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Created before Nov 2016
Last update: 2019-04-30 11:09:16
Yann Louvel - BankTrack
Climate & Energy Campaign Coordinator - Tel: +33 1 48 51 18 92
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Why this profile?
RWE has acknowledged that it is Europe's biggest single emitter of CO2 and therefore contributes to the acceleration of climate change. It is also threatening a socially just energy transition in one of Europe's most important economies.
RWE is a large German energy company, founded in 1898, and is active in the generation, trading, transmission and supply of electricity and gas. It has a generation capacity of 25 gigawatt, of which 42% comes from coal power plants (lignite 25% and hard coal 17%). The coal share of power production of RWE is 51% (37% lignite and 15% hard coal). RWE's coal power plants are located in Germany, the United Kingdom, the Netherlands, Belgium, and Central and Eastern Europe. RWE’s lignite is mainly mined from their own open-cast mines in North-Rhine Westfalia. Besides coal, RWE’s generation capacity consists for 35% of gas, 10% of nuclear and 6% of renewables.
Rolf Martin Schmitz |
listed on Düsseldorf Stock Exchange & Frankfurt Stock Exchange
RWE's share holder structure can be viewed here.
RWE has acknowledged that it is Europe's biggest single emitter of CO2 and therefore contributes to the acceleration of climate change. In 2017 gas accounted for 35% of RWE’s generation capacity, followed by lignite (25%) and hard coal (17%). In addition nuclear had a share of 10% and renewables accounted for 6%. Besides the burning of gas, hard coal and lignite, RWE is involved in mining lignite which is the dirtiest of fossil fuels. RWE mines almost 100 million tons of lignite each year in its three open cast mines in North-Rhine Westfalia: Garzweiler 35 million tons; Hambach 40 million tons and Inden 22 million tons. The company also runs several lignite power plants of which three are part of Europe's five most polluting power plants.
In November 2015 Saúl Luciano Lliuya, a Peruvian farmer and mountain guide, filed a lawsuit against RWE with the help of Germanwatch. RWE's enourmous emissions threaten Raúls family, property and a large part of his home city of Huaraz.
Since 2015 the Hambach mine has become a focus of the activist alliance Ende Gelände who use civil disobedience to stop the lignite mining. RWE's Hambach mine threathens the 12,000 year old Hambacher forest, home to an oak-hornbeam woodland and 142 species of birds, 10 species of baths and rare animals protected under EU law, such as the middlespotted woodpecker, the spring frog or the dormouse. Today only 10% of the forest is left and RWE plans to clear 70ha a year to enable their Hambach mine to expand. Activists have occupied the forest and try to stop the clearance by means of tree houses.
Lignite open pit mines have swallowed entire villages and RWE has resettled 35,000 people in the last 50 years. The villages are mostly resettled a few kilometers further including houses, churches and cementaries. The Garzweiler mine - although in operation since 2006 - has caused the resettlement of six villages and four more villages (Unterwestricht, Oberwestrich, Kuckum and Beverath) are planned to be resettled before 2028. In addition the villages of Manheim and Morschenich will be resettled before 2022 and 2024 respectively to make space for the Hambach mine which has already resettled four villages.
RWE cancels plans for BoAplus project at Niederaussem site
In a press release, RWE has stated that it will focus on electricity generation from renewable energy sources. Consequently, the company will no longer invest in new built of coal-fired power stations. Plans for the BOAplus project, a lignite power station at the company’s site in Niederaussem in Germany, have been cancelled.
RWE's controversial Hambach coal mine faces protest
RWE announced to clearcut the forest to enlarge the Hambach mine despite the negotiations happening in the coal commission for a coal phase out. The Hambach forest is occupied by activists that are resisting the clearcutting of trees and living in different villages of tree houses. Environmental NGOs declared that clearcutting the forest during coal-phase out negotations would endanger their participation in the coal commission. After the regional higher court announced to decide on the legal challenge of BUND to suspend the clearcutting season for enlargening the Hambach mine, RWE agreed yesterday to a standstill agreement until the verdict is out meaning that RWE is not allowed to clearcut the forest until Oct 14. But despite doing so RWE took advantage of the unclear situation in the previous days to destroy the ground structures of the occupation, sweeping the ground of the forest like a kitchen floor from everything that activists needs for daily subsistence.
Between 2014 and 2017 33 financial institutions loaned a total of USD 5.510 billion and provided a total of USD 3.055 billion in underwriting service to RWE. These are specified below.