This is "urgent action on climate"? If you say so, Mr. Gore.
If Generation Investment is a bit gun-shy on alternative energy, perhaps it is because of its catastrophic brush with First Solar.
SunTech has lost 82% of its value over the last year. Others in the Chinese solar panel business are not faring much better. Meyer Burger, a German solar company, lost 49.6% of its value over the last year. EcoSynthetix transforms "renewable resources into high performance biomaterials that replace petroleum based chemicals." What it does not do is convert investors into winners. Its stock has fallen about 60% since its initial public offering last summer. Landi Renzo helps convert cars from gasoline to natural gas. Its stock is down 25% over its one-year high.
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