Increasing energy prices, reflected in oil company earnings, are not enough to make investors reopen their treasure troves for fossil fuel companies, says pension firm Pensam. ”It’s a sector with problems,” states ESG head.
Photo: Pensam/PR
BY ASTRID STURLASON, SHIPPINGWATCH, TRANSLATED BY KRISTOFFER GRØNBÆK
Oil firms represent a large part of companies excluded from financial institutions’ portfolios, and there is no outlook for an alteration of this strategy.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.
A manufacturing presence in North America is crucial, says the CEO on the return to the US, where the aim is 2.5GW per year using both Germany’s largest turbine and an as yet unknown product.
Under the new management, Jupiter Bach has transformed the business from huge losses to a profit. However, the chief executive admits that coincidence has played a significant part.
Norlys Energy Trading is currently investing in growth, but competition for the best people has never been so intense, says the head of the energy trading company.
In the midst of an arbitration case with back-and-forth claims over a record-breaking turbine order, an Indian project developer now sues Siemens Energy to prevent the manufacturer’s departure.
The political trend towards marginalizing China is dangerous, says Siemens Energy’s hydrogen chief, who is confident about the German company’s abilities despite the much cheaper Chinese plants.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.