Three Things Goldman Sachs' $40B Greentech Investment Means, and Two It Doesn't

More than any other investment bank, Goldman Sachs (NYSE:GS) is famed for its skill at picking good investments. Last week, the bank announced it would invest another $40 billion in green technologies over the next 10 years (or an average of $4 billion a year.) While this is a drop from the $4.8 billion invested in 2011, the last time Goldman Sachs made a commitment to green tech was 2005. The $1 billion pledged then ended up as $4 billion in direct investments of Goldman's own money, and another $24 billion of financing arranged by the bank.

Source: http://www.renewableenergyworld.com/rea/news/article/2012/06/three-things-goldman-sachs-40b-greentech-investment-means-and-two-it-doesnt?cmpid=rss

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