Waste Management shifts investment strategy away from startups

In Texas, Waste Management is looking to invest in commercial stage technologies rather than startups as it looks to de-risk its portfolio. The company has pulled out of some of 25 total investments it has made since 2007 in the past 12-18 months.

The company said in 2012 it had invested between $300 million and $400 million in these waste technology ventures, including biofuels.