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.
Comments
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.
I had in mind non-renewable extractive industries.
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...