Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Green Ink: Enviromaniacs and Peak Caviar
Posted on August 07, 2008
Bears have stormed into the oil market, which is now ignoring supply shocks like Nigeria and exploding pipelines in Turkey, Bloomberg reports, as oil settles under $120. But since oil is a lot higher than a year ago, so is natural gasin the U.K. especially. So power companies there are warning of big electricity-price increases, the WSJ reports (sub reqd.). One solution: a solar-power boom that lets homeowners resell electricity at a profit, also in the WSJ (sub reqd.). Too much of a green thing? The NYT reports on a green dictatorship in Germany, where solar-power holdouts face heavy fines.Se...
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