About Alternative Energy and Clean Tech
Alternative and renewable energy companies either directly produce energy from renewable or environmentally-benign sources, or develop and commercialize technologies and applications for the production of clean energy. Clean technologies (cleantech) are technologies that allow the economy to maintain and grow its output while neutralizing or minimizing adverse impacts on the environment. Cleantech includes innovations in a number of areas such as pollution control, water management, materials science and nanotechnology. Alternative energy, renewable energy and cleantech play an increasingly larger role in all areas of industry and modern life.
Well, this is discouraging. I read about Oregon Department of Transportation buying their solar panels from Solar World of Hillsboro and I thought how nice to be buying locally. Then I tried to invest in Solar World and discovered that they are not traded on US stock exchanges but on German DAX. Sigh.
It gets worse. Oregon offers businesses that relocate to Oregon a green tax incentive credit. Solar World bought property in Hillsboro from Wal-Mart and Flir, both times selling their tax credit to the companies that did nothing to promote environmentally sustainable business in Oregon.
I hope Solar World is at least paying taxes in Oregon and hopefully doing something positive for the local economy in Hillsboro and I hope their employees are making a living wage, with benefits, and not a bunch of temps.
This site looks like a good place to find green stocks that are doing something good for the American economy and environment and for the people who live here.
No comments:
Post a Comment