Danish Renewables Giant Dong Energy Rebrands, Ditches Oil and Gas Portfolio
“The energy sector is slowly but surely undergoing a transformation, and a decision by Denmark’s Dong Energy sums up how this sector will look and operate during the 21st century.
The company, which at last count reaped $9.6 billion in annual revenues, announced that it had completely divested its holdings of any fossil fuels last week. Earlier this year, Dong said it had completely divested from any holdings linked to coal production.
And in shifting from “black to green” energy, Dong’s executives have called a special shareholders meeting at the end of the month as it seeks to rename itself as Ørsted…”
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Norm Fennych The exciting answer would be: a brilliant marketing department is WTF. The boring (and more probably answer) answer would be: a lost in translation thing…