I just sat down over lunch with a printed publication to which I subscribe called the “Green Money Journal.” Fantastic stuff. I loved the lead article, “From Growth Capitalism to Sustainable Capitalism,” by Joe Keefe, President and CEO of Pax World Management, which manages about $2.5 billion using an approach the company calls “sustainable investing.”
Imagine being able to extract the solar energy trapped in the world’s tropical oceans and use it as a renewable power source.
Although that might sound like science fiction, a company in Hawaii called Ocees International Inc. is pursuing the technology — and it’s turned to a new Lancaster-based venture capital fund for help.
JPF Venture Fund 1 is the brainchild of Lancaster County resident Jeremy P. Feakins and his administrative team, which includes midstate businessmen Jim Greenberg and Ed Baer.