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OKIsItJustMe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 12:00 AM
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GE opens green game within the Games
http://www.theglobeandmail.com/blogs/streetwise/ge-opens-green-game-within-the-games/article1468329/
Sunday, February 14, 2010 9:01 PM

GE opens green game within the Games

Andrew Willis

A game of green one-upmanship kicked off at the Olympics on Sunday, as General Electric rolled out two clean power deals that were personally backed by an executive with a $23-billion (U.S.) energy portfolio.

GE announced it is moving forward on $887-million of hydro and wind power plants, an expanded commitment to B.C., on the eve of two other green energy initiatives.

Showman Richard Branson will take the stage in Vancouver on Monday to announce an expansion of his Carbon War Room initiative, and B.C. Premier Gordon Campbell is also expected to make energy-related announcements in the next 24 hours.

For GE, a B.C. government with ambitious plans of generating 90 per cent of its electricity from renewable power qualifies as a major customer for both equipment and capital. The guy with the $23-billion wallet is Alex Urquhart, the Connecticut-based CEO of GE Energy Financial Services. His arm of the conglomerate pays for energy developments of all stripes, around the world. But Mr. Urquhart’s only Canadian projects are in B.C.

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