Climate & Environment

General Electric announces it won't build new coal-fueled power plants

General Electric Power CEO Russell Stokes has stated that "with the continued transformation of GE, we are focused on power generation businesses that have attractive economics and a growth trajectory".

In the future, the company won't build new coal-fueled power plants after the acquisition of Alstrom's power business for $9.5 billion has not paid off for the company.

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