The Daily Sprout

Exxon Plays the Waiting Game: Green business guru Joel Makower writes a smart post on how Exxon is mistakenly waiting for a breakthrough in renewable energy technology before investing more in the sector. — Two Steps Forward.

Triodos Plans to Raise Public Fund: A so-called “ethical bank” will launch a public share issue to raise £8.5m to invest in renewables, though the article warns: “investing in them may not be suitable for the faint-hearted.” — The Guardian.

Quercus Watch: Our favorite former hedge fund manager turned cleantech investor David Gelbaum is making a small investment into non-profit org Engineers Without Borders, with 21Ventures. — release.

Bionavitas Looking to Bloom: CNET has a few more details on algae to biofuel startup Bionavitas, including that the company is looking for a series A round of funding and using its technology first for bioremediation before turning to biodiesel. — CNET.

Recycled Water Flowing Through Bay Area: If the Consolidated Natural Resources Act of 2008 is ratified, the Bay Area’s recycled water projects could lead to new investments in the local water technology sector — VentureBeat.