Misleading media coverage and a lack of regulatory oversight are contributing to a huge climate blind spot: that both private and institutional investors have poured billions into Eni’s “green-labelled” bonds, under terms and conditions which give them the freedom to continue to fund carbon-emitting activities.
Eni also owns be charge, Italy’s #2 charging network
Using the “Ukraine war, sorry gas is expensive” excuse they have a 1000% markup on the chargers. At 1€/kWh, the electricity they’re selling is more expensive than gas.
Not sure why if 2 years ago methane prices skyrocketed (now back to normal), then now 100% renewable energy (they claim that their chargers exclusively use renewables) should be sold at such markup.
Another shitty action that they’ve done is that they won the bid by the government+eu to install thousands of chargers within a short amount of time, then 6 months later admitted that they can’t do it, give up. Assholes, it is now impossible for a competitor to submit and execute a new plan before the deadline set by EU
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