Public appeal to energy companies to provide aid to Ukraine
Dear managers of energy companies,
The war that Russia started in Ukraine a year ago has had disastrous effects, first and foremost, on the people of Ukraine, who have had to flee their homes or forgo even the basics of a life with dignity: no electricity, no heating in winter, and no water supply, not to mention the buildings that have been destroyed and the lives that have been taken.
This war has also affected energy markets. Because of Russia’s actions, natural gas prices soared to unprecedented heights in 2022, and electricity prices on European exchanges rose dramatically. All of this led to hundreds of billions of dollars in additional profits at energy companies, the result not of investments or business strategies, but of higher prices because of the war.
Today, we submitted a proposal to Ignitis Group’s Annual General Meeting of Shareholders to allocate around 10% of last year’s additional profit as aid to recover and reconstruct energy infrastructure of Ukraine.
We urge you to follow suit and earmark part of your 2022 profits for Ukraine. We believe sharing profits with the country that is suffering the consequences of the war that has led to those profits is morally the right thing to do.
All together we can do more. If each of us contributes, we can significantly help this embattled country and speed up its recovery.
Ignitis Group CEO Darius Maikštėnas
Letter sent:
| Exxon Mobil Corp |
| TotalEnergies SE |
| Equinor ASA |
| Chevron Corp |
| Shell |
| ConocoPhillips |
| E.ON SE |
| Eni S.p.A. |
| Canadian Natural Resources Ltd |
| BP p.l.c. |
| EOG Resources, Inc |
| Suncor Energy Inc |
| Electricité de France SA |
| ENGIE SA |
| Repsol, SA |
| Polski Koncern Naftowy ORLEN Spólka Akcyjna |
| OMV Aktiengesellschaft |
| Iberdrola, SA |
| Enel SpA |
| Devon Energy Corp |
| Occidental Petroleum Corp |
| Pioneer Natural Resources Co |
| Neste Oyj |
| MOL Hungarian Oil & Gas Co |
| Marathon Petroleum Corp |
| Fortum Oyj |
| Ørsted A/S |
| Naturgy Energy Group, SA |
| Centrica plc |
| Chesapeake Energy Corp |
| Valero Energy Corp |
| Diamondback Energy, Inc |
| RWE Aktiengesellschaft |
| Continental Resources, Inc |
| Polska Grupa Energetyczna SA |
| APA Corp |
| Aker BP ASA |
| EnBW Energie Baden-Württemberg AG |
| Tourmaline Oil Corp |
| VERBUND AG |
| HF Sinclair Corp |
| Veolia Environnement SA |
| Coterra Energy Inc |
| CEZ, a. s. |
| Delek Group Ltd |
| Range Resources Corp |
| Galp Energia, SGPS, SA |
| SSE plc |
| Endesa S.A. |
| National Grid plc |
| Terna Energy |
| Redes Energeticas Nacionais S.A. |
| Neoen |
| Tauron Polska Energia |
| Latvenergo |
| Eesti Energia |
