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United Kingdom: E.ON to quit gas and coal and focus on renewable energy

2014-12-01 01:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Germanys biggest utility firm, E.ON, has announced plans to split in two and spin off most of its power generation, energy trading and upstream businesses, responding to a crisis that has crippled the European energy sector. E.ON said it wanted to focus on its renewable activities, regulated distribution networks and tailor-made energy efficiency services, citing dramatically altered global energy markets, technical innovation, and more diverse customer expectations. E.ONs existing broad...

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