Economy & FinanceScandinavia

The Danish government wrong to cede control over energy to US investment firm Goldman Sachs

The Danish government on Thursday defended its decision to sell 19 percent of the state-owned energy company Dong to US investment firm Goldman Sachs.

The Danish parliament’s financial commission is due to rule on the move next week.

The left-liberal daily Politiken argues that a discussion is needed about whether any stake at all in the state company should be sold:

Control over critical infrastructure is a defining characteristic of the state. Giving up power over the distribution network for gas and other vital areas of the energy supply network entails a loss of sovereignty that no amount of money can make up for.

… If the project goes ahead as planned, we will have less and less say. This influence will pass into the hands of Dong’s future owners – whoever they may be. But then it will be too late to regret the decision. The conclusion is clear: withdraw the proposal. Come to your senses before we lose the power to make our own decisions.

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