2023-05-30 20:53:43
The shareholders of the partially state-owned oil company OMV will vote on Wednesday at the Annual General Meeting (AGM) on whether to give ex-CEO Rainer Seele discharge. The votes of the two core shareholders – the state holding ÖBAG and the state oil company of Abu Dhabi ADNOC – are sufficient for this. In the previous year, no confidence had been expressed in Seele. After a special audit, which did not result in any “actionable misconduct”, the supervisory board recommended discharge.
Protests from climate protection groups are also expected around the Annual General Meeting. The shareholders are also taking a critical look at OMV’s strategy. However, Florian Beckermann from the Investor Interest Group (IVA) sees progress in the transformation. The “oil men” Seele and Pleininger are gone, said Beckermann in the run-up to the AGM to the APA.
According to its sustainability report, OMV emitted 10.9 million tons of carbon dioxide (CO2) and 20,000 tons of methane (CH4) in 2022, making it one of Austria’s largest CO2 emitters alongside voestalpine and Wien Energie. If you add the greenhouse gas emissions in which OMV is indirectly involved – for example when burning diesel and gasoline in cars or kerosene in engines – the emissions in 2022 amounted to 132.8 million tons of CO2 equivalents.
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