How to make an eco-billion
Tchenguiz – green means bucks
Property billionaire Vincent Tchenguiz wants to make his next fortune through environmental businesses. If he can help the environment while doing it, then so much the better. But actually he doesn’t give a green fig about the global ecology. All he is interested in is eco-policy, eco-publicity and eco-profits.
Under his plans, the environment is a product like any other that he can commodify to trade and sell to corporates and governments around the world. If all goes well, Tchenguiz says the business could easily turn into a multibillion-pound venture that is at least as lucrative as property.
His company, Consensus spends more than £20m every month on its environmental portfolio, which spans more than 220 companies, joint ventures and funds. It covers everything from emerging green technologies to the planting of trees.
‘This is not for charity,’ he says. ‘The effects are positive for the environment, but I am running a business.
‘The environment can be leveraged in the same way as real estate.
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