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Repsol, Spain's largest oil and gas company, is under fire from environmental groups for "greenwashing" its fuelsmeaning using palm oil instead of natural gasand is now facing a lawsuit from another company, Iberdrola, accusing it of unfair competition and misleading advertising, the Guardian reports.
Iberdrola, which is based in the country's Basque region and has more than 2 million electricity and gas customers, says Repsol's push for "sustainable, eco-fuels, carbon neutral, with a low carbon footprint or renewable" fuels doesn't jibe with the European Union's criteria for green products.
"They favor the overvaluation of assets considered green, which fuels the risk of bubbles," Iberdrola CEO Jon Imaz says.
Repsol, for its part, says it's focusing on decarbonization, meaning using less fossil fuel, while Iberdrola says it's focusing on competition, the Local reports.
Repsol, for its part, says Iberdrola's claims are "without foundation."
It says Iberdrola's claim that it's competing in an open market is "without foundation," as most of its customers use agricultural crops or Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports. According to a report...more
Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz...more
"A lack of paid leave, exorbitant childcare costs, and discrimination made my early career difficult at best, and for the majority of Americans, makes it nearly impossible to have a family," writes...more
Northern Illinois University's first-ever "Huskie Trek Talks: Ideas in Motion"a series of one-on-one "meet-and-greets" that the school says was designed "to foster a community of innovators driven...more
The Colin Higgins Foundation is awarding $15,000 each to two young filmmakers as part of its effort to support the next generation of leaders in the gay, lesbian, and transgender communities.Farah...more
"When students succeed, our entire community prospers," says the CEO of Florida's Barancik Foundation, which has awarded nearly $6 million in grants to support education, youth development,...more
Foundation: MacArthur Foundation
"Press freedom, facts-based storytelling, and mediamaking are urgent global issues. As our information infrastructure becomes more globalized, filmmakers worldwide must have access to resources...more
Foundation: Community Foundation for Greater New Haven
The town of Guilford, Conn., is planning to hold its first-ever " Porchfest" in 2024, the New Haven Register reports. According to the Guilford Foundation, which is organizing the event, it will...more
The University of Nebraska-Lincoln has named its 2016 recipients of the esteemed Dean's Award for Excellence in Graduate Education, the Omaha World-Herald reports. The award is given to faculty...more
A beloved Ohio music hall is getting a makeover. The Zanesville Times Recorder reports the city received a $6.5 million grant from the Ohio Department of Development, the Ohio Department of...more
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MacArthur Foundation
Community Foundation for Greater New Haven
Parkersburg Area Community Foundation
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Simons Foundation
Gates Foundation
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Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
