7 Jul 2008

Going green? Maybe when there's money in it

CLIMATE change is going to make investors act in different ways: that's the new logic … and it's true, but not in the way you might think.

Yes, powerful investors were listening to Professor Ross Garnaut's warnings on the release of his climate change report but what they heard loud and clear was the world's "higher energy costs".

No, investors were not rushing into green stocks, they were rushing into fossil fuels and the equally problematic energy source of uranium.
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