posted by Danny DeMichele 1 year ago

Not a surpise at all, but as the economy gets tight, saving the planet goes by the way side. I understand that long term global solutions dont matter as much as eating next week, but we need to keep the cause alive to keep the earth turning. An exerpt from a good article I found today on the issue:

"Then-presidential candidate Barack Obama
was pledging to promote industries that are environmentally minded and
invest federal money in creating green technology. Americans, tired of
shelling out more than $100 at the gas pump to fill their oversize
vehicles, were turning to hybrids in droves.

This would all seem to benefit the scores of green companies that went public.But
the green wave has been volatile, returning profits over prolonged
rallies during boom times but falling particularly hard in recent
months.

In the second half of 2008, renewable-energy shares tanked. The
WilderHill Clean Energy Index, a collection of 51 green companies,
ended the year down 70 percent, compared with a 34 percent drop in the
Dow Jones industrial average."

Read full article, click here