[lbo-talk] The Greening of Goldman Sachs

jmhayes at j-o-r-d-a-n.com jmhayes at j-o-r-d-a-n.com
Tue Jan 3 18:09:54 PST 2006


The Greening of Goldman Sachs

By Traci Hukill

AlterNet.org

Tuesday 03 January 2006

One of the world's leading investment banks concedes there are real financial costs to ignoring the environment - and they don't intend to get stuck paying them.

Last year the investment bank Goldman Sachs acquired a portfolio of mortgages in default that involved a remarkable piece of land in Tierra del Fuego, Chile. The wild, starkly beautiful island on the far tip of South America is a haven of biodiversity, home to old-growth beech forests and a unique network of peat bogs. So when the bank donated all 680,000 acres of the property - an area about a third the size of Yellowstone - to the Wildlife Conservation Society in trust to the people of Chile, it was a boon to ecological preservation.

[ ... ]

http://www.truthout.org/issues_06/010306EB.shtml



More information about the lbo-talk mailing list