Repsol: Environmentalists Denounce It for Greenwashing


credit:

Repsol, Spain's largest oil and gas company, is under fire from environmental groups for "greenwashing" its fuelsmeaning using palm oil instead of natural gasand is now facing a lawsuit from another company, Iberdrola, accusing it of unfair competition and misleading advertising, the Guardian reports.

Iberdrola, which is based in the country's Basque region and has more than 2 million electricity and gas customers, says Repsol's push for "sustainable, eco-fuels, carbon neutral, with a low carbon footprint or renewable" fuels doesn't jibe with the European Union's criteria for green products.

"They favor the overvaluation of assets considered green, which fuels the risk of bubbles," Iberdrola CEO Jon Imaz says.

Repsol, for its part, says it's focusing on decarbonization, meaning using less fossil fuel, while Iberdrola says it's focusing on competition, the Local reports.

Repsol, for its part, says Iberdrola's claims are "without foundation."

It says Iberdrola's claim that it's competing in an open market is "without foundation," as most of its customers use agricultural crops or Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Esg Lays the Groundwork, Impact Investing Extends the Boundaries

When it comes to environmental, social, and governance (ESG) issues, many investors are looking to invest in companies that have a positive social or environmental impact. But when it comes to...more

Reynders, Mcveigh Capital Management Is the Latest Customer to Go Live on Ridgeline'S ...

"To differentiate and compete, you really have to pay attention to technology," says Chat Reynders, CEO of Reynders, McVeigh Capital Management. "It was becoming clear to me that our tech wasn't...more

The Earth Is Falling to Pieces and It'S Connected to Climate Change

"Take a jigsaw puzzle of our planet, an amazing planet, and you'll have amazing pieces to fit there. Rivers, oceans, land, people, 8 million species, and they all exist in perfect harmony," says...more

Equities News Announces Second Athlete-Turned-Entrepreneur Partner, Craig J. Lewis ...

Craig Lewis used to be a pro basketball player. Now he's a tech entrepreneur. Lewis founded Gig Wage, a company that helps workers earn extra money by using facial recognition technology, and...more

Navigating the Evolution: Financing Trends in India'S C&Amp;I Rooftop Solar Market

There's a huge market for solar power in India, and it's thanks in large part to government incentives, reports the Wall Street Journal. In fact, the country had just one megawatt-hour of solar...more

Interview with David Craig: Nature Presents a Risk and a Missed Opportunity

Treehugger's list of the world's top tree-huggers is out, and it includes a company that's "one of the world's biggest tree-huggers," per Business Insider. That would be British telecom company...more

Interview with David Craig: Nature Presents a Risk and a Missed Opportunity

Treehugger's list of the world's top tree-huggers is out, and it includes a company that's "one of the world's biggest tree-huggers," per Business Insider. That would be British telecom company...more

Axa Im: Impact Investing Has a Performance Problem

"If you want to have impact, then IT, healthcare, and industrials will be the core three elements." That's what Anna V ? n ? 'nen, head of listed impact equity at AXA Investment Managers, has to...more

Funding the Future; How Business Leaders Can Transform African Healthcare
Foundation: GlobalGiving

"The main threat is the long-standing lack of sufficient funding for healthcare systems," Ota Akhigbe writes at the Conversation. "This funding gap means millions cannot get basic health care,...more

The Impact Investing Case for Telecom Companies

"We are so used to being almost permanently online that we don't really appreciate what we have and do not really know what to do when we're not," Joni Mitchell wrote in her 1970s song "Big Yellow...more





Social enterprise, HandiConnect, wins the Audacious-Business Idea competition’s Doing Good category. The company is spearheaded by University of Otago entrepreneurship master’s student Nguyen Cam Van.



Federal Government Grant and Assistance Programs


Affordable Care Act: Coordinating Center for Interprofessional Education and Collaborative Practice | Child Development and, Surveillance, Research and Prevention | Denton Program | Preventive Health and Health Services Block Grant | Veterans Homelessness Prevention Demonstration Program | Intermediary Relending Program | Wetland Program Grants State/Tribal Environmental Outcome Wetland Demonstration Program | Taxpayer Service | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders