Cowboy capitalists promote slime in your gas tank to curb carbon emissions

authordefault
on

Two San Francisco Bay area investors – having trolled through the dizzying world of renewable fuels from wave power, to hydrogen fuel cells, to lithium batteries, to cow manure for making methane –recently launched their own company, LiveFuels Inc., to find an energy-efficient way to convert algae into fuel.

They are among hundreds, if not thousands, of start-ups in the alternative-energy business, some so tiny they are run out of home basements. But the bigger ones are beginning to take off. A handful is now building at least three demonstration plants to convert wood chips and grasses into ethanol in the United States and Canada.

Meanwhile, U.S. venture capital flowing into clean energy leapfrogged to more than $2.4 billion in 2006, more than double that invested in 2005, and more than triple from 2004, according to Clean Edge, a research and consulting firm. The numbers are small compared with the research budgets of the big oil companies, but the ascent of venture capital in renewable energy has reminded some Silicon Valley venture capitalists of the early flow of money into the Internet in the mid-1990s.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

on

Importing fracked gas during a trade war undermines Canada’s energy security, environmentalists warn premier.

Importing fracked gas during a trade war undermines Canada’s energy security, environmentalists warn premier.
on

The multi-millionaire Brexit funder has claimed “CO2 and climate change is the ultimate hoax”.

The multi-millionaire Brexit funder has claimed “CO2 and climate change is the ultimate hoax”.
on

The appointment of Filip Turek to a new rapporteur position is a “disaster” for the integrity of EU climate policy, say campaigners.

The appointment of Filip Turek to a new rapporteur position is a “disaster” for the integrity of EU climate policy, say campaigners.
on

On stage at a PragerU fundraiser, the Alberta premier, under fire for allegedly encouraging U.S. leaders to influence Canadian politics, said 'I come in peace'.

On stage at a PragerU fundraiser, the Alberta premier, under fire for allegedly encouraging U.S. leaders to influence Canadian politics, said 'I come in peace'.