The new green energy:
…as profits from wind, solar, biofuels and other alternatives consistently fell short of expectations — and as the fossil fuel business boomed — things got complicated. Venture capitalists and other investment funds started stretching the definition of clean technology almost beyond recognition in an effort to make money while clinging to their environmental ideals.
Today, clean technology investment funds are not trying to replace the fossil fuel industry, they’re trying to help it by financing companies that can make mining and drilling less dirty. The people running these funds acknowledge the apparent hypocrisy, but defend a more liberal definition of clean technology.
“Oil and gas will be with us for a long time. If we can clean that up we will do the world a great service,” says Wal van Lierop, CEO of Chrysalix, a Vancouver, Canada-based venture capital firm founded in 2001.
Shat a shock, that profits “consistently fell short of expectations.” Perhaps, like the president and his campaign-donating cronies, they had unrealistic expectations. Or more likely for the latter, they just expected the taxpayer to make up the difference.
Um… Shat a shock? As in, past tense of… well, TMI, in any case.
“He was so shocked he — “
“Perhaps, like the president and his campaign-donating cronies, they had unrealistic expectations. ”
Perhaps although I would say that the President does not have the wherewithal to express an informed opinion on the subject. Nor does he care about obtaining one as that’s not his focus in life.
Wait, I remember a(n idiotic) commercial that there’s no such thing as clean coal!