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Nearly nine out of 10 Canadian energy utility companies have accepted the necessity of addressing greenhouse gas management issues over the next five years, according to the findings of a global PricewaterhouseCoopers LLP survey published May 27.
The survey, "A World Beyond Recession," is based on interviews with 69 senior power utility executives from 65 utility companies in 39 countries, PricewaterhouseCoopers said.
Overall, PricewaterhouseCoopers said, two-thirds of executives surveyed reported that a shortage of capital is having a high or very high impact on their activities, and an even greater percentage, 86%, said that reduced liquidity in energy trading markets was affecting their companies. Worldwide, 79% of executives surveyed said the economic slowdown undermines the chance of an effective response to climate change concerns.