When Ogden Corp. announced last year that it would spin off part of its resource-recovery unit to the public, the investment community responded with little more than skepticism. Why should we care, they seemed to ask, about converting garbage to energy? Today, a month after Ogden Projects Inc. sold its stock to the public, investors can't get enough of the company's shares, which have risen more than 40% in value since early August. Welcome to the year of the Exxon Valdez, where the environment sells, and sells big. Sparked by fears that the world will spend much of the 1990s cleaning up its mistakes of the previous four decades, Wall Street and corporate America have discovered environmental companies. (excerpt)
Full text: Crain's New York Business, Sep 04, 1989
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