Canadian Manufacturing

GE to pump $10B into energy R&D through 2020

The new spending will be announced by Chief Executive Jeff Immelt on Monday



TORONTO—General Electric Co. will invest $10 billion through 2020 to intensify research on complex energy projects such as waterless fracking and gas turbine efficiency.

Reuters Canada is reporting the new spending in GE’s “ecoimagination” budget will be announced by Chief Executive Jeff Immelt on Monday.

Read the Reuters story GE to spend another $10 billion on energy research by 2020 on its website here.

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