CEOs no longer refute global warming
Members of the Business Council, a group of executives from the top 120 U.S. companies, have altered their beliefs about climate change significantly, said PG&E Chief Executive Officer Peter Darbee in an interview.
Darbee was attending the Business Council's October gathering in Cary, North Carolina.
"No one among the group was arguing the science of climate change," said Darbee. "That debate, at least in that forum, appears to be over. The discussion was really about, 'climate change is happening, it is a challenge of vast proportions and it will require an effort on the part of mankind to respond to this challenge.'"
Darbee also said a tangled web of state and federal laws governing energy use and conservation was delaying action.
"The greatest challenge we face getting our business done is the unintentional gauntlet of government regulation," he said. "What renewable energy developers have to go through — the hoops and hoops and hoops."
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China aims to reduce coal power production
BEIJING - China plans to slash coal-fired power capacity at its five biggest utilities by as much as a third in two years by merging their assets, according to a document seen by Reuters and four sources with knowledge of the matter.
The move to shed older and less-efficient capacity is being driven by pressure to cut heavy debt levels at the utilities. China, is, however, building more coal-fired power plants and approving dozens of new mines to bolster a slowing economy.
The five utilities, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity…
