Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, May 29, 2012

Goldman Sachs Promises to Invest $40 Billion in Renewable Energy

Goldman Sachs Promises to Invest $40 Billion in Renewable Energy

Goldman Sachs (GS) have just announced that they plan to invest $40 billion in renewable energy projects over the next ten years. According to Reuters, renewable energy is “an area the investment bank called one of the biggest profit opportunities since its economists got excited about emerging markets in 2001.”They invested more than $4.8 billion in clean technology companies around the globe in 2011, so an average of $4 billion a year is actually a decrease, but GS see the potential for great profits as growing economies such as China,…Read more...

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