Is IKEA going solar?
SWEDEN - According to this report on CNET, IKEA is gearing up to sell green products including household solar panels, high-efficiency lighting and efficiency meters. The products would be the fruit of investments made by its 50 million euro GreenTech fund.
Like other retail behemoths, IKEA is putting its best sustainable foot forward, including its line of eco-friendly. pre-fab. pretty-damn-cool BoKlok homes, eliminating noxious chemicals from its product line, hybrid-friendly parking and eventually, eliminating plastic bags from its stores.
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Hydro-Québec puts global ambitions on hold as crisis weighs on demand
MONTREAL - COVID-19 is forcing Hydro-Québec to pull the plug on its global ambitions — for now.
Quebec’s state-owned power generator and distributor has put international mergers and acquisitions on hold for the foreseeable future because of the COVID-19 crisis, chief financial officer Jean-Hugues Lafleur said Friday.
Former chief executive officer Éric Martel, who left last month, had made foreign expansion a key tenet of his growth strategy.
“We’re in revision mode” as pertains to acquisitions, Lafleur told reporters on a conference call. “I don’t see how Hydro-Québec could take $5 billion now and invest it in Chile because we have an investment…
