Hall responds to criticism

vattenfall_magnus_hall_600_256The planned divestment of Vattenfall’s German lignite business was one of the key issues on the agenda at the state-owned utility’s AGM on Monday. Left leader Jonas Sjöstedt wondered what environmental requirements were being made of potential buyers, to which CEO Magnus Hall replied: “Our view is that the environmental requirements for brown coal are a matter for the German government, not for Vattenfall”.

Hall denied rumours in the international press that the company is facing delays in the planned sale of its lignite business, following concerns over a proposed coal emissions levy.

“The process is most definitely not on hold. Our hope is that by the end of the year something will be on the table that the government can consider,” he said.