What big changes are in store for the energy sector?

In one of our previous posts, we announced that the Council’s next forum will be focusing on energy and the environment as an overall theme.   While the forum is still some time away, there may be some big changes happening right now in the energy sector that can be explored.

As you may already know, General Electric, one of the largest multinational conglomerates, worth over $260 billion, has launched a bid to acquire Alstom’s energy business. Alstom, the French company known for making high-speed TGV trains and a range of high-tech energy equipment, yesterday confirmed that it would back the offer by GE despite a proposition from the German company, Siemens, and despite the concerns expressed by the French government.

Such an acquisition for GE could have huge implications for the energy sector. According to Alstom chief executive, Patrick Kron, “The combination of the very complementary energy businesses of Alstom and GE would create a more competitive entity to better service customer needs.”

What do you think should happen? Let us know by answer the opinion poll below or leaving a comment.

Also, check out a few articles we found interesting about the potential merger.

Alstom Backs G.E.’s Offer Despite French Government’s Concerns – IHT.com

Alstom forges ahead with energy unit sale to General Electric – FT.com

GE eases ahead in race for Alstom power assets

Crisis at Alstom Spells Opportunity for GE, Siemens – The Wall Street Journal

More than just an annual forum, the Council on Business & Society  is an ongoing international dialogue – The Council Community helps bring together business leaders, academics and journalists from around the world. #CouncilonBusinessandSociety

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