Credit Crunch Also Affecting Green Technology Firms

摘要

The green technology sector in Canada is suffering from the same credit crunch that has led to the financial troubles for some of the largest investment, advisers banks and insurance companies in the world, says an industry expert.rnDuncan Stewart, director of research, technology, media, telecommunications and life sciences at Deloitte & Touche LLP Canada, told Nickle' s Energy Group that the credit crisis has hit the green technology sector hard.rn"None of these companies could (borrow) a doubloonie if you gave them a loonie," he said. "It's not like oil isn't over $100 (U.S. a bbl), but people don't care about the environment or clean water when there's an economic crisis," he said.