Natural Gas

Asia Disputes IEA Call To Curb Energy Investments

Asian energy officials on Wednesday disputed a call from the International Energy Agency (IEA) for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow.The IEA, which has previously championed the oil and gas industry, this week outlined a path to net-zero emissions that suggested stopping new investments in oil, gas and coal supply, retiring coal-fired plants in advanced economies by 2030, and ba

20 May 2021
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GE's 12,000 job cuts highlight uneasy shift to renewable energy

After spending years building up its gas-power business, General Electric Co. is trying to figure out how to keep pace in a world that’s no longer all that interested in fossil fuels.The plan to cut 12,000 jobs, or almost one-fifth of the power division’s global workforce, underscores GE’s bad bet on an old-school industry as natural gas loses favor and renewable energy gains.

8 December 2017
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Sarath Ratanavadi poised to be Thailand's newest billionaire

A well-timed decision more than a decade ago to abandon coal in time for Thailand’s natural-gas boom is poised to make Sarath Ratanavadi the newest billionaire in Southeast Asia’s second-largest economy.Based on the low end of the pricing range for his Gulf Energy Development Pcl’s initial public offering this week, Sarath has a net worth of 1.9 billion dollars, according to the Bloomberg Billionaires Index.

21 November 2017
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