Fortum Quo Vadis

Building a zero carbon economy is an exciting challenge. Will Finland and Fortum turn Uniper around to become a leader of the energy transition?

Fortum is rethinking it’s strategy in 2020. In the middle of a climate emergency, it may not be the best time to invest in more fossil fuels. But Fortum owns Uniper, which has lots of coal and fossil gas infrastructure – and wants to build more. What way forward for Fortum & Uniper? The Finnish government which owns both has set an ambitious climate target – and is struggling to get Uniper and Fortum on board for a quick energy transition.

In this context, we would like to have a conversation about whether fossil gas, such as the proposed LNG terminal in Wilhelmshaven that would import (fracked) gas into Europe, has a future and whether replacing coal plants with renewables could be an alternative to selling them off to others who might keep them running.

Our guiding question: 

Transitioning out of fossil gas and coal – what should Fortum do to lead the way?

Speakers:

  • Krista Mikkonen, Finnish Minister of the Environment and Climate Change
  • Michael Bloss, Member of the European Parliament
  • Steve Herz, Sierra Club
  • Frida Kieninger, Food&Water Action Europe
  • Chiara Arena & Lennart Tiller, Climate Activists
  • Jan Bondaruk, GIG Research Institute
  • Kaarina Kolle, Europe Beyond Coal Campaign
  • Jan Erik Saugestad, Storebrand Asset Management

The event was co-hosted by Michael Bloss, LINGO and Hiilivapaa Suomi.

Moderator: Oras Tynkkynen

Watch the full webinar below.

 

The event was made possible thanks to the support of the International Alumni Center of the Bosch Alumni Network.