Offshore wind leader DONG (Danish Oil and Natural Gas) exits fossil fuel business

Signal of change / Offshore wind leader DONG (Danish Oil and Natural Gas) exits fossil fuel business

By Carol Brighton / 28 Sep 2017

Carol Brighton on Twitter

@DONG divests: The reversal for "Danish Oil and Natural Gas" is another major #signalofchange https://t.co/408sVXOle1 via @greentechmedia

Dong Energy Divests Its Oil and Gas Business to Focus on Renewables

The bells are tolling for the Danish oil and gas industry, and they sound like Dong. Denmark's largest power producer, Dong Energy, agreed to sell its complete upstream oil and gas interests to global petrochemical manufacturer Ineos for $1.05 billion plus contingent payments, concluding an effort announced in October.

 


 

Updated on 28 Sep 2017:

Carol Brighton on Twitter

CleanEnergy Transformation: #OffshoreWind leader DONG (Danish Oil & Natural Gas) exits fossil biz #SignalOfChange https://t.co/BwFQEx6rQr

 

Sources

A similar signal was spotted by Rebecca Lawson:

"Really interesting to see big energy players like Dong now so overtly rebranding themselves away from oil & gas, divesting oil and gas assets, making the focus on 100% renewables and even changing their name to underline the break."

Oil and gas is 'no longer who we are': DONG Energy seeks to rebrand as Ørsted following fossil fuel divestment

Management says company's abbreviation of Danish Oil and Natural Gas no longer makes sense for an organisation that just sold its fossil fuel operations Fresh from completing the sale of its upstream oil and gas business, renewable energy giant DONG Energy has today unveiled plans to rebrand as Ørsted in a tribute to the Danish scientist who discovered...



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