Today, Friday, April 24, Fridays for Future Dresden will be demonstrating at Schlossplatz at 2 pm - as part of an international week of action against the Czech energy giant EPH and its main shareholder Daniel Křetínský. What is behind the company, which controls lignite in eastern Germany, and why are climate activists in six European countries taking to the streets at the same time?
A company in the shadows
Whoever talks about the German energy industry mentions RWE, Uniper or LEAG - but very few people know the parent company behind LEAG and MIBRAG. The Energetický a průmyslový holding, EPH for short, is a Czech energy and industrial group based in Prague and is one of the largest fossil fuel companies in Europe. With an installed power plant capacity of around 11 gigawatts and greenhouse gas emissions roughly equivalent to those of Finland as a whole, EPH is the second-largest fossil fuel company in Germany behind RWE - and yet hardly anyone knows the name.
EPH has played the role of a silent giant for years, operating through a complex network of holding companies and special purpose vehicles in various countries and barely making a public appearance. In Germany, the company mainly makes a name for itself through its subsidiaries: LEAG operates the opencast lignite mines and power plants in Lusatia, MIBRAG mines lignite in Saxony-Anhalt and Saxony.