It’s no secret that I find Greenpeace to have deteriorated into an organisation that is lacking both in intelligence and ethics. So it is a bit of a relief to find their planned bid of zero to buy and shut down Vattenfalls brown coal assets has been barred.
TheLocal: Greenpeace said on Monday that it has been barred from bidding for the German coal operations of Swedish energy giant Vattenfall, which the environmental activists intended to shut down. …..
Citigroup, which had been in charge of the sale, had informed Greenpeace of its decision on Friday, arguing that the environmental protection group had no intention of standing as a bidder. Neither Citigroup nor Vattenfall were willing to comment.
“We treat all potential bidders equally,” said a Vattenfall spokesman.
Vattenfall is hoping to find a buyer for the open-cast coal mines and two power plants close to the German-Polish border amid growing resistance to fossil fuels in Germany, while public subsidies of renewable sources of energy makes coal-fired energy less profitable.
Greenpeace offered no money to purchase the activities, arguing that the lignite mines and power plants in eastern Germany were in fact a liability. It hoped to transfer the operations into a charitable foundation, paid for by Vattenfall and the German and Swedish governments, in order to phase them out by 2030.
Greenpeace started with good intentions but since the fall of communism has just become a haven for the homeless hard left. They know best what is good for others and look to impose their truths. Unfortunately they have done more to keep people in poverty than most others. It is not just that they are misguided, they have become malicious under the cloak of do-gooding.