B.C. natural gas executive new president and CEO of Manitoba Hydro
WINNIPEG - - Manitoba Hydro has a new president and CEO. Manitoba Premier Greg Selinger says Scott Thomson will take over the provincial utility giant next month.
Thomson was recently an executive vice-president with FortisBC, the largest distributor of natural gas in British Columbia.
He has also held senior roles at Ernst & Young.
Selinger says Thomson has the experience needed to keep Manitoba Hydro profitable and transform it into a North American leader in renewable energy.
Former hydro CEO Bob Brennan stepped down in August after leading the Crown corporation for more than two decades.
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MELBOURNE - An almost 20 per cent fall in global energy investment over the past three years could lead to oil and electricity shortages, and there are concerns about whether current business models will encourage sufficient levels of spending in the future, according a new report.
The International Energy Agency’s second annual IEA benchmark analysis of energy investment found that while the world spent $US1.7 trillion ($2.2 trillion) on fossil-fuel exploration, new power plants and upgrades to electricity grids last year, global energy investment was down 12 per cent from a year earlier and 17 per cent lower than 2014.
While the…
