Investor letter to the CEO and the board: Fortum facing regulatory, litigation and market risks from coal plans misaligned with the Paris Agreement

A group of European investors warns Fortum that its support for the Datteln 4 coal plant in Germany and Uniper's legal threats against the Dutch government are misaligned with the Paris Agreement and expose the company to significant market and litigation risks. The investors highlight that 79% of EU coal capacity is already loss-making and urge Fortum to commit to a net-zero emissions trajectory by 2050.

• Investors argue that Fortum's support for the opening of the Datteln 4 coal plant in Germany is incompatible with an ambitious decarbonisation path and threatens the OECD's 2030 coal phase-out deadline necessary to maintain a 1.5°C carbon budget.
• The investors express concern over Fortum's support for Uniper's threat to initiate an ISDS lawsuit against the Dutch government following the Netherlands' decision to ban coal-fired power generation by 2030.
• Coal power in Europe faces a declining economic outlook due to rising carbon prices and falling renewable costs, with 79% of EU coal generating capacity currently operating at a loss.
• New coal projects in Europe lack a social license and are increasingly vulnerable to successful legal challenges, as demonstrated by recent events in Poland.

APA

Reclaim Finance (2020). Investor letter to the CEO and the board: Fortum facing regulatory, litigation and market risks from coal plans misaligned with the Paris Agreement. https://reclaimfinance.org/site/wp-content/uploads/2020/03/JointInvestorLetter_Fortum2020.pdf

Chicago

Reclaim Finance. Investor letter to the CEO and the board: Fortum facing regulatory, litigation and market risks from coal plans misaligned with the Paris Agreement. 2020. https://reclaimfinance.org/site/wp-content/uploads/2020/03/JointInvestorLetter_Fortum2020.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Investor letter to the CEO and the board: Fortum facing regulatory, litigation and market risks from coal plans misaligned with the Paris Agreement |date=17 March 2020 |url=https://reclaimfinance.org/site/wp-content/uploads/2020/03/JointInvestorLetter_Fortum2020.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2020investor, author = {{Reclaim Finance}}, title = {{Investor letter to the CEO and the board: Fortum facing regulatory, litigation and market risks from coal plans misaligned with the Paris Agreement}}, publisher = {Reclaim Finance}, year = {2020}, month = mar, url = {https://reclaimfinance.org/site/wp-content/uploads/2020/03/JointInvestorLetter_Fortum2020.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }