Ripe for the picking!
Big business fears that the fight against climate change will cost them billions are now giving way to a different view: green can be the color of money.
The United States, Europe and Japan are locked in a frantic race to cash in on the exploding business of saving the planet. London has become the center for the multibillion dollar market in carbon emissions, attracting investors who trade CO2 allowances.
To distill it down, businesses understand what suckers climahysterics are, and are going to cash in on it. I’m tempted to invest in them myself. Nothing like sucking the money out of gullible liberal pockets. Just ask Michael Moore!
Silicon Valley is leading the way in attracting venture capital for green technologies that shows signs of duplicating the dot-com boom — and critics say eventual bust — of the 1990s. And Japan’s Toyota has sold more than a million Prius hybrid models, its cutting-edge eco-friendly car. Like all markets, the clean energy industry faces risks.
I reckon’ the word "bust" is rather mild for what happened with the dot-com’s, the decline of which was part of the reason for the short lived recession that began around 2000 and ended in 2003 (thanks to the tax cuts.) Sooner or later, people will realize that it is easier to simply flush their money down the no-more-then-3-gallon-by-law toilets. Or, in the case of the really far out wacko’s, dump it in the "chemical toilets" they prefer.
“There’s a lot of money chasing not so many ideas, so the prices are going up fast, raising some concern that this activity by venture capitalists and hedge funds could produce the next dot-com bust,†said Dlugolecki.
There will be plenty of suckers out there for them, though!
On a serious note, I would much prefer that all that money went into doing things that would actually benefit the environment.
