DONG Energy on October 2, announced to shareholders that it was changing its name to Ørsted to better reflect the profound strategic transformation from black to green energy and the company’s recent divestment of the upstream oil and gas production.

Thomas Thune Andersen, Chairman of the Board of Directors, explained that “DONG was originally short for Danish Oil and Natural Gas. With our profound strategic transformation and the divestment of our upstream oil and gas business, this is no longer who we are. Therefore, now is the right time to change our name.”

Andersen said that the company envision a world that runs completely on green energy, adding, “we need to fundamentally change the way we

Read More At Article Source | Article Attribution