European Tribune

Display:
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.

Skennah Kowa
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 ]

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
On Rhetoric
by rg - Dec 3
52 comments

After Democracy
by marco - Dec 3
38 comments

Bugger Thy Neighbour
by redstar - Dec 3
252 comments

Google Translate political bias?
by DoDo - Dec 3
10 comments

So, Ideology is Dead. So now what ?
by ValentinD - Nov 26
526 comments

Not quite the 'perfect fix'?
by djhabakkuk - Dec 3
2 comments

Beggar Thy Neighbour
by redstar - Dec 3
60 comments

Friedmanite Folly and the Mugabe Option
by ChrisCook - Dec 2
42 comments

Debates
Campaigns
Occasional Series