Fortum CEO slams subsidies

Like his colleagues at Vattenfall and E.ON, Fortum CEO Pekka Lundmark is highly critical of Sweden’s tax on nuclear power production, and expresses surprise over Swedish politicians’ lack of foresight. “The public sector is in need of tax income, but if you just keep raising taxes until you force the closure of your source of income, then you will have no tax income at all,” he says.

Lundmark believes that if the world is to be saved from greenhouse gases then it has to be done via market mechanisms. He would like to see a hike on carbon taxes and the scrapping of subsidies.