EnergyWatch

Dong rejoices over new exclusive focus on renewables

Analysts consider the price somewhat low, but Dong is more than pleased with its oil and gas divestment.

While journalists and others waited for the teleconference to begin regarding Dong's divestment of its oil and gas division, the hold music from the other end of the line was the track "Waiting on the World to Change" by pop artist John Mayer.

A fitting melody, given that there is no doubt that Dong's world has indeed changed with the sale. From now on, Dong Energy is exclusively in the business of renewable energy  – either as wind or biomass. The sale of the division thus frees Dong from the conflict of being listed based on promises of a green future while still attached to oil and gas activities.

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