Political Tinkering Stalls Fortum Spending $9 Billion Cash

  • Taxpayer aid for renewables stifles competition, CEO says
  • Finnish utility can't find large-scale green power investments

Clean-energy subsidies are standing in the way of Fortum Oyj’s mission to spend a $9 billion cash pile to transform it into a low-carbon electricity generator, according to the Finnish utility’s chief executive officer.

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