Globalisation

We've all heard of globalisation. Ofcourse it also affects energy as well - so when Wulf Bernotat (chief executive of Eon) says that "We operate on a worldwide scale, so it is normal that we want to invest where conditions are right so that we can make a good return... principally you go where you can get the best possible conditions" we should probably sit up and take notice.

He's hinting that, with Eon making a loss on its retail arm in the UK this year, Eon may pull out of the UK in favour of investing elsewhere - after all with the global credit crunch they do only have finite resources.

It's a really good interview, published in the Sunday Times, and well worth a read.

“You have old nuclear plants, old coal, expensive gas, a need to invest in renewables to reach unrealistic targets, and a slow [planning] process. Doesn’t that sound like a problem to you?”..

Yeah, it does.