May 22, 2006: Private Investment in 'Clean' Technologies Surging, Says Report
WASHINGTON - Venture capital investment in clean technologies last year reached an all-time high of $1.6 billion in North America, a 43 percent increase over the previous year, according to a report released by Environmental Entrepreneurs (E2), a group of business professionals focused on environmental policies based on economic merit.
As soaring energy prices and concerns about global warming exert pressure on public officials to find ways to curb America's oil dependence, says E2, the report highlights a sharp acceleration in the business community's support for clean, renewable alternative fuels.