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Shell is exiting the wind business in Europe (including offshore, as shows their sale of their stake in the London Array projet recently), but not in the USA.

BP has never been a player

Total has ignored the market, as have the Americans.

The Europeans seem to be looking more seriously at solar, and some at second generation biofuels, but altogether the effort seems puny.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jun 11th, 2008 at 06:12:22 PM EST
[ Parent ]
And yet many major, now global utilities are taking heavy stakes in the renewable world.

  •  EdF with all it's EdF-Renewables investments, including the brilliant purchase of enXco.
  •  EdP of Goldman Sachs' Horizon.
  •  Iberdrola's incredible list of purchases
  •  E.on, Scottish and Southern, Vattenfall and a host of others jumping into offshore with significant project investment.

Certainly, the oil majors must have some respect for their colleagues on the utility side, and the decisions they make.  Yet they ignore these decisions... unless they know something we don't know.  Or unless their skulduggery goes as deep as Chris Cook suspects here.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Thu Jun 12th, 2008 at 01:42:09 AM EST
[ Parent ]
Or maybe because oil and utilites are different lines of business, and the majors want to stay working with their core compentency. Maybe they think there will be more projects after all. Or maybe they are just planning to extraxt maximum value for their shareholders while liquidating themselves.

At least Total is going into nuclear energy.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu Jun 12th, 2008 at 03:14:06 AM EST
[ Parent ]
Iberdrola started in Hydropower. EdF nuclear. Scottish and Southers, Vattenfall, also hydropower...

I think Jerome had it right above with the "Areva sells carbon-free energy". That's what all these companies have in common Also, they are used to high capital investments and low running costs, as opposed to the low(er) capital investment and high(er, from fuel) running costs of the other companies.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Thu Jun 12th, 2008 at 03:43:03 AM EST
[ Parent ]
puny is right....last i heard, 0.01 of italy's energy is produced by solar, and 75% of italy's energy is bought from abroad.

this is like whoring out family members, or selling children into slavery while sitting on a goldmine in your backyard.

going for darwin award...

~Government budget deficits are not nearly as dangerous as the deficits we have created in vital and complex natural systems.~ Naomi Klein.

by melo (melometa4(at)gmail.com) on Thu Jun 12th, 2008 at 03:27:48 AM EST
[ Parent ]

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