DOCSLIB.ORG

Shares and Shareholding Structure

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Shares and Shareholding Structure Shares and shareholding structure PKN ORLEN shares are quoted on the main market of the Warsaw Stock Exchange in the continuous quoting system and are included in WIG, WIG20, WIG30, WIG- Poland and WIG-FUELS – the industry index. Since 19 November 2009 PKN ORLEN`s shares have been included in the index of companies engaged in corporate social responsibility, this is called the RESPECT Index. The share capital of PKN ORLEN is divided into 427 709 061 ordinary bearer shares with a nominal value of PLN 1.25. The ownership rights of PKN ORLEN’s shares are fully transferable. PKN ORLEN shareholders1: 1 Based on disclosures for the PKN ORLEN Extraordinary General Meeting of January 24th 2017. In 2016 the largest companies stock market index WIG20 increased by 4.8% (y/y), while the WIG index increased by 11.4% (y/y). In this period PKN ORLEN’s share price increased by 25.7% (y/y. In 2016, 265 965 219 shares changed hands on the market, that is 18% less in comparison to 2015. Key data regarding PKN ORLEN’s share Key data Unit 2016 2015 2014 change % 1 2 3 4 5 6=(3-4)/4 Net profit attributable mln 5 261 2 837 (5 811) 85.4% to equity owners of PLN the Parent Company Highest share price1 PLN 87.17 85.25 49.50 2.3% Lowest share price1 PLN 57.64 47.75 36.88 20.7% Share price at the PLN 85.30 67.85 48.92 25.7% year-end1 Average price in the PLN 68.56 65.84 42.26 4.1% period1 P/E ratio average2 5.6 9.9 ( 3.1) (43.4%) P/E ratio at the end of 6.9 10.2 (3.6) (32.4%) the year Number of shares Item 427 709 061 427 709 061 427 709 061 0.0% Capitalisation at year PLN 36 484 29 020 20 924 25.7% end mn Average daily trading PLN 73 86 34 (15.1%) value mn Average daily trading Item 1 059 622 1 288 482 796 614 (17.8%) volume 1) Share price according to a closing share price. 2) P/E – stock market price / EPS. The list of financial institutions which issue recommendations and reports relating to the shares of PKN ORLEN1 Situated in Poland Situated outside of Poland BDM Haitong Bank Bank of America Merrill Lynch Morgan Stanley BOŚ Ipopema Berenberg Raiffeisen BZ WBK mBank Concorde Securities Renaissance Capital Citi PKOBP Erste Societe Generale Deutsche Bank Vestor Goldman Sachs UBS HSBC UniCredit J.P. Morgan Wood 1) As at the date of 3 February 2017. Current list of recommendations issued for the Company’s shares is available on the corporate website under: www.orlen.pl Key events alongside the quotations of PKN ORLEN in 2016: Source: Own calculations based on data from portal gpwinfostrefa.com. Quotations of PKN ORLEN on WSE in 1999 – 2016: Source: Own calculations based on data from portal gpwinfostrefa.com. Quotations of PKN ORLEN, WIG20 and WIG-FUELS on WSE in 20161 1) Percentage change of quotations of PKN ORLEN, WIG 20 in relation to the listing of 30 December 2015. Source: Own calculations based on data from portal gpwinfostrefa.com. Dividend policy The dividend policy assumed a gradual increase in the level of dividend per share by taking into account the implementation of strategic financial indicators and forecasts of the macroeconomic situation. This method does not relate the dividend to net profit, which in the ORLEN Group’s area of operations is subject to high fluctuations and can include non‑cash items, such as the revaluation of assets, inventories or loans and as a result does not fully reflect the Group’s current financial situation. The recommendation of profit distribution for PKN ORLEN for 2016 is presented in point 7.2.7.6. of the Consolidated Financial Statement for 2016. Information on dividends paid out by PKN ORLEN in previous years can be found on the Company’s corporate website at www.orlen.pl/PL/RelacjeInwestorskie/Gielda/Strony/Dywidenda.aspx.
Load more

Recommended publications
  • ORLEN Fact Book Contents
    ORLEN Fact Book Contents Who we are ..................................................................................................................................................................................................................................................................... 4 PKN ORLEN in the region. Main refinery assets in the region .......................................................................................................................................................................................... 5 Financial highlights 2001–2011; IFRS basis ..................................................................................................................................................................................................................... 6 Financial ratios ................................................................................................................................................................................................................................................................. 8 Financial highlights 2004–2011 in EUR and USD; IFRS basis .......................................................................................................................................................................................... 9 Segmental financial highlights 2008–2011 ....................................................................................................................................................................................................................
    [Show full text]
  • Employee As a Subject of Sustainable Management
    DOI: 10.2478/vjbsd-2019-0002 8 Visegrad Journal on Bioeconomy and Sustainable Development 1/2019 EMPLOYEE AS A SUBJECT OF SUSTAINABLE MANAGEMENT Katarzyna Zadros University of Technology in Częstochowa, Poland In modern companies, an employee is perceived as a particularly valuable asset whose importance increases as the company enters the path of sustainable development. This situation means that a new role is assigned to the employee, he becomes an element of human capital, or the intellectual capital of the organization; he is a stakeholder. What does this actually mean for companies and how can this situation be assessed from the employee‘s perspective? Does the concept of sustainable development influence changes in human resources management, and if so, in which areas are these changes visible in particular? Searching for the answers to these questions will be the goal of the article presented below. Keywords: sustainable development, management, corporate social responsibility, employee Introduction “Earth Summit“ in 1992 and since then, the sustainable development has been treated as a new, environmentally optimal and socially rewarding Observing the Polish and international economies, it can be seen that vision of the development of the human civilisation (Piontek, 2002; companies are increasingly implementing and realizing the principles of Renouard and Ezvan, 2018). sustainable and social responsibility development. In turn, there are studies on Together with the dissemination of the concept, it began to be perceived the implementation and realization of sustainable development, sustainable as a global reference to corporate social responsibility used in management at enterprises, sustainable management, sustainable marketing, sustainable the microeconomic level (Zieliński, 2014; Zutek, 2012).
    [Show full text]
  • Dziennik 30.10.2014
    Czwartek Dziennik 30.10.2014 Indeksy GPW WIG otw. 53 824,13 0,1% Najważniejsze informacje: WIG zam. 53 617,36 -0,3% KGHM - Wkrótce otwarcie ważnej energetycznej inwestycji w KGHM obrót (tys. PLN) 606 571,00 29,1% WIG 20 otw. 2 460,90 0,2% GPW - Zarząd będzie rekomendował dywidendę powyżej 60% zysku netto WIG 20 zam. 2 449,49 -0,3% PGE - PGE zapewnia, że zbuduje kopalnię i elektrownię Gubin FW20 otw. 2 467,00 0,2% FW20 zam. 2 450,00 -0,5% Sektor wydobywczy - Zapasy węgla na hałdach we IX spadły do 8,9 mln ton mWIG40 otw. 3 530,16 -0,2% - mWIG40 zam. 3 520,16 -0,5% Sektor węglowy S&P przyznał wstępny rating Kompanii Węglowej na poziomie „B+” Sektor finansowy - Banki do końca I ’15 przedstawią wyniki przeglądu portfeli Największe wzrosty kurs zmiana ORCOGROUP 1,58 12,9% JSW - Zakończyło się road show dot. euroobligacji NOVITA 46,98 9,4% PKN Orlen - Związki spółek grupy zarzucają władzom brak dialogu KINOPOL 12,00 8,6% BUMECH 1,72 6,8% PKN Orlen - Związki spółek grupy PKN Orlen zapowiadają protest INTERBUD 1,24 5,1% Cyfrowy Polsat - Zmiany w zarządzie bez związku z obszarem M&A – Solorz-Żak Największe spadki kurs zmiana mBank - Wyniki AQR i stress testów bez istotnego wpływu na wyniki w IV kw. MIRACULUM 2,11 -10,6% KSGAGRO 1,30 -9,1% S. telekomunikacyjny - UOKiK zgłosił zastrzeżenia dot. aukcji częstotliwości DRAGOWSKI 2,90 -8,8% - EMCINSMED 14,53 -7,1% Lotos Może zwiększyć zadłużenie o kwotę do 1,5 mld PLN SOBIESKI 46,60 -6,8% Lotos - Analizuje zakup kolejnych aktywów w Norwegii, finał raczej w '15 Najwyższe obroty kurs obrót Lobtos - Ma
    [Show full text]
  • PKN ORLEN Capital Group
    PKN ORLEN Capital Group August 2014 Integrated oil&gas company with energy assets DOWNSTREAM ° Strategic location on key pipeline network and access to crude oil sea terminals in Gdansk (Poland) and Butinge (Lithuania) ° Refineries in Poland (supersite in Plock), Lithuania and the Czech Rep. ° REBCO crude oil processing - benefiting from B/U diff ° Petrochemical assets fully integrated with the refining ° Building a 463 MWe CCGT plant in Wloclawek (Poland) RETAIL ° 2 700 filling stations: Poland, the Czech Rep., Germany and Lithuania UPSTREAM ° Poland: exploration shale gas projects as well as conventional projects ° Canada: TriOil – production assets SHAREHOLDERS KEY DATA STRUCTURE OPERATIONAL (mt/y): ° Listed since 1999 State Treasury Max. throughput capacity ca. 32.4 ° WSE ticker: PKN Petrochemical production ca. 5.8 27,52% ° Mcap: ca. PLN 18 bn** FINANCIAL (PLN bn ): 2010 2011 2012 2013 1H14 ° WSE indices included: Revenues 83.5 107.0 120.1 113.9 52.8 72,48% WIG, WIG 20, WIG 30, WIG fuels EBITDA LIFO 4.1 3.9* 5.2* 3.2 1.8* Free float * EBITDA LIFO before impairments. Impairments amounted to: 2 ** July 2014 2011 PLN (-) 1,8 bn; 2012 PLN (-) 0,7 bn; 2014 PLN (-) 5,0 bn 2 PKN ORLEN vision Strong position on large and growing markets Retail Strong customer focus Integrated value chain DownstreamDownstream Operational excellence Sustainable Upstream development Upstream Modern management culture 2008… 2013… … 2017… 3 Downstream (refining) HIGH-CLASS ASSETS COMPETITIVE ADVANTAGES ° Refinery in Plock classified as a super-site (acc. to WoodMackenzie) considering the volume and depth of processing, integration with petrochemical operations ° Modernized refining assets in Lithuania and in Litvinov ° Prepared for regulatory and market trends changes thanks to investment projects execution ° Leader on the fuel market in the Central Europe** KEY DATA THROUGHPUT AND UTILISATION RATIO mt; % Utilisation ratio % ° 32.4 mt/y - max.
    [Show full text]
  • Winter in Prague Tuesday 5 December to Friday 8 December 2017
    emerging europe conference Winter in Prague Tuesday 5 December to Friday 8 December 2017 Our 2017 event held over 4 informative and jam-packed days, will continue the success of the previous five years and host almost 3,000 investor meetings, with over 160 companies representing 17 countries, covering multiple sectors. For more information please contact your WOOD sales representative: WOOD & Company Save Warsaw +48 222 22 1530 the Date! Prague +420 222 096 452 conferences 2017 London +44 20 3530 0611 [email protected] Participating companies in 2016 - by country Participating companies in 2016 - by sector Austria Hungary Romania Turkey Consumer Financials Healthcare TMT Atrium ANY Banca Transilvania Anadolu Efes Aegean Airlines Alior Bank Georgia Healthcare Group Asseco Poland AT&S Budapest Stock Exchange Bucharest Stock Exchange Arcelik AmRest Alpha Bank Krka AT&S CA Immobilien Magyar Telekom Conpet Bizim Toptan Anadolu Efes Athex Group (Hellenic Exchanges) Lokman Hekim CME Conwert MOL Group Electrica Cimsa Arcelik Banca Transilvania Cyfrowy Polsat S.A. Erste Bank OTP Bank Fondul Proprietatea Coca-Cola Icecek Astarta Bank Millennium Industrials Luxoft Immofinanz Wizz Air Hidroelectrica Dogan Holding Atlantic Grupa BGEO Aeroflot Magyar Telekom PORR Nuclearelectrica Dogus Otomotiv Bizim Toptan Bank Zachodni WBK Cimsa O2 Czech Republic RHI Kazakhstan OMV Petrom Ford Otosan CCC Bucharest Stock Exchange Ciech Orange Polska Uniqa Insurance Group Steppe Cement Romgaz Garanti Coca-Cola Icecek Budapest Stock Exchange Dogus Otomotiv OTE Vienna
    [Show full text]
  • ORLEN Capital Group – Company Overview
    ORLEN Capital Group – company overview November 2011 1 Agenda Company overview Key segments New businesses entry Summary 2 Leading refining & petchem company operating in the biggest market in CEE PKN ORLEN – POLISH KEY PLAYER IN CEE LEADING DOWNSTREAM COMPANY Strategically located on key pipeline network. Access to the crude oil terminals in Gdańsk (Poland) and Butinge (Lithuania). Operates 7 refineries in Poland, Lithuania and the Czech Republic, including the largest and highly advanced one. Capable to process any kind of crude oil in all refineries. Currently the most economic is REBCO processing. Petrochemical assets fully integrated with the refining part. Operates ca. 2 700 retail sites in Poland, the Czech Republic, Germany and Lithuania. SHAREHOLDERS STRUCTURE KEY FACTS State Treasury PRODUCTION: Refining ca. 31.0 mt/y 27,52% Petrochemical ca. 4.1 mt/y FINANCIALS IN YEAR 2010: 72,48% Revenues PLN 83.5 bn Free float EBITDA PLN 5.5 bn Net profit PLN 2.5 bn 3 The strategy for 2009-2013 assumes further core business development, divestment of non-core assets and entry into new segements MAIN OBJECTIVES OF PKN ORLEN GROUP PRIORITIES Debt Release of capital employed through reduction working capital optimisation, assets 2009 – 2010 disinvestment in chemical segment, solving the issue of obligatory reserves Preparation for further growth : actions to improve financial performance, increase Efficiency Efficiency improvement as well as efficiency, reduce debt 2011 – 2013 improvement development and extension of the and finalize
    [Show full text]
  • ORLEN Group Presentation ORLEN
    PKN ORLEN ORLEN Group presentation ORLEN. Fuelling the future. Responsibly. August 2021 ORLEN Group – the largest multiutility concern in CEE (1/2) Refining . Refineries located in Poland, Lithuania and the Czech Rep. with total max. crude oil throughput of 35,2 mt/y. Strategic location with an access to crude oil, product pipelines and sea terminals. REBCO crude oil processing allows to benefit from Brent/Ural differential. Diversification of crude oil supplies. Petchem . Petrochemical assets fully integrated with refining. New production installations. Energy . Installed capacity: 6,1 GWt (heat) / 3,4 GWe (electricity). 70% of electricity production comes from zero and low-emission sources (RES and modern CCGT blocks located in Włocławek and Płock). Offshore wind farm project on the Baltic Sea with a maximum power of 1,2 GWe. Retail . 2854 fuel stations – the largest retail network in CEE. 2239 Stop Cafe / Star Connect coffee corners. 278 alternative fuel points. ORLEN – the most recognizable and valuable Polish brand worth PLN 10 bn. ORLEN brand present on foreign fuel stations within the Group (cobranding). Upstream . 174 m boe 2P crude oil and gas reserves in Canada and Poland. Average production 17,0 th. boe/d. 2 ORLEN Group – the largest multiutility concern in CEE (2/2) SHAREHOLDERS STRUCTURE KEY DATA 2020 State Treasury 12,4* 3,4 3,2 27,52% PLN bn PLN bn PLN bn Others 43,15% EBITDA LIFO Rekordowy wynik Record-high Detalu Record-high energy result retail result 29,33% Polish Pension Funds 38,3 29,5 mt mt Sales Crude oil volumes throughput PKN ORLEN listed on Warsaw Stock Exchange since 1999.
    [Show full text]
  • Wig30.Pdf [0.8
    RYNEK KAPITAŁOWY I SPÓŁKI Z WIG 30 W MEDIACH SPOŁECZNOŚCIOWYCH EDYCJA LIPIEC 2020 RYNEK KAPITAŁOWY I SPÓŁKI Z WIG 30 W MEDIACH SPOŁECZNOŚCIOWYCH EDYCJA LIPIEC 2020 ANALIZA POLSKIEGO RYNKU KOMUNIKACJA SPÓŁEK na poziomie ponad 32 500 i około 4 400 pracowni- KAPITAŁOWEGO W MEDIACH kami, których zatrudnia, zajmuje mBank. Materiały GIEŁDOWYCH NALEŻĄCYCH publikowane przez firmę są merytoryczne i cieszą się SPOŁECZNOŚCIOWYCH DO INDEKSU WIG30 sporym zainteresowaniem. Bank publikuje dużo infor- macji dotyczących wdrożenia pracy zdalnej i realizacji procesów przez pracowników będących na tzw. home I. SERWIS BIZNESOWY LINKEDIN office. Całość jest spójna, merytoryczna i uzupełniona PKN Orlen, LPP i mBank to najaktywniejsze spółki z WIG 30 na Linkedln, o koncept marki tworzonej przede wszystkim przez lu- a Orange, PKN Orlen i PLAY na Twitterze. Pozycję lidera na YouTube zaj- PKN Orlen, LPP i mBank to spółki z największą licz- dzi i ich historie. muje CD Projekt. Wśród portali finansowo-giełdowych największy ruch ge- bą obserwujących, przy czym lider ma ich niespełna 40 Bardzo dobrze komunikują się kolejni w zestawieniu, neruje Money.pl, przed zajmującym drugie miejsce Bankier.pl. Maciej Sam- 000. m.in. bank PKO, PZU czy Santander. Co ciekawe, to cik i Michał Szymański to najpopularniejsi blogerzy finansowi, a Wojciech W spółce PKN Orlen, według danych serwisu, za- właśnie PKO, który w rankingu liczby obserwujących Białek lideruje blogerom giełdowym. Krzysztof Berenda (RMF 24), Rafał trudnionych jest około 1 800 pracowników mających zajął 4. miejsce, zatrudnia największą liczbę pracowni- Hirsch (Business Insider) i Michał Szafrański (Jak Oszczędzać Pieniądze) także konto na LinkedIn. Analizując język komunika- ków z aktywnymi kontami na LinkedIn.
    [Show full text]
  • KGHM, Millennium, Pgnig, PKN Orlen, PZU, Budimex, Mostostal
    Dziennik 30 lipca 2019 r. Komentarz dnia: Indeksy GPW zmiana WIG otw. 60 151,6 -0,2% PGNiG opublikował wstępne wyniki za drugi kwartał 2019 roku. Na poziomie przychodów WIG zam. 59 678,7 -0,8% okazały się one lepsze od oczekiwań. Natomiast w odniesieniu do zysku netto czy EBITDA wyniki są poniżej prognoz. Pozytywnym elementem są niższe straty w segmencie handlu gazem. obrót (mln PLN) 407,1 -27,7% Całość wyników oceniamy neutralnie. WIG 20 otw. 2 307,1 -0,2% WIG 20 zam. 2 285,9 -0,9% FW20 otw. 2 282,0 -0,3% WIG30: FW20 zam. 2 266,0 -0,9% KGHM - Nie żyje Rafał Pawełczyk, dyrektor do spraw nadzoru korporacyjnego w KGHM mWIG40 otw. 4 007,7 -0,3% mWIG40 zam. 3 971,5 -0,7% Millennium - Większość kosztów integracji z Euro Bankiem pod koniec '19 i na pocz. '20 Millennium - Po wyroku TSUE kluczowe będzie orzecznictwo krajowych sądów - B. Millennium Największe wzrosty kurs zmiana PGNiG - Szacunkowe wyniki PGNiG w II kw. 2019 roku vs. konsensus PAP Telekom Austria AG 6,84 1,8% LiveChat Software 33,40 1,5% PKN Orlen, PZU - Orlen i PZU planują wspólne zakupy marketingowe Millennium 7,91 1,3% Magyar Telekom 438,00 1,2% Pozostałe informacje: Echo 4,60 1,1% Sektor finansowy - UKNF nie dostrzega zagrożeń dla stabilności stawki WIBOR Największe spadki kurs zmiana Budimex - Grupa szacuje EBIT za I pół. '19 na 111,38 mln PLN, a zysk netto j.d. na 72,1 mln PLN Ciech 38,50 -4,9% Alior Bank 48,28 -4,7% Mostostal Warszawa - Oferta Mostostalu Warszawa o wartości 609 mln PLN wstępnie Enea 8,32 -4,5% wybrana przez GE Power Mabion 85,00 -4,1% Mostostal Warszawa -
    [Show full text]
  • PKN ORLEN Group – Company Overview
    PKN ORLEN Group – company overview March 2011 1 Agenda Company overview Key segments New businesses entry Summary 2 Leading refining & petchem company operating in the biggest market in CEE PKN ORLEN – POLISH KEY PLAYER IN CEE LEADING DOWNSTREAM COMPANY Strategically located on key pipeline network. Access to the crude oil terminals in Gdańsk (Poland) and Butinge (Lithuania). Operates 7 refineries in Poland, Lithuania and the Czech Republic, including the largest and highly advanced one. Capable of processing in all refineries any kind of crude oil . Currently the most economic is REBCO. Petrochemical assets fully integrated with the refining operations. Operates ca. 2 600 retail sites in Poland, Czech Republic, Germany and Lithuania. SHAREHOLDERS STRUCTURE KEY FACTS State Treasury PRODUCTION: Refining ca. 30.0 mt/y 27,52% Petrochemical ca. 3.5 mt/y FINANCIALS IN YEAR 2010: 72,48% Revenues PLN 83.5 bn Free float EBITDA PLN 5.5 bn Net profit PLN 2.5 bn 3 The strategy for 2009-2013 assumes further core business development, divestment of non-core assets and entry into new attractive business areas Main objectives of PKN ORLEN Group Priorities Debt Release of capital employed through reduction working capital optimisation, assets 2009 – 2010 disinvestment in chemical and telecom segments, solving the issue of obligatory Preparation for further reserves growth : actions to improve financial performance, increase Efficiency Efficiency improvement as well as efficiency, reduce debt 2011 – 2013 improvement development and extension
    [Show full text]
  • The Mineral Industry of Poland in 2016
    2016 Minerals Yearbook POLAND [ADVANCE RELEASE] U.S. Department of the Interior March 2021 U.S. Geological Survey The Mineral Industry of Poland By Lindsey Abdale In 2016, Poland’s economy was the 9th largest in Europe Other relevant laws and policy documents include the and the 23d largest in the world in terms of gross domestic Polish Energy Law of April 10, 1997; the Environmental product (GDP). Poland was estimated to be Europe’s Protection Law of April 27, 2001; the Act on Reserves second-ranked producer of coal, the third-ranked producer of Crude Oil, Petroleum Products and Natural Gas of of copper, and the fourth-ranked producer of cement. Poland February 16, 2007; the Energy Policy of Poland Until 2030 was the world’s second-ranked producer of rhenium, seventh- of November 10, 2009; and the Act on Tax on Extraction of ranked producer of feldspar (tied with the Republic of Korea Certain Minerals of March 2, 2012 (Rutkowska-Subocz, 2012; and Spain) and helium, eighth-ranked producer of peat and Library of Congress, 2013). silver, and ninth-ranked producer of selenium (not including the United States). Other commodities, such as lime, nitrogen Production (ammonia), salt, industrial sand and gravel, and sulfur were also In 2016, the production of bentonite increased by 120% produced in significant quantities (Central Statistical Office of to 1,000 metric tons (t); gold, by 30.9% to 3,539 kilograms; Poland, 2017, p. 755, 756; World Bank, The, 2017b; Anderson, synthetic gypsum, by 30.7% to 3,659,000 t; refractory quartzite, 2018; Apodaca, 2018; Bennett, 2018; Hamak, 2018; Polyak, by 17.5% to 64,500 t; and ferroalloys, by 15.3% to 90,699 t.
    [Show full text]
  • FACTFILE: COP24 Corporate Sponsors
    FACTFILE: COP24 corporate sponsors Name of company: Tauron (Tauron Polska Energia S.A.) Country: Poland Industry: Power generation Description of company: Poland’s second biggest electricity generator and supplier, mainly from coal and gas. Profit in 2017: €327m (PLN 1.4 billion) Does State have large ownership stake? Yes. Specific climate-wrecking activities: Tauron only narrowly missed out on being among the ten most polluting coal companies in Europe. It is still responsible for 260 premature deaths, 70,000 working days lost, and health costs as high as €700m in 2016. Not only does it produce electricity from coal and gas, it also mines 29 percent of the hard coal in Poland, a staggering figure given that more than 80 percent of the country’s electricity is from coal. Specific climate-wrecking lobbying: Tauron teamed up with two of Poland’s other coal giants, PGE and Enea, to lobby Brussels over emissions restrictions proposed by the European Commission that would affect the public subsidies its coal plants were receiving. Luckily for Tauron, but certainly not the climate or anyone living near their facilities, its coal plants continue to be eligible for subsidies. Greenwashing activities: Tauron launched a network of electric car-sharing vehicles and green charging stations with ING Bank Slaski in Katowice in November, aimed at guests of the COP as well as locals. However, it has failed to mention that the electric cars will be powered primarily from coal- generated electricity. Not so green after all, but definitely good for Tauron. Name of company: JSW (Jastrzębska Spółka Węglowa) Country: Poland (with operations in the U.S.
    [Show full text]