Mainstream VCs Hope To Clean Up with Clean Tech –

Consumers frowned when oil prices hit a record high of $60.54 a barrel on June 27, but venture capitalists may have been smiling. Not that they take pleasure in seeing people pay more at the pump. They’re probably just feeling more confident about their risky bets on alternative energy startups.

Mainstream venture capitalists started investing in so-called “clean technology” about two years ago. As we reported in our