U.S. joins International Renewable Energy Agency
IRENA was established in January to promote development of the renewable energy industry worldwide. To date, 135 nations have joined the global organization that will be headquartered in the United Arab Emirates.
"Our government's participation is an important element of the administration's effort to support clean energy technologies and the development of low carbon economies to address global climate change," Clinton said in a statement.
Clinton added that the new agency would help ensure that global resources are put to maximum effect, especially in response to the needs of the developing world.
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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…