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by billswift
5316 days ago
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I wondered what he meant by "extractive" financial services, too. >In the context of natural resources, I take that word to imply that the resource is depleted (e.g. non-renewable). Is incorrect. Lumbering and agriculture are extractive industries but not "non-renewable". All primary production of resources are "extractive" industries. |
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I don't see sustainable timber, agriculture, fishing, or solar/wind/geothermal/hydroelectric power as extractive.
Wikipedia appears to agree with me, likewise the World Bank: http://en.wikipedia.org/wiki/Extractive_industry http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTOGMC/0,,c...