Dong Energy has appointed JP Morgan to undertake a strategy review of the company that could lead to the sale of its oil and gas business, allowing the company to fully transition to renewable energy. The move comes as China is looking for ways to reduce carbon emissions from burning fossil fuels.
Dong Energy has appointed JP Morgan to undertake a strategy review of the company that could lead to the sale of its oil and gas business, allowing the company to fully transition to renewable energy. Dong said that the sale of the division would help to raise funds more quickly for development of renewable-energy projects.