Czech oligarchs have invested billions in coal mining in Germany's Lausitz region. The Czech firm EPH has bought four German coal plants and guarantees all jobs will be safe until 2020. Local politicians are happy, environmental activists are not.
As Vattenfall confirms the sale of its German lignite assets to Czech firm EPH, environmental groups call for a quick phase-out of the CO2-heavy industry.
Swedish company Vattenfall has announced it will sell its German lignite assets to Czech energy group EPH, citing a commitment to sustainable energy. But the sale will likely slow Germany's exit from coal power.
Sweden's state-owned utilities company looks set on making fossile fuel a thing of the past, as it puts its German coal business out for bid. The firm expects to announce a buyer by next year.
Protesters plan to shut down operations at a German brown coal mine this weekend. Their actions are part of a global network of protests against the ecological, social and economic impacts of the fossil fuel industry.
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