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(UK) Energy firm moves focus (to) offshore (wind)—is to sell off its oil and gas interests (!!!)

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OKIsItJustMe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-07-09 04:13 PM
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(UK) Energy firm moves focus (to) offshore (wind)—is to sell off its oil and gas interests (!!!)
http://news.bbc.co.uk/2/hi/uk_news/scotland/8242212.stm
Monday, 7 September 2009 15:47 UK

Energy firm moves focus offshore

An energy investment company is to sell off its oil and gas interests and focus solely on its offshore wind operations, it has announced.

Ramco Energy said it believed the opportunities offered by offshore wind power were "truly enormous".

The company, which is based in Aberdeen, will also rename itself as SeaEnergy.

It has secured a total of £7.5m of funding from Lanstead, which will become a 22% shareholder in the group.

Stephen Remp, executive chairman of Ramco Energy, said its subsidiary SERL had already secured 456MW of offshore wind farm acreage alongside large utility partners.

…
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-07-09 04:20 PM
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1. At some point down the road, when oil companies are in a real minority,
will anyone look back at the graves and wonder if the cost,in money, blood, equipment, for the endless oil wars was worth it?
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-07-09 04:53 PM
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2. Very cool! nt
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