General Electric

Climate & Environment
General Electric announces it won't build new coal-fueled power plants
General Electric announces it won't build new coal-fueled power plants
Credit: Tedder / Wikimedia Commons (Creative Commons Attribution 3.0)

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.