September 17, 2008

How Will Lehman’s Collapse Affect the Environment?

I’m still trying to wrap my head around an email a good friend who used to work at Deutsche Bank sent to me to explain how Lehman’s collapse could affect the everyday person. But another consideration is also how it will affect the environment? I stumbled upon a potential answer to both questions in reading a discussion on this via reliable Grist. Writer Tom Philpott suggests that the federal government, and therefore the taxpaying public, will be responsible for billions of bailout funds. “Money that might have gone into investing in energy-saving public transportation infrastructure, or building a carbon-light electricity grid, will now go into cleaning up the messes created by a few bankers and mega-fund managers.” Yikes. Click here for the full article.

Read 1 Comment and Reply

Read 1 comment and reply

Top Contributors Latest

Lindsey Wolf  |  Contribution: 7,660