Goldman Bets on Cellulose
I’ve posted about Goldman, Sachs & Co. CEO Henry Paulson before. Now the company he leads is investing $27 million in developing cellulose ethanol technology. Cellulose has considerable advantages over corn and other sugar-based ethanol: cellulose ethanol is produced from agricultural waste, so it doesn’t compete with food crops,and it has far lower emissions.
No one becomes CEO of Goldman, Sachs without knowing how to make money, and I’m sure Mr. Paulson plans to make a good return on this investment. It should be noted, that he’s a big environmentalist Republican, having recently donated $100 million to conservation, and has come up as a possible replacement for current US Treasury Secretary Snow. This is a great example of Republican pro-growth principles merging with environmentally responsible industry.
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- Corporate Republicans Leading Green Revolution
- Ethanol Imports OK
- Ted Kennedy Blowing Hot Wind
- H-Prize for Hydrogen
- Republican Governors Fighting Pollution In Northeast
See that? Republicans CAN be environmentally friendly.