Word: cleantech
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Dates: during 2006-2006
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...Clean tech is gaining traction. In the first half of this year it has attracted $1.4 billion in venture funding, almost twice the amount invested in the first half of 2005, according to the CleanTech Venture Network, an industry-watcher. In May, NASDAQ launched its Clean Edge U.S. Index to follow 47 publicly traded clean-energy stocks. Institutional investors are finally catching on, too. Investment banks, hedge funds and state pension funds like CalPERS (the California Public Employees' Retirement System), which has put $700 million toward renewable energy technologies, have helped make clean energy tech's fastest-growing sector...
...chair and a contributor to Proposition 87, a statewide initiative that would impose a tax on oil companies for drilling in California - and use the $4 billion raised over 10 years to fund the development of "cleaner" and "cheaper" energy. "Proposition 87 is 100% a subsidy," says Cleantech blogger and energy investor Neal Dikeman, who is opposed to Prop. 87's call for the creation of a new state bureaucracy spending $4 billion on "an undefined bunch of renewable programs," and prefers that the money come from California's General Fund or by raising taxes. Khosla maintains that Prop...