German electrical giant Siemens says profits for the last quarter slumped 46 percent. Thousands of jobs have been slashed and the "power and gas" branch is being restructured.
If the world is to quit coal and gas for renewable energy sources, they have to be reliable and affordable. Is that realistic? Researchers have crunched the numbers and come up with some surprising answers.
The European Commission has signed a multimillion-euro grant that will allow a new gas pipeline between Denmark and Poland to proceed. The project is seen as Warsaw's answer to the Russian-German Nord Stream 2.
CEO Joe Kaeser tells DW the German conglomerate hopes to raise its investments in Russia despite EU-US sanctions. He said it was "regrettable" that several Siemens power turbines ended up in Russian-annexed Crimea.
Anxious gas and oil workers in Canada have demanded an end to what they see as job-killing anti-pipeline policies. But Ottawa faces a dilemma: How to balance job security for those workers while fighting climate change?
© 2019 Deutsche Welle |
Legal notice |
| Mobile version