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Iberdrola sues Repsol for exaggerating biofuels efforts and presenting itself as leader in energy transition

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iberdrola solar

Posted By: The Corner 28th March 2024

Alphavalue/Divacons| Iberdrola has filed a complaint against the oil company, accusing it of greenwashing, El País reported on Tuesday. Iberdrola is suing Repsol for distorting reality by exaggerating its biofuels efforts to the public and presenting itself as a leader in the energy transition, while 99.4% of its revenues come from non-renewable energy.

Iberdrola: Add, Target Price €13.1/share.

Repsol: Add, Target Price €17.8/share.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.