The fight over Proposition 23, the California ballot initiative that would suspend the state’s landmark global warming law, has spawned some unusual political alliances. Mainstream environmentalists, venture capitalists, labor unions, tech chieftains and even some Republicans have all made common cause to oppose the measure, which is backed by two Texas oil companies.
At the Renewable Energy Finance Forum-West, energy bankers said that clean technology segment leaders should be able to IPO successfully and that energy efficiency is an attractive sector. But they also predicted that oil companies will scale back their investments in wind energy and that the availability of capital will remain limited in the short term.
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