Companies Vow to Spend More on Clean-Tech

By Alyssa Altman -- 11/09/09

Tis the season for clean renewable energy. Next year, business execs are planning on spending more money on clean technology. That's according to a Ernst & Young survey. The survey also says companies now spend up to roughly 5% of annual revenues on energy efficient technologies. Most firms participating in the study said they have spent over $10 million on clean-tech. And 75% expect this number to grow over the next 5 years. The survey concluded that multi-million dollar companies have few qualms with spending more money on better, cleaner technology.