Dirty downside of cheaper oil

Enthusiasm for cleantech has fallen in line with the cost of energy-related commodities, Matt Levin reports

CLEAN CORRELATIONVenture dollars invested in cleantech have increased in tandem with the price of crude oil, and, to a lesser extent, natural gas

Quarter Venture Crude oil Natural gas
cleantech futures, first futures, first
investment day of quarter day of quarter
2007, Q2 $578m $65.94 $7.67
2007, Q3 $886m $71.09 $6.76
2007, Q4 $708m $80.24 $7.05
2008, Q1 $1.2bn $99.62 $7.85
2008, Q2 $887m $100.98 $9.72
2008, Q3 $1bn $140.97 $13.50
2008, Q4 n/a $98.53 $7.72