France has no plan to dismantle energy group Engie: minister

12/02/2020 10:10 Energy

news

France has no plan to dismantle energy group Engie after the company, whose main shareholder is the French state, decided last week to oust its chief executive Isabelle Kocher, French Environment Minister Elisabeth Borne said on Wednesday.

“Engie will not be dismantled,” Borne said on French radio station franceinfo.

Engie’s board had decided on Thursday not to renew the mandate of Kocher and to put in place an interim management team as it hunts for a new boss to accelerate its transformation.

Source: reuters.com

 

Daily (02.04.2019): British gas prices near 2009 lows on Wednesday, due to weak demand

02/04/2020 11:30:00

Crude oil prices were bearish on Wednesday, weighed by a steep rise in U.S. crude inventories last week, the biggest weekly rise since 2016, while gasoline demand continued to decline. Consequently, Brent crude for June delivery traded 6.1% lower at $24.74 a barrel. Similarly, WTI futures slid by 0.8% to $20.30 a barrel.

<READ MORE

Germany 'closes in' on 2020 renewables goal

02/04/2020 09:49:00

Germany is likely to achieve its binding EU renewable target for 2020, according to the latest figures from the country's federal environment agency.

READ MORE

CO2 may plumb fresh lows this month on virus impact

02/04/2020 09:45:00

The coronavirus pandemic is likely to maintain pressure on carbon prices in April, potentially sending them to fresh two-year lows as the world locks down communities to reverse the pace of infections.

READ MORE