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RWE Aktiengesellschaft
Essen
Countermotions by the German Affiliation of Vital Shareholders in relation to the Annual Basic Assembly of RWE Aktiengesellschaft on 28 April 2022:
Countermotion relating to merchandise 2 on the Agenda: appropriation of distributable revenue
The distributable revenue of RWE AG for fiscal 2021 shall not be appropriated to make the dividend cost of 608,598,043.20 euros (90 cents per dividend-bearing share) as proposed by administration.
Rationale:
The provisions for mining and nuclear waste disposal (nuclear section) fashioned by RWE AG thus far won’t suffice. Subsequently, the provisions needs to be elevated by the 608,598,043.20 euros envisaged for the dividend.
Countermotion relating to merchandise 3 on the Agenda: Approval of the acts of the members of the Government Board for fiscal 2021
The German Affiliation of Vital Shareholders requests that approval of the acts of the members of the Government Board be denied.
Rationale:
RWE AG disregards local weather targets, harms human well being, destroys villages and useful farmland, and performs a significant function within the destruction of the planet.
Group’s Rising Inexperienced technique nothing greater than inexperienced washing
RWE’s Government Board isn’t assuming its duty to satisfy the precise requirements of the Paris Local weather Settlement and to implement the coal phaseout in an environmentally and socially acceptable method. RWE AG guarantees to “meet rising demand for electricity as greatest as doable whereas defending the local weather.” At current, it isn’t even doable to see how RWE’s electrical energy era can change into carbon impartial by 2040. RWE would have to set itself extra bold local weather targets to be according to the Paris Local weather Settlement.
The Rising Inexperienced group technique proclaimed by RWE has been nothing greater than inexperienced washing up to now. The coal phaseout has progressed too slowly thus far, and funding in renewable power is just too small. The truth is, RWE elevated electrical energy manufacturing from lignite by 1 / 4 in fiscal 2021 in comparison with 2020. This drove up carbon dioxide emissions commensurately, by 24% in comparison with 2020.
Excavators should cease instantly earlier than Lützerath
If the coal beneath the Garzweiler villages within the Rhineland is extracted and burned, it will likely be practically not possible to attain the Paris local weather targets for Germany. The 1.5 diploma restrict runs symbolically in entrance of the village of Lützerath, as proven by a research by the German Institute for Financial Analysis. RWE is within the strategy of exceeding this 1.5 diploma restrict.
Though the village of Lützerath is inhabited, RWE’s lignite excavators have dug so far as lower than 100 metres from the village’s border.
As RWE extracts lignite by opencast mining, the corporate is liable for extre-mely intensive land utilization and land utilization modifications and has contributed to Germany’s land utilization, land utilization change and forestry sector changing into a supply of carbon dioxide. The sector can not fulfil its carbon dioxide seize and storage operate, which exacerbates the scenario through the local weather disaster as it’s at present not possible to make use of real-world technical strategies of capturing and storing carbon dioxide.
Farmer Heukamp fought in opposition to RWE’s revenue pursuits for ten years
The Lützerath farmer Eckardt Heukamp offered his enterprise and farm to RWE in early April 2022. “My residence isn’t a pawn for courts and politicians in search of to absolve themselves of their duty to guard the local weather. I want a breather after ten years of battle with RWE’s curiosity in incomes earnings,” mentioned Heukamp. Prices have been filed in opposition to RWE and the Chairman of the Government Board of RWE AG, Markus Krebber. Mr. Krebber is being accused of getting precipitated hurt to the residents of Lützerath, the taxpayers, and most of the people. An excerpt from the grievance reads, “The Garzweiler 2 opencast lignite mine operated by RWE AG isn’t according to the landmark determination of the federal government of the state of North Rhine-Westphalia of 23 March 2021 because it has pushed the mining border to lower than 200 metres from the boundary of Erkelenz-Lützerath with out permission and in violation of the legislation. RWE should be ordered to revive the mining border to 400 metres and renaturate the excavated land.”
Continued power imports from Russia and prolonged lifetimes for coal energy crops
Like many different German industrial enterprises, RWE AG has let itself change into too depen-dent on imports of fossil gasoline from Russia. RWE is likely one of the main clients of the Russian fuel firm Gazprom with which it has a long-term provide settlement. As a result of Russia’s struggle of aggression in opposition to Ukraine, RWE should justify its actions. On the one hand, RWE CEO Markus Krebber expresses his grief over “the size of the human struggling brought on by the struggle Our ideas and solidarity are with the folks in Ukraine, who should endure the horrors of struggle. ” However however, RWE’s CEO doesn’t need to jeopardise the “reliability of power provide” and speaks out in opposition to stopping Russian power provides to Germany (see, inter alia, RWE Annual Report 2021, Deal with development, Letter from the CEO, web page 6). Within the brief time period, Mr. Krebber desires to safeguard in opposition to potential shortages by extending the lifetimes of coal energy stations.
No spin-off of the lignite enterprise
We don’t imagine it will be expedient to spin off the RWE operations referring to opencast lignite mining and lignite-fired energy crops to a different authorized entity. This may not assure that the liabilities of the brand new firm are lined by belongings of ample worth. This relates specifically to the provisions for renaturating the opencast lignite mines and dismantling the coal and nuclear energy stations. This may run the chance of the state and taxpayers shouldering increased prices in the long run.
Countermotion relating to merchandise 3 on the Agenda, Approval of the acts of the members of the Supervisory Board for fiscal 2021
The German Affiliation of Vital Shareholders requests that approval of the acts of the members of the Supervisory Board be denied.
Rationale:
RWE’s Supervisory Board failed to observe the Government Board and its administration in compliance with Part 111 of the German Inventory Company Act and to make sure that it assumes its duty for the nuclear phaseout. Moreover, the Supervisory Board did nothing to maintain the pursuits of political officers in North Rhine-Westphalia separate from these of RWE AG.
RWE shareholdings in nuclear belongings
Along with the opencast lignite mines in addition to lignite and arduous coal-fired energy stations, RWE at present operates the Emsland nuclear energy plant in Lingen. As a co-owner of Urenco Deutschland, RWE holds a 12.5 p.c stake. Urenco produces enriched uranium, which isn’t simply used as a fundamental materials for gasoline rods for nuclear reactors across the globe, on the planet’s second-largest uranium enrichment facility, positioned on the Gronau web site. The extremely enriched nuclear gasoline will also be weaponised. RWE is at present represented on the Board of Administrators of Urenco by Frank Weigand, the CEO of RWE Energy AG.
Irresponsible plans for brand new nuclear reactors
Regardless of the nuclear phaseout agreed in Germany, RWE nonetheless has pursuits in extra nuclear belongings in Germany. Through the tri-national uranium enrichment firm Urenco, RWE holds a crucial stake with far-reaching decision-making powers within the uranium enrichment facility in Gronau, three different uranium factories within the Netherlands, Nice Britain and the USA in addition to within the uranium centrifuge agency ETC in Jülich.
On this manner, RWE is concerned within the irresponsible plans for brand new nuclear reactors in a number of nations, and even a possible navy partnership between Urenco and the Pentagon has been mentioned. Urenco provides at the least six reactors in the midst of the struggle zone in Ukraine, a few of that are at present occupied by Russia. However RWE AG is fully silent on the matter.
The very worrying provide of enriched uranium to the United Arab Emirates isn’t mentioned, both. The Persian Gulf is at all times at risk of experiencing a struggle or acts of terrorism. Each nuclear energy station will increase the safety dangers considerably. And on the UN Safety Council, the UAE refused to sentence the Russians for invading Ukraine.
It is usually undisputed that uranium enrichment utilizing centrifuge know-how is taken into account a key to the atom bomb. RWE mustn’t do any enterprise with such a navy know-how.
Uranium waste disposal is one other challenge that is still unresolved. At the least Urenco stopped uranium waste deliveries to Russia after the beginning of the struggle of aggression. Nonetheless, though Gronau has been in operation for 37 years, Germany nonetheless lacks a disposal idea. That is unacceptable. RWE is pleased to pocket dividends from Urenco, however has refused to simply accept any duty up to now.
RWE AG intertwined with NRW state coverage and municipal shareholders
The conglomerate consisting of politics and the power group (known as the NRWE advanced) shoulders a part of the duty for the local weather disaster and the hindrance to the power transition, for the extreme well being impairments and untimely deaths among the many inhabitants, and the destruction of our environmental livelihood (see announcement: The RWE Tribunal enters the third spherical, convention on 23/24 April in Düsseldorf-Reisholz, Bürgerhaus Reisholz, Kappeler Straße 231 in 40599 Düsseldorf, https://www.rwe-tribunal.org/ )
Roughly 130 municipalities, municipal firms and special-purpose associ-ations maintain a mixed share of 24 p.c of RWE AG. A lot of these munici-palities is united within the Affiliation of Municipal RWE Shareholders (Verband der kommunalen RWE-Aktionäre GmbH – VkA). The largest shareholders on this group are the cities of Dortmund (24.5 million = 3.6%), Essen (18.76 million = 2.77%) and Mülheim/Ruhr (8.56 million = 1.3%).
Countermotion relating to merchandise 7 on the Agenda: By-election to the Supervisory Board
The German Affiliation of Vital Shareholders rejects the election of Thomas Kufen, Mayor of the Metropolis of Essen, to the Supervisory Board of RWE AG.
Rationale:
Thomas Kufen is a chief instance of the conglomerate of politics and power group, known as the NRWE advanced (see countermotion in relation to merchandise 4 on the Agenda). He’s a logo of the intertwinement of RWE AG with NRW state politics and the municipal shareholders.
Since 2015, Mr. Kufen has been the Mayor of the Metropolis of Essen, which owns 18.75 million RWE shares. He was a member of the Supervisory Board of RWE Energy AG, the subsidiary of RWE AG that manages the opencast lignite mines and lignite energy crops within the Rhineland. Mr. Kufen was the power spokesperson of the CDU fraction within the Parliament of the State of North Rhine-Westphalia till 2015.
Mr. Kufen at present holds workplaces on 17 supervisory or advisory boards of private-sector firms and financial savings and mortgage associations in addition to 12 workplaces on boards of trustees and different committees. Like Enkraft Impression GmbH, we’re of the opinion that Thomas
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