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The credit crunch and its impact on green projects
Posted on October 14, 2008
There have been a number of good stories and blog postings about the extent to which the credit crunch and its economic downside will hurt renewable energy projects and act as a drag on cleantech financing. Here's my own take on how things are playing out in Ontario.Obviously, it doesn' t help that oil has fallen back to the $80-a-barrel range. And obviously, some projects will be squeezed more than others given the flight to quality we expect to see. Already we're seeing some hesitation from U.S. politicians about placing a value on carbon or advancing cap-and-trade schemes. The same di...
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