Not Convinced Cop15 Deal Will Occur: CEO

3:45 AM ET Wed, 9 Dec 2009

"I am convinced actually that we are not getting legally binding targets in Copenhagen," Lars G. Josefsson, CEO of Vattenfall, said Wednesday. "But it is also not necessary because what we need, what business needs, what the world needs, is actually the thrust in a new direction that will lead up to binding targets."