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BP said that a strong showing by its gas, power and renewables division helped it increase fourth-quarter profit.
After taking the top job, Hayward doubted whether solar and wind would ever compete with fossil fuels and closed Browne's renewables division.
However, the German-owned company has a renewables division in the UK, as well as owning a number of coal and gas-fired power stations.
Dr Frank Mastiaux, chief executive of the climate and renewables division of German electricity supplier E.ON, which is now building a 180MW offshore farm at Robin Rigg in the Solway Firth, said the UK targets were 'extremely challenging'.
WASHINGTON –- Duke Energy's renewables division will pay $1 million in fines and restitution for unlawfully killing golden eagles and other threatened birds with its wind turbines, the Department of Justice announced Friday in its first criminal enforcement of the Migratory Bird Treaty Act.
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They're just a year or two removed from record profits, and they keep producing internal forecasts showing that the world will stick with fossil fuels for decades to come (forecasts that caused Shell and BP, among others, to dump their tiny renewables divisions and double down on hydrocarbons).
The purchase excludes a renewable energy division, the builder said.
General Electric had opened a new headquarters for its renewable energy division, and the state provided $5 million in incentives, but the governor skipped the victory lap.
Many of the largest families -- including the Calvert Group, Domini Social Investments and Pax World Funds -- held Enron shares because they liked the company's renewable-resources division.
"Iberdrola has helped many countries meet their renewable energy goals and benefit from our high-tech investments and 'green-collar' jobs that result from this kind of investment," said Xabier Viteri, the chief executive of Iberdrola's renewable energy division.
Others on the panel, including the head of the renewable energy division of the International Energy Agency, Paolo Frankl, said "reverse auctions" like Australia's Direct Action scheme were proving very efficient around the world, especially in financing renewable energy projects.
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