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Daniel Křetínský: The Czech businessman profiting by frustrating the energy transition – with ING’s help
While the world calls for a rapid phase-out of fossil fuels, Czech businessman Daniel Křetínský and his company EPH are cashing in on this opportunity to make quick money from fossil fuels.
Nestled in northern Italy, beautifully situated in a bend of the River Po, lies the small town of Ostiglia. A quaint church, a medieval square, and a population of 7,000 define the town. But there’s also a gigantic gas-fired power plant. Nearly ten years ago, this power plant came into the hands of Czech oligarch Daniel Křetínský—with the support of ING. He now wants almost…
