Dive Summary:

• Despite announced cost-cutting and restructuring plans, a spokesman for Waste Management verified that the company will continue to make investment in new clean technology companies.
• "We will continue to nurture, evaluate and scale up the most viable conversion technologies that match our ongoing strategy of extracting more value from waste" said Lynn Brown, Waste Management’s VP of Corporate Communications.
• Waste Management's continued continued commitment was called into question after the company decided to halt funding to Terrabon, a bio-energy company that subsequently was forced to declare bankruptcy.
   

From the article:

Waste Management Inc. (NYSE: WM) still has plans to continue investing in waste conversion technologies.

Although Terrabon Inc., a Houston-based bio-energy company that filed for bankruptcy in September, told The Associated Press in October that it was forced to declare bankruptcy when Waste Management, its largest shareholder, stopped its funding as part of a restructuring and cost-cutting plan, Waste Management said this is not true.

I decided to look into Terrabon’s statement because when writing about Waste Management's restructuring plan, which included 700 job cuts, I did not see anything about venture capital or technology investment cuts.