Dumping Coal Assets Near the Bottom of the Market a Green Energy Success?
18 hours ago Eric Worrall
Essay by Eric Worrall
“Her … contract was not renewed”: A recent 4000 attendee climate change summit in Paris came up with some interesting ideas on promoting renewable energy to company boards.
Incentivizing Boards Of Directors To Address Climate Change, At ChangeNow Summit
Joan Michelson
Contributor
To truly avoid reaching that potentially irreversibly devastating 1.5 degrees Celsius warming – which the UN’s World Meteorological Organization just announced that we’ll cross in a few years – we need every aspect of the economy to take action, literally.
At the ChangeNow 2023 Summit in Paris, France last week with over 4,000 attendees from 120 countries and across industries, gathered to strategize how to do that and share solutions, as well as to make deals.
…
Isabelle Kocher de Leyritz explained in one of my sessions at ChangeNow how she did just that as CEO of Engie, one of Europe’s largest fossil fuel energy companies. She talked about how the board asked her, then CFO, to develop a plan to transition the company and then elevated her to the CEO role to execute her plan. She told us about the robust debates she had with Engie’s board of directors, and how she persuaded them to sell off coal assets and invest that money into renewable energy assets instead. Now CEO of Blunomy, a consultancy, her Engie contract was not renewed, but Engie remains in renewable energy.
https://wattsupwiththat.com/2023/05/29/dumping-coal-assets-near-the-bottom-of-the-market-a-green-energy-success/
