BRIEF-Fortum says EU's new targets a step in right direction

HELSINKI Wed Jan 22, 2014 9:00am EST

HELSINKI Jan 22 (Reuters) - Fortum Oyj : * Fortum says the European Commission's proposal on EU climate policy is a step in the right direction. However, it also criticises "overlapping targets" and says the proposal is a compromise that doesn't give sufficient consideration to the impact of energy costs on the region's competitiveness. (Reporting by Helsinki Newsroom)