Alternative Energy Lures Pension Funds as Oil Soars

Source: Reuters (5/22/08)

According to the National Venture Capital Association (NVCA), the so-called 'CleanTech' sector boasts the highest growth in venture capital investments in the last five years.

Record oil prices are drawing money from U.S. pension funds into an array of alternative energy investments, stoking concerns of a possible bubble.

The exposure of pension funds and other institutional investors to alternative energy projects is small but growing with investments in geothermal to hydro, wind, solar, biomass, tidal energy and landfill gas.

According to the National Venture Capital Association (NVCA), the so-called 'CleanTech' sector boasts the highest growth in venture capital investments in the last five years.

High oil prices could accelerate the trend.

"Not only us, but also other pension funds are looking at alternate energy sources. Obviously, it's driven by the cost of oil," said Stanley Mavromates, chief investment officer of Massachusetts' $53 billion pension fund, which has less than $530 million invested now in alternative energy.

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Source: Streetwise Reports (07/13/2020)

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Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

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Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."