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#Renewable: Name Change


 
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#1 eds

eds

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Posted 04 October 2017 - 07:05 AM

Danish energy giant DONG Energy,
. . . has announced this week, that it will change its name to
. . . Ørsted, following in the wake of last week’s announcement that it had
. . . successfully divested its oil & gas business.

DONG was originally short for Danish Oil and Natural Gas,
. . . the new name similarly holds specific meaning for the company,
. . . referring to Danish scientist Hans Christian Ørsted,
. . . who helped spearhead several scientific discoveries,
. . . including that of electromagnetism in 1820.

From a financial point of view,
. . . DONG Energy’s transition from a fossil fuel-based company,
. . . to a renewable energy company has been both sharply noticeable and profitable,
. . . reducing carbon emissions by 52% since 2006

10-4-2017 Source:  #Renewable: Name Change

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