Going Green in Germany Looks Like Hardest Job for Fortum CEO
- Carbon emissions at German subsidiary have jumped this year
- Fortum keeps options open on buying more Uniper shares
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Turning Fortum Oyj’s German subsidiary into a clean power generator could be the toughest gig yet for Chief Executive Officer Markus Rauramo.
Carbon emissions are rising more than expected at Uniper SE after a rally in power prices and surging post-pandemic demand boosted output at legacy coal and gas plants. Curbing pollution from such facilities will be vital for programs like the European Union’s “Fit for 55” strategy to succeed since no other industry emits as much CO2.