Monday, November 26, 2007

As the Price of Oil Soars, Many Turn to Renewables

As the Price of Oil Soars, Many Turn to Renewables- Washington Post

Excerpt:

More and more people like Rainwater are joining the emerging green economy -- and many of them are doing it in the Washington area. While many companies in this region are doing small things to burnish their environmental credentials, a few companies like SunEdison are inventing new business models, coming up with new technology or arranging new financing on a large scale.

Doing that is not easy. Green businesses face many hurdles -- regulatory obstacles, technology limitations, high costs or simply old habits that prevent firms from thinking in new ways. But with the price of crude oil above $95 a barrel and worries about climate change mounting, there is more interest than ever in the field.

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