News
Nov 03, 2008The Globe and Mail: “Geothermal energy stocks should recover steam if government support lasts”
CanGEA members Sierra Geothermal Power Corporation and Western GeoPower mentioned in this Globe and Mail investment news article.
Few industries have escaped the credit crunch, as access to borrowed funds has become severely curtailed. But one sector that should bounce back relatively quickly when conditions loosen is geothermal energy. That’s because the heavy government support in the U.S. for the business of tapping the earth’s molten core for power make it a safer bet, even in a prolonged downturn, than other industries. That is, as long as lawmakers remain interested in promoting alternative energy if oil prices stay low.
To read the full article: The Globe Investor: Geothermal
