Makers of wind turbines are reporting mounting losses, and fret about losing out to rivals from China, as countries chase ambitious clean energy targets.
General Electric Co., the company Thomas Edison launched on coal power, plans to invest big in wind power and reconfigure its gas turbine business to generate clean energy under a plan to break apart the iconic industrial conglomerate.
Morgan Stanley, Walmart and others at NYC's climate week make new vows to cut carbon emissions. Meanwhile General Electric announced it will no longer build new coal-fired power plants.
