BIGGEST NEWS of the Day NY TIMES REPORTS
Venture Capital Rushes Into Alternative Energy
By MATTHEW L. WALD
Published: April 30, 2007
Money is flowing into alternative energy companies so fast that “the warning signs of a bubble are appearing,” according to a report on investment in clean technology by a New York research firm, Lux Research. Matthew M. Nordan, president of Lux, said that the amount of venture capital put into clean energy investments last year was $1.5 billion, up 141 percent from the $623 million of 2005, and that in the same period, initial public offerings by companies in this sector rose to $4.1 billion, from $1.6 billion in 2005. The investment is driven by fear that the peak of oil production is approaching, he said, and by the possibility of new taxes or other restraints in an effort to curb global warming gases, principally the carbon dioxide that is given off by burning fossil fuels. Still, the promise seems enormous. “The secular trends are in place, and that’s what’s driving the investor,” Mr. Nordan said.
By MATTHEW L. WALD
Published: April 30, 2007
Money is flowing into alternative energy companies so fast that “the warning signs of a bubble are appearing,” according to a report on investment in clean technology by a New York research firm, Lux Research. Matthew M. Nordan, president of Lux, said that the amount of venture capital put into clean energy investments last year was $1.5 billion, up 141 percent from the $623 million of 2005, and that in the same period, initial public offerings by companies in this sector rose to $4.1 billion, from $1.6 billion in 2005. The investment is driven by fear that the peak of oil production is approaching, he said, and by the possibility of new taxes or other restraints in an effort to curb global warming gases, principally the carbon dioxide that is given off by burning fossil fuels. Still, the promise seems enormous. “The secular trends are in place, and that’s what’s driving the investor,” Mr. Nordan said.
Read the entire report: CLEAN TECHNOLOGY" TAKES OFF WITH $48 BILLION IN 2006 FUNDING, BUT ENERGY TECH BUBBLE LOOMS
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