Many “environmentally correct” mutual funds are available, but many are not making much money. Yet they do have a bit of a following, which is good to see, unfortunately it appears many are not good business models and taking total advantage of the Green Media Hype, without making a profit or even providing that much “green” or environmental assistance to the reality of pollution.
Perhaps this article will help me illustrate my point: In the Napa Valley, CA Register:
Green business is a highly underrated opportunity for small business.The exploding opportunities for entrepreneurs continues to be in organic products, trash and recycling of garbage, and marketing to the “green lifestyle” clientele. So why is green in these days, and why do we know have an ever-expanding $280 billion green industry? One reason is the growing number of regulations that push our industries and communities to leave less of a “carbon footprint.” California has led the way with the passage of Assembly Bill 32 or the Global Warming Solutions Act, which mandates that the state lower its global warming emissions to 1990 levels by 2002.
So, it seems politicians are once again giving away money and of course, there are entrepreneurs lining up to take it, take it for all its worth. If all these companies were legitimate that is fine, but even this carbon-credit scheme, is questionable, as it gives folks that were never going to pollute in the first place, free money. You know, it just seems like a big Enron type trading scheme again, this time sanctioned by the government.
In the end all these carbon credits will act as a tax on all of society, raising cost of living, and who gets hurt? The poor who are working to make it to the middle class, which will be hurt worse. People and companies should not pollute because it is the right thing to do, not because someone is paying them, bribing then and giving them free money, our money, the taxpayer? We need to pay attention to what is going on here in the name of the environment, the Nobel Peace Prize Recipients and a huge contingency of Vulture Capitalists and their backers.
“Lance Winslow” – Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
December 14th, 2009 at 8:46 am
Rather than giving carbon credits, it will be better if more funds are available for research to make green options more economically viable for developing countries that have ambitions to grow but are also under pressure to reduce emissions.
Environment and energy related concerns represent huge business opportunities today. Some of those are listed here: http://bccresearch.blogspot.com/2009/12/energy-and-environment-related-business.html