Monday, May 23, 2011
Siemens Opts Out of the Nuclear Energy Business
Over the last few years, however, they've been stepping up their investment in renewable energy on a global basis and today they announced they plan to get out of the nuclear energy business.
We'll see how that plays out but think about it: Siemens is one of the world's largest and most successful companies. They have departments the size of a small company dedicated to rigorous data analysis.
They aren't getting out of nuclear energy and stepping up investment in renewable energy out of the goodness of their hearts, although I'm sure they're all perfectly lovely people. They're doing it because they believe it's a good business decision.
What do you believe?