04 Jun '12, 8pm

Energy companies, seeing a greener future, are losing their faith in coal

Energy companies, seeing a greener future, are losing their faith in coal

The stuff fortunes were made of. Tallying the predictions of energy industry executives is an interesting exercise. Like any dominant business sector, the energy industry’s predictive powers are limited by one key damper: a blindness to change that might undermine their dominance. But we have an opportunity to look through their tinted shades. Each year, the consulting firm Black & Veatch asks utility executives for their predictions on how the field will evolve. Highlights from the survey : The percentage of respondents who think coal has a future in our energy supply dropped from 81.5 to 60 percent over the last year. But utility prices will keep going up, because government. The execs see economic opportunity in renewable energy and technologies, even predicting that 7 percent of the country’s electricity in 2025 will go to electric vehicles. Utility companies aren’t ro...

Full article: http://grist.org/climate-energy/energy-companies-seeing-a...

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