SSE to invest billions more in green power as it rejects break-up call
by Jillian Ambrose Energy correspondent from Environment | The Guardian on (#5S0VK)
FTSE 100 energy firm defies call to split off renewables business with extra 1bn of green investments every year to 2026
SSE has rebuffed calls to break itself up, and announced a multi-billion pound plan to boost investment across its renewable energy and electricity networks businesses.
The FTSE 100 energy firm faces pressure from Elliott Management, an aggressive activist hedge fund, to split off its fast-growing renewable energy business. Elliott has built up a stake in the company this year.
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