Tuesday, August 21, 2007

Greenbacks in green investing

Green is good. At least that's the bet of an increasing number of investment fund managers, retirees and armchair stock pickers who are pouring billions into so-called green stocks, and not necessarily for the love of nature.

They're chasing lucrative returns from companies that promise new ways to recycle, power automobiles and harness the wind and sun. Many have had success.

Green investment funds that have been around for at least a year report double-digit gains for the past 12 months. The KDL Global Climate 100 Index, which tracks companies working to offset global warming or its effects, is up nearly 25 percent....

From the Monterey County Herald