Sunday, February 15, 2004
Clean energy part of `Green Wave'
Environmental technologies make economic sense, so much so that the Treasurer of the State of California has announced plans to invest pension money as part of a `Green Wave' initiative. With $1.5 billion of the state's pension money being invested in environmentally screened funds and financing to develop clean technologies, Angelides hopes to not only profit from positive growth in this sector, but also help generate job growth. The economic advantages of taking an ecocentric energy path are becoming clear to a widening circle of investors and financial professionals.