Wall Street Finance and Green Tech

I just discovered a web site on cnet called Green Tech Blog. The first post I came across is fascinating, stating that:

[T]hree financial titans--Citigroup, J.P. Morgan Chase, and Morgan Stanley--announced "The Carbon Principles" to provide guidance to energy companies in managing carbon risks. The upshot of The Carbon Principles is that these big banks are stating explicitly that going forward, they will only provide debt financing to new power projects if proponents can prove that the proposed plants will remain economically viable under future climate change policies.

Apparently, these companies see action to reduce carbon emissions at the federal level as imminent, and they want to be sure that investment in the energy market reflects this perception. Read the rest here.

This is a blog to keep an eye on. There were half a dozen posts just from today, and two from Friday.