Kleiner Perkins invests in second oil exploration company, GloriOil
Kleiner Perkins, the Silicon Valley venture capital firm that preaches the need to invest in green technologies and reduce global warming, has invested in a second company that seeks to produce more oil.
The firm has joined an Indian research group, TERI, and private equity investor GTI to invest $10 million in Houston’s GloriOil, a company boasting a new technology that helps oil companies get more oil out of existing wells.
This follow news in March that… Continue Reading