Germany and Norway officially opened NordLink on Thursday, a direct power cable between the two countries that will provide Europe's largest economy with green energy at a time it is phasing out polluting coal power.
BusinessInvestor opposition to U.S. CEO pay at its highest ever -report
Jessica Dinapoli
4 minute read
A worker arrives at his office in the Canary Wharf business district in London February 26, 2014. REUTERS/Eddie Keogh/File Photo
Investors have rejected a record number of executive compensation plans in non-binding votes of U.S.-listed companies this year, objecting to pay rises and the easing of performance targets in the wake of the COVID-19 pandemic, according to an analysis by consulting firm ISS Corporate Solutions.
Some companies have argued that protecting executive pay in a downturn is necessary to keep top managers incentivized, given the crucial role they play in steering their business. That idea has been increasingly met with skepticism from investors who say that the shifting of performance goalposts is unwarranted and demoralizes employees who are not shielded in the same way.
EnergyUK s National Grid to step into U.S. offshore wind
Nina Chestney
3 minute read
The headquarters of the German power supplier RWE, which plans to break up subsidiary Innogy and share its assets with rival E.ON, is pictured in Essen, Germany, April 24, 2018. REUTERS/Wolfgang Rattay
UK-listed grid operator National Grid (NG.L) has partnered with Germany utility RWE (RWEG.DE) to develop offshore wind projects in the United States, it said in its full-year results on Thursday.
National Grid owns and operates electricity and gas transmission and distribution networks in Britain and the United States.
Its investment arm National Grid Ventures (NGV) has signed a joint venture partnership agreement with RWE Renewables to jointly develop offshore wind projects in the coastal region of the northeast United States.
May 19, 20216:47 AM UTC
Middle EastOman s oil firm OQ hires advisers for sale of stake in Portugal s REN
Reuters
2 minute read
Oman s OQ has hired legal and financial advisers to prepare for the possible sale of its entire 12% stake in Portuguese power grid operator REN (RENE.LS), the state-owned oil firm announced late on Tuesday.
OQ, formerly Oman Oil Company, said in a statement the advisers will assist in the preparation of such intended sale through a private placement . No formal decision has been made as to the sale itself or the conditions in which it may be implemented, the statement said. At this point no specific process has been initiated.
Landratswahl im Eifelkreis Bitburg-Prüm: Von Einem, der gegen sich selbst antritt volksfreund.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from volksfreund.de Daily Mail and Mail on Sunday newspapers.