Too big to fail vs. too dumb to adapt
30 Aug 2010New York Times has a history of running environmental stories about 2-6 years after they begin.
Nonetheless, this is a great article on some of the nation's largest banks rejecting or withdrawing financing for mountaintop removal of coal and other environmental destruction. I am taking a lot of entrepreneurship courses right now and I will donate some MBA wisdom to the likes of Massey Energy (one of the main mountaintop removal companies);
If the big banks (none of whom are really known for risk aversion) are unwilling to loan your balance sheet rich business money due to how you make your profit, it might be time to alter your business model.
http://www.nytimes.com/2010/08/31/business/energy-environment/31coal.html?hp
http://www.carbonprinciples.com/
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