Summary
IN the 1987 film Wall Street, ruthless stockbroker Gordon Gekko famously declared: 'Greed is good.' Now, in a new slant, Britain's business moguls might be heard to say: 'Green in good.' An estimated 1,250 private equity funds in Britain are focused on green projects. On top of this the carbon dioxide emissions industry raised Pounds 830 million in 37 separate transactions on the Alternative Investment Market, making London the world leader in environmental investment.
Andrew Wallace, the London Stock Exchange's market product manager, says: 'Aim has hosted 67 new energy deals against 18 on London's main competitor, Nasdaq. And there has been a dramatic increase in overseas companies listing on Aim.' Wind power and ethanol, which is used for biofuel, turned out best for investors. The top performer in 2005 by far was Clipper Windpower, which develops wind farms in the US. Clipper more than doubled in value to Pounds 490 million, with shares jumping more than 75 per cent in July alone when it announced a joint deal with BP to develop five wind farms.See the full content of this document
Extract
Forget Greed,Now Green Is Good
But most of the money has gone into two subsectors biofue...
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