Companies including Nestle (NESN.S) and Ikea (IKEA.UL) on Monday urged governments to make electrification central to their economic strategies, to help reduce exposure to volatile fossil fuel costs and bolster energy security.
In an open statement seen by Reuters and backed by 112 businesses from sectors including industrials, consumer goods and healthcare, they said exposure to fossil fuel-driven price shocks undermined competitiveness.
The group, with combined annual revenues of about
