RWE Targets CO2 Neutrality, Annual EUR1.5 Billion Investments in Renewable Energy
2019年9月30日 - 06:03PM
Dow Jones News
By Kim Richters
Germany's RWE AG (RWE.XE) said Monday that it aims to become
carbon-dioxide neutral by 2040, a plan that it calls a "resolute
and responsible phasing out of fossil fuels."
The energy company said it will invest 1.5 billion euros ($1.64
billion) in renewable energy each year, expecting around 60% of its
earnings before interest, taxes, depreciation and amortization to
come from the renewables business.
"We will phase out fossil energy sources both consistently and
responsibly," RWE's Chief Executive Rolf Martin Schmitz said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 30, 2019 04:48 ET (08:48 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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