Forget Monorails! The New Snake Oil for Economic Development is Green Tech and Clean Energy!

Green tech and clean energy is the new snake oil – and is increasingly being pushed in Ottawa and other communities as “the future of technology” and the source for attracting venture capital,  private investment and driving  massive economic growth…  However the facts paint a different picture!

Venturesource reports steady declines in Venture investment in the green tech and clean energy sectors, with $189 million of Venture Capital invested in 15 deals during the first quarter, down 59 percent from the $457 million invested in 24 such deals last year.    This is in comparison to ICT investments, which even in the worst of times are still almost 10 times greater for the same period!

Clean Energy, Green Tech – it walks, talks and looks like a Monorail –


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