CEO Of Europe’s Top Utility: Power Generation From Gas Is “Stupid” ...Middle East

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CEO Of Europe’s Top Utility: Power Generation From Gas Is “Stupid”
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It is “stupid” to use natural gas for heating homes or generating electricity when there are better alternatives, the CEO of Europe’s largest utility told CNBC on Tuesday, noting that gas should be used for industrial processes where it is still irreplaceable.   Europe uses “too much gas” to produce electricity, Francesco Starace, chief executive at Italian power giant Enel, told CNBC on the sidelines of the World Economic Forum in Switzerland. Gas is used “in a stupid way, because burning gas to produce…

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