French oil major Total’s €950 million acquisition of battery manufacturer Saft puts the company at the front of the pack of fossil fuel firms looking to diversify, according to SolarPower Europe CEO James Watson.
Industry-watchers, environmental groups and think tanks have commented on news this morning that the biggest coal mining company in the US, Peabody Energy, has filed for Chapter 11 bankruptcy protection, citing downturn in the coal industry as a major factor.
