Goldman Sachs Gets A Presidential Pat On The Head

President Obama took a little trip to a Bay Area Wal-Mart on Friday to tell Goldman Sachs that it’s doing God’s work. But it already knew that.

Goldman Sachs Group Inc.’s work financing and investing in clean-technology companies drew a mention Friday from President Barack Obama.

“We’ve got public banks like Connecticut’s Green Bank and private banks like Goldman Sachs ready to invest billions in renewable energy,” the president Friday said during a speech at a Wal-Mart in Mountain View, Calif….

“There was a community of people who were astonished (with that goal), and thought we’d never achieve that,” said Stuart Bernstein, global head of Goldman’s clean-technology and renewables group, who was on hand to hear the president’s speech. “But we’ve already gotten to $13 billion toward that target….”

On Friday, Goldman announced another target: $10 billion toward U.S. renewable-energy projects by 2021. The New York-based bank’s initiative was among the 300 private- and public-sector commitments the White House unveiled Friday to promote deploying solar power sources and energy efficiency.

Goldman’s Clean-Tech Activities Receive a Presidential Shout Out [WSJ MoneyBeat blog]

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Comments (7)

  1. Posted by Guest | May 13, 2014 at 2:09 PM

    Half day today?

  2. Posted by Craven | May 13, 2014 at 2:10 PM

    It's the old shazar suck and fuck.

  3. Posted by Shaz's beard | May 13, 2014 at 2:52 PM

    Was hoping Shazzy got deported

  4. Posted by Yemen | May 13, 2014 at 3:10 PM

    We don't want him.

  5. Posted by Boko Haram | May 13, 2014 at 3:22 PM

    We don't either.

  6. Posted by Lloyd | May 13, 2014 at 4:22 PM

    Generally speaking, we don't like to be mentioned in the same sentence as "Wal-Mart"

  7. Posted by Jim Rogers | May 13, 2014 at 9:08 PM

    Since when Goldman went private?