WAY INDULGENCES ARE TRADED.

Biofuels, what a noble business ... (Well, the "macacas" of this world, of course, the chicanos and all the rest of the wogs, meanwhile, are "crowded out" from the food consumer markets -- we all sigh, pledge concern, call the UNO to enhance their "millenium goals", but then, -- someone should remind them that life is tough...) We turn around and enjoy ....

AN EASY GREEN CONSCIENCE, - what a great productive force! And some people call this a "bubble"?! - SLANDER!

Wait to see all the evangelicals go crazy over it. There is no longer any need for them to be reactionaries. This is the way to be HIP while insane.

[mamacat]

While British Petroleum spends billions investing in alternative energy technology, Exxon (aka American Petroleum) spends 100s of millions bad mouthing and blocking alternative energy. Go figure.

[mrcontinental]

Well what do you know, it would appear that we have found the NEW BUBBLE to replace the housing bubble which replaced the dotcom bubble which...