mBank: we will take your custom, and your future.
Yesterday (28.03.2019) mBank published a policy which excludes financing new mines and coal-fired power plants. In response to a minority shareholder's questions about bank’s approach to climate targets set in the Paris Agreement, mBank's CEO stated that they do not have a sufficient know how for further changes. He also claimed that radically limiting relations with the largest greenhouse gas emitters in Poland would be unjustified.
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"Reduce" for Energa. Brokerage analysts list problems with Ostrołęka C
BDM Brokerage started issuing recommendations for Energa with "reduce". The reason for the negative recommendation is the continuous lack of financing for Ostrołęka C, many months of delays in the construction of the power plant and the associated future penalties.
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Energy company challenges European Commission for the Polish capacity market. Contract for Ostrołęka C under threat
Tempus challenges European Commission’s approval of Polish energy subsidy scheme, claiming it shuts cleaner, cheaper technologies out of the market and deprives European consumers of a better future. This threatens to invalidate power auctions, including the contract for Ostrołęka C.
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SCOR: we will not insure Ostrołęka C
French SCOR - one of the largest European reinsurance companies - is clearly dissociating itself from any involvement in the Ostrołęka C power plant construction project.
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It's supposed to be wind and gas, not coal. PGE considers joining an unprofitable project, its shares falls.
In October 2018 PGE, Poland’s largest utility, declared that the company's priority was not coal, but wind and gas. In response to the information announced on 7 January 2019 that the company wass considering joining the Ostrołęka C coal construction project, the prices of PGE shares are falling and analysts warn that involvement in the project is risky.
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