June 16th, 2006
Somehting to ask, if a national company wanted to develope and implement an alternative energy resource, why wouldn't banks want to help?
Recently I came accross an article, http://www.enn.com/alt.html?id=504, that tells a sad story, China, India and Brazil wished to retrofit thier wasteful energy technology to decrease waste by as much as 25%, but banks have been sluggish to loan money to companies and countries that wish to do this. All I can ask is Why?
Profit wise, energy use reduction could decrease the cost of maintaining an infrastructure and increase money in the bank. But alas it seems even the banks are having a hardtime ignoring Big Oil. Big Oil finances partially through banks and could possibly set standards that banks cannot favor a competitive edge.
Is it just me or does this seem a little illegal. So I did a little research, and found that very few companies that have innovative ideas in the alternative energy market are normaly shunned by banks and have to aquire thier startup money somewhere else.
Its like asking a bank to loan money for drug use, they just don't do it.
I have a message to the banking industry, if the world's oil supply evaporates tommorrow, will you then think about loaning a few bucks to industry that wants to save money and make faster payments?
June 21st, 2007 at 9:29 am
It’s all for the eye, do you know eye candy ? well energy saving, pollution and everything tends to be political, drawing the attention only. It’s a sick world
June 26th, 2007 at 10:40 am
Banking industry has a long term strategy: making more and more money. Today, the big bucks come from Oil business, tomorrow, well we’ll have to wait till tomorrow.
July 4th, 2007 at 8:05 am
People it’s time to change, look at our planet it’s so messed up, please stop polluting and start caring because it’s the life and health of your next generation.
October 3rd, 2007 at 7:04 am
All i can think is that are certain “influences” from outside… who are getting something out of this deal.