Fortum calls Uniper greener strategy a step in the right direction [Reuters]
FORTUM OYJ CP UNSP/ADR (FOJCY)
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Source: Reuters
Fortum calls Uniper greener strategy a step in the right direction * Uniper going ahead with coal plant * Says it can still aim for carbon neutrality * But carbon neutral goal excludes Russia Helsinki, March 13 (Reuters) - Energy group Uniper’s new strategy to shift towards greener generation is a step in the right direction, Finland’s Fortum, its major shareholder that has been trying to take over its German peer, said on Friday. In a strategy update, Uniper said on Wednesday it would shut down most of its German coal-fired plants by 2025, but would as planned in June start up its new Datteln4 coal plant, which is expected to operate until 2040. As Germany intends to exit coal as an energy source by 2038, Uniper’s Chief Executive promised the company’s energy production would be carbon neutral by 2035 despite Datteln4’s emissions. “Uniper’s strategy is a clear step in the right direction and underlines the strategic rationale of Fortum’s investment in Uniper. We are especially please
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