India charging ahead on renewables. Vying with China for global leadership in the growth industry of the new century. Meanwhile, Washington looks longingly to the 19th century.
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Meanwhile, Denmark has decided to offload oil interests, and begin using current oil revenues from the North Sea to accelerate its renewable transition.
In another sign that the petroleum era is drawing to a close, Denmark is selling off its last oil company with barely a peep.
Once considered a strategic asset, on a par with national carriers or shipyards, the oil and gas division of A.P. Moller-Maersk A/S is being bought by French giant Total SA. The $7.45 billion deal is expected to be completed by 2018, pending regulatory approval.
Coming just three months after the sale of Dong Energy’s North Sea oil and gas production to German-based Ineos AG, Maersk’s move to offload its…
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