that shareholders vote against the proposal, citing instability caused by fluctuating commodity prices, and a desire to recognize the “global need for essential goods and services produced by high-emitting” sectors.
But the Refintiv data, showing RBC’s involvement in the credit lines for Germany-based RWE in 2022, raises complicated questions about how banks reach those climate goals. , both RWE plants are in the top three of CO2-emitting sources in the European Union’s Emissions Trading System.In recent years, RWE has invested heavily in wind and solar energy, becoming one of Europe’s largest producers of renewable energy.
In response to the stoppage of natural gas from Russia, Germany has reopened some lignite coal-fired power generation plants and prolonged the operation of others.