“Happy RWE shareholders, angry environmentalists”
Municipal shareholders have stressed the importance of utility RWE’s dividend payouts to the communal coffers at the company’s annual general meeting, Frankfurter Allgemeine Zeitung (FAZ) reports. CEO Martin Schmitz’s speech was repeatedly interrupted by environmentalists protesting the company’s continued use of coal, which Schmitz defended as an “important part of secure and affordable energy”. But even some shareholders pointed to the risk of losing more sustainability-oriented investors, FAZ reports.
Find background in the CLEW dossier Fighting for survival: Germany’s big utilities look for a future in the new energy world and When will Germany finally ditch coal?