Cheap Gas Will Overtake Renewables, Energy Chief Warns
Steve Bolze of General Electric unable to say if a glut of gas power stations would undermine 2050 global emissions targets
Jun 20, 2011 4:08 PM ET
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Cheap Gas Will Overtake Renewables, Energy Chief Warns
A glut of cheap gas will see the fuel overtake renewable sources in the global race to build new energy generation, says a senior energy industry executive.
"More gas [power plants] than wind and solar will be built [in the 10 to 20 years]," said Steve Bolze, chief executive of General Electric's power and water division, which makes gas-fired turbines. "Gas is a good alternative to being 100% renewable." Click here to continue reading. About GEGE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
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