27 May '12, 2am

Goldman Sachs Announces $40B In Clean Energy Investments | Care2 Causes

Goldman Sachs Announces $40B In Clean Energy Investments | Care2 Causes

If there are any lingering doubts that solar, wind, hydro, and biofuels, represent the future of the energy industry, this should dispel them: the infamous Goldman Sachs plans to invest $40 billion in these and other clean energy sources over the next 10 years. Given the bank’s scandalous history of risky lending, fraud , and government manipulation, it’s hard to believe that the decision comes from a sudden sense of altruism toward the planet or guilt over the oil and gas industry’s exploitative practices. Instead, it’s a move driven purely by the quest for profit, or what Goldman Sachs calls an “emerging opportunity we think will be quite large.” This should serve as a wake up call to those in both government and private industry who claim that alternative energy will never be as practical and affordable as fossil fuels. Goldman executives are confident that demand for a...

Full article: http://www.care2.com/causes/goldman-sachs-announces-40b-i...

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