The mainstream business press, always eager to say “We told you so” and “history will repeat itself,” appears quite eager to announce the demise of cleantech and all the associated buzz it carries. The bubble is bursting, they say. The return to cheap oil will kill the green movement, they declare. They point to some weakling companies in the cleantech sector that are struggling, or to the dramatic drop in sector stock prices, and say cleantech’s days are numbered. A front-page business story today in Canada’s Globe and Mail features the headline: “Has the sun set on cleantech?” Apparently financial investors are giving up on cleantech and, like the dot-com bubble, it’s all about to burst.
Such pronouncements are getting rather tired. Continue reading Talk of bursting cleantech bubble getting tired