It said there would have to be a significant shift to electric cars, powered from renewable energy sources.
GE, of course, has a vested interest in the shift toward electric vehicles.
FORBES: This Is How Change Happens: GE To Buy 12,000 Chevy Volts
Nuclear power, renewables, and a shift to electric cars will be most helpful.
FORBES: Ugly Choices Ahead For Central Bankers: Will The Yen Drop 50%?
Kinder says he's looking for other pipeline partnerships to buy, and Kinder Morgan is expanding into terminals that handle coal and other dry bulk materials, hoping to capitalize on long-term trends such as the shift by electric utilities away from Appalachian coal toward cleaner- burning western coal.
In turn, this shift is supposed to flatten peak demand for electric power.
FORBES: As Power Grid Gets Smart, New Yorkers Scramble to Stay Dumb
This paradigm shift has especially important implications for how the electric power grid.
But if, as many predict, the shift from cars with conventional combustion engines to electric cars is set to remain slow for years yet, there is another, less visible, electric motoring revolution taking place.
General Electric's recent announcement is part of a massive shift in the corporate community, which increasingly believes it's not only important to address the issue of climate change because it protects the planet or because it protects their reputation and prevents risk, but because it can make them profits.
The Free Press reports that GM made a similar shift of engineering staff that was working on development of gas-electric hybrid technology in 2003.
Today, the shift is not from one fuel to another, but from imperfect to perfect electric power.
General Electric booked a stronger-than-expected fourth-quarter profit, propelled by its new shift into oil and gas equipment.
FORBES: GE: New Focus On Oil And Gas Powered Rising Q4 Profit
应用推荐