Iberdrola sues Repsol for exaggerating biofuels efforts and presenting itself as leader in energy transition

iberdrola solar

Alphavalue/Divacons| Iberdrola has filed a complaint against the oil company, accusing it of greenwashing, El País reported on Tuesday. Iberdrola is suing Repsol for distorting reality by exaggerating its biofuels efforts to the public and presenting itself as a leader in the energy transition, while 99.4% of its revenues come from non-renewable energy.

Iberdrola: Add, Target Price €13.1/share.

Repsol: Add, Target Price €17.8/share.

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