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Green Gets Red Light.(International Edition; VENTURE CAPITAL)(clean technologies )(Brief article)
Byline: Barrett Sheridan
As oil shot up to $150 a barrel last year, venture capitalists (VCs) poured money into clean technologies like NASA-caliber fuel cells, on the belief that their costly, sci-fi-inspired advances would remain competitive even if oil fell to $50 a barrel. Now that it has, closing at $52 last week, VCs are showing just how committed they are to the green revolution: not very. While VC investments were down 47 percent overall last quarter, investments in clean tech fell by 84 percent --the sharpest drop for any ...
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Source: HighBeam Research, Green Gets Red Light.(International Edition; VENTURE CAPITAL)(clean...