Anna Borg says she “fell into” a career in energy, but 24 years after starting work at the Swedish state-owned power business Vattenfall in her twenties, she has reached the top of the organisation. As its new chief executive since early November, she leads a business that provides power, gas and heat to millions in the UK and across Europe, making annual sales of about £15bn and employing 20,000 people. Like many in the industry, Vattenfall is now trying to provide energy with lower carbon emissions, selling off its German lignite coal operations in 2016 and phasing out coal as part of its long-term aim to become “fossil-free”. Borg embarks on the plan as the shift towards renewable energy rapidly gathers pace. Costs are falling, governments are legislating to try to mitigate global warming, and public opinion has swung behind a shift to green technologies. “The last component is that the financial markets are starting to consider anything fossil a risk,” says Borg.
Telegraph 26th Nov 2020 read more »