Rock band Pearl Jam has a Carbon Portfolio Strategy?

While the band has been involved in conservation efforts for years, now it's lending support to Northwest groups that focus on renewable energy. Today it announced $100,000 in funding for nine organizations, including the Cascade Land Conservancy, IslandWood learning center and the Bonneville Environmental Foundation.

"We hope to create new models for businesses like ours who are looking to invest in the future health of our planet and its delicate ecosphere," guitarist Stone Gossard said. "It is part of Pearl Jam's goal to encourage Northwest businesses and individuals to invest in these and other leading environmental organizations."

The band says it intends to burn pure biodiesel in all of its trucks and tour buses this year in an effort to offset its carbon emissions.