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Wednesday 25 October 2006

Info Post
From Reuters:
Leading electricity companies from around the world on Tuesday issued a report urging governments to adopt new sustainable energy and climate policies to avoid a future environmental crisis.

The report, released by the World Business Council for Sustainable Development and eight power companies, contained an agenda to secure future electric generation, bring power to more people around the world and reduce greenhouse gas emissions.

The companies included ABB Ltd. of Switzerland, EDF Group and Suez of France, Eskom Holding Ltd. of South Africa, CLP Holdings Ltd. of Hong Kong, Entergy Corp. of the United States and Kansai Electric Power Co Inc. and Tokyo Electric Power Co Inc. of Japan.

In the "Powering a Sustainable Future" report, the companies urged governments to start favoring low carbon sources of electricity like nuclear, solar and wind power, to boost energy conservation programs and to invest more in energy technologies.

"Governments must set the framework and give financial support for the development of low carbon technologies. Nuclear power is part of the solution," said Bruno Lescoeur, senior executive vice president, international industrial and public affairs at Electricite de France SA (EDF).
Click here for the press announcement and here for the report.

Though Entergy is named in this story, other electric utilities like Xcel and Duke Power have come to the same conclusion.

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