The FT’s Gideon Rachmann recognises that the world is facing “two energy crises” in an excellent column in the British newspaper today. One of them is climate change, the other the struggle for declining energy resources. “Politicians find themselves pulled in two directions”, writes Rachmann.
Swedish energy giant Vattenfall has quickly lost the “green leadership” image that had been built up by its executive directorLars Josefsson. Lobbying politicians openly for a global climate cap and trade system, Josefsson set up the 3C Initiative, which brings together more than 40 big businesses to fight global warming. But in the last two weeks, the company lost a lot of its “green shine” when it tried to cover up problems at two of its nuclear power plants in Northern Germany. More on this in Swedish online newspaper The Local and Financial Times Germany.