17.02.2009 - Crisis slowing investment in renewables: IEA
From Reuters: Economic slowdown and the recent collapse in oil prices is slowing investment in alternative energy, needed to wean the world off dependence on hydrocarbons, the International Energy Agency (IEA) said on Monday. IEA Executive Director Nobuo Tanaka told Reuters in an interview the sharp decline in the oil market, which has seen prices collapse by more than 70 percent from a peak of almost $150 per barrel last year was also slowing the search for new sources of oil as existing fields were depleted..... Full Article: Source
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