Goldman Invests in Market-Driving Global Warming Solutions

Goldman pledged to invest $1 billion in renewable energy projects, establish an environmental policy think tank and research the environment.

Published: 30-Dec-2005

NEW YORK (Reuters) - Goldman Sachs Group thinks it can battle global warming, not by hugging trees, but by doing what comes naturally to a Wall Street powerhouse: trading.

Goldman last month joined a growing list of investment banks, under pressure to withhold funds from projects that boost greenhouse gasses, that have promised to help protect forests and fend off global climate change.

Yet while advocates for the environment usually talk of curbing development, Goldman Sachs insists it can promote "green" policy through the capital markets and investments.


2006 Bugatti Veyron 16.4 is powered by an 8-liter, 16-cylinder engine that produces some 1,000 horsepower and 950 foot-pounds of torque, delivering 0-188 mph in 14 seconds.

Greenland ice cap breaking up at twice the rate it was five years ago, says scientist Bush tried to gag. Photo Credit: E Wesker.

CO2 emissions information is already required on all new cars in Europe; a 2005 California law mandates similar information be provided on all cars starting in the 2009 model year.


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