Monday, December 3, 2007

War on Global Warming

AlterNet has a link to a Nation article by Naomi Cline about the weapons industry and environmentalism.

In the world of venture capitalism, there has been a race going on between greens on the one hand and guns and garrisons on the other -- and the guns are winning.

Anyone tired of lousy news from the markets should talk to Douglas Lloyd, director of Venture Business Research, a company that tracks trends in venture capitalism. "I expect investment activity in this sector to remain buoyant," he said recently. His bouncy mood was inspired by the money gushing into private security and defense companies. He added, "I also see this as a more attractive sector, as many do, than clean energy."

Got that? If you are looking for a sure bet in a new growth market, sell solar, buy surveillance; forget wind, buy weapons.

No comments: