Funding for Clean-tech Firms Plunges 33% in '09

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Margaret Bassett

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An annual survey released Wednesday found that worldwide venture funding for clean-tech companies dropped to $5.64 billion in 2009, compared with a record $8.47 billion the year before. The survey, by consulting firms Deloitte and the Cleantech Group, counted 557 financing deals, down from 567 in 2008.

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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.