German Energy co, E.ON to quit gas and coal and focus on renewable energy

[grahamhgreen]

E.ON’s generation, upstream and global commodities units, the last of which includes trading, accounted for about 35% of its €9.32bn (£7.4bn) in earnings before interest, tax, depreciation and amortisation in 2013. Renewables and regulated businesses alone accounted for 54%.

E.ON will hold a news conference on Monday about its plans, which will include investing more in wind and solar power.

http://www.theguardian.com/environment/2014/dec/01/eon-splits-energy-renewables

[santroy79]

1. We used to be the leaders in this kind of stuff

[Takket]

2. Why do these commie bastards hate freedom?

[EEO]

3. Now if only those Koch assholes would do something like that.

[grahamhgreen]

4. They'll likely buy the companies and shutter them.