Three Things Goldman Sachs' $40B Greentech Investment Means

Three Things Goldman Sachs' $40B Greentech Investment Means, and Two it Doesn't

Three Things Goldman Sachs' $40B Greentech Investment Means

Goldman Sachs Tower photo via Bigstock Goldman Sachs’ Investment in Green Tech More than any other investment bank, Goldman Sachs (NYSE:GS ) is famed for its skill at picking good investments. Last week, the bank announced it would invest another $40 billion in green technologies over the next 10 years (or an average of $4 billion a year.) While this is a drop from the $4.8 billion invested in 2011, the last time Goldman Sachs made a commitment to green tech was 2005. The $1 billion pledged then ended up as $4 billion in direct investments of Goldman’s own money, and another $24 billion of financing arranged by the bank. What the Investment Means We can draw several insights from Goldman’s announcement. 1. The announcement is public relations (PR) Since the $4 billion per year pledged is less than what Goldman is already investing, this is not a new commitment, or a stretc...

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Three Things Goldman Sachs' $40B Greentech Investment Means, and Two it Doesn't: Tom Konrad CFA Goldman Sachs ... [link]
@cleandurt » 08 Jun '12, 12pm
Three Things Goldman Sachs' $40B Greentech Investment Means, and Two it Doesn't [link]