1. GE lost billions by 'misjudging' renewables: Report

    GE lost billions by 'misjudging' renewables: Report

    energy transition GE lost billions by 'misjudging' renewables: Report The company also failed to account for increasing energy efficiency, driven largely by renewables, which decoupled energy demand from global economic activity, according to the report PTI | June 07, 2019, 07:50 IST Newsletter A A Investors in General Electric , once one of the world's most valuable companies, lost tens of billions of dollars after the Paris climate deal as it failed to adapt to the pace of the green energy transition , new analysis showed Thursday. A report by the Institute for Energy Economics and Financial Analysis (IEEFA) said GE ...

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    1. The world is transitioning away from fossil fuels -- particularly expensive imported thermal coal and gas -- into low-cost, zero-pollution domestic renewables such as wind and solar, This is where the smart money is, but GE failed to pick the trend.
    2. Some people would suggest that the gas business is dying (and) there are certainly structural challenges afoot.
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