Monday, October 27, 2008
Blue Source Gets Investment From Goldman Sachs
Salt Lake City-based Blue Source, which is developing services to help businesses reduce greenhouse gas emissions, and the Goldman Sachs Group said Monday that they are in a strategic alliance, and that Goldman Sachs has purchased an equity stake in Blue Source. Financial terms of the deal were not disclosed. According to the two firms, Goldman Sachs will help create a market for verified emissions reductions of greenhouse gases from Blue Source's portfolio. Blue Source is developing a portfolio of greenhouse gas and carbon offset projects, such as methane management, wastewater treatment, landfill, energy efficiency, carbon capture, and other greenhouse gas reduction efforts. Goldman Sachs was advised by Linklaters LLP in the deal; Blue Source was advised by The Blackstone Group and Baker & McKenzie LLP.