Obama Considering Stimulus That Targets "Green" Spending

Bloomberg:

President-elect Barack Obama is considering a stimulus package that will include a heavy dose of spending on environmentally friendly projects aimed at creating "green-collar jobs" and saving energy.

While the package will focus on short-term outlays for traditional infrastructure projects to jumpstart an economy now officially declared to be in recession, it will also include longer-term measures to safeguard the environment.

"Clean energy is going to be a foundation for rebuilding the American economy," said Bracken Hendricks, an analyst at the Democratic-leaning Center for American Progress and an adviser to the presidential-transition team. Generating jobs in concert with cutting pollution will be "a major component" of any economic-recovery plan, Hendricks said.

Read the whole story: Bloomberg

Comments

[donbrown]

02:49 AM on 12/04/2008

Does anyone know if there is a list of "green" companies that are hot prospects to invest in?

Any brokers specializing in this field?

This is where the fortunes of the next decade will be made.