More good news for renewable energy supporters. This morning we learned that the European Investment Bank has issued an $848 million “green bond” which it will use to finance energy efficiency and renewable energy projects in Germany and France. I suspect that with the Germans getting so aggressive on offshore wind, Siemens (NYSE:SI) is likely to benefit from new projects getting financing through the “green bond.”
Do fracking operations cause earthquakes? Not necessarily, according to a new study published in the journal Science. However, a byproduct of the fracking process can destabilize fault lines near fracking sites, thereby creating the perfect conditions for earthquakes. But is this enough to put the kibosh on fracking altogether? Not a chance. Click here to see why.