mBank’s vision for the youth - corporate bonds for coal Enea
Polish mBank admits that it will support Enea in its corporate bond issue and assures that the money will not go to the construction of Ostroleka C power plant or any other coal-based projects. Is this naivety or ignorance?
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Shareholders seriously concerned - Enea under fire of questions about the rationale behind Ostrołęka C project
Ostrołęka C provoked a heated discussion during the General Meeting of Shareholders of Enea on 20 May 2019. The shareholders are seriously concerned about the growing debt of the company, which, as one of them said, "has been running up a debt to invest in something that does not bring profits".
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Office of Competition and Consumer Protection to control Ostrołęka C?
The Office of Competition and Consumer Protection (UOKiK) was notified of suspected use of practices restricting competition related to PGE's involvement in the Ostrołęka C development.
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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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