Meet the ‘Czech Sphinx’ who pockets green subsidies while polluting Europe.
Europe
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What’s the news?
- Czech billionaire and energy magnate Daniel Křetínský has made an unusual public intervention: calling on the EU to delay carbon emissions targets and rely on fossil fuels until green alternatives become cheaper.
- An investigation by Follow the Money reveals how Křetínský would gain from such a strategy, as he invests heavily in coal and gas, while taking hundreds of millions in subsidies from governments who say they want to transition to green energy.
Why does it matter?
- While Křetínský keeps a low public profile, his vast wealth – along with investments in retail and logistics – has made him an increasingly influential figure.
- His call for targets to be delayed comes at a pivotal moment for European policymakers, as Trump’s support for fossil fuels and roll-back of environmental protections send shockwaves around the world.
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System shared this topic on
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What’s the news?
- Czech billionaire and energy magnate Daniel Křetínský has made an unusual public intervention: calling on the EU to delay carbon emissions targets and rely on fossil fuels until green alternatives become cheaper.
- An investigation by Follow the Money reveals how Křetínský would gain from such a strategy, as he invests heavily in coal and gas, while taking hundreds of millions in subsidies from governments who say they want to transition to green energy.
Why does it matter?
- While Křetínský keeps a low public profile, his vast wealth – along with investments in retail and logistics – has made him an increasingly influential figure.
- His call for targets to be delayed comes at a pivotal moment for European policymakers, as Trump’s support for fossil fuels and roll-back of environmental protections send shockwaves around the world.
Kretinsky a cretin billionaire, who could see that one coming?
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What’s the news?
- Czech billionaire and energy magnate Daniel Křetínský has made an unusual public intervention: calling on the EU to delay carbon emissions targets and rely on fossil fuels until green alternatives become cheaper.
- An investigation by Follow the Money reveals how Křetínský would gain from such a strategy, as he invests heavily in coal and gas, while taking hundreds of millions in subsidies from governments who say they want to transition to green energy.
Why does it matter?
- While Křetínský keeps a low public profile, his vast wealth – along with investments in retail and logistics – has made him an increasingly influential figure.
- His call for targets to be delayed comes at a pivotal moment for European policymakers, as Trump’s support for fossil fuels and roll-back of environmental protections send shockwaves around the world.
Thanks, good of FTM to expose him. Here is an archived version of the article btw: http://archive.today/2025.04.03-085847/https://www.ftm.eu/articles/largest-coal-miner-europe-green-subsidies
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System shared this topic on
