Investors Are Now Profiting From The Fear Of Climate Change
Business Insider: 'The last big thing was green tech – from wave-power generators to the smart grid. It was hyped in the bipartisan stimulus bill, promising gobs of jobs, billions in revenues, and untold riches through the eventual market capitalization of these outfits. Private investors plowed in billions too. It ended up in a massive pileup of capital destruction. Fatalities were everywhere.'
‘One was Solyndra that – after devouring close to $1 billion, including $385 million from the Federal Government and $25 million from nearly bankrupt California – declared bankruptcy in 2011. There were scores of other boondoggles’ — ‘For now, it’s the fear of climate change that is the next big thing, and they’re all scrambling to get their slice of that pie’
