Investment Banks Are Making Huge Investments in Renewables, But There Are Counter-Currents As Well

David Crane, chief executive of NRG Energy Inc., smiles during a Bloomberg Television interview at the Goldman Sachs North American Energy Summit in New York, U.S., on Wednesday, June 11, 2014.†Crane discussed the outlook for renewable energy and the importance of sustainable power development for businesses.†Photographer: Chris Goodney/Bloomberg via Getty Images
A reader notes:
NRG Energy Inc’s CEO David Crane, a former investment banker who led (the independent power producer) for 12 years, has been removed by his board and investors (including Goldman Sachs) for the reasons given in his statement to the WSJ: ”Investors made clear they would rather have had profits from the power-generation business returned to them through dividends and stock buybacks and not poured into clean-energy enterprises.” (more…)








