Energean PLC

London, United Kingdom

Energean PLC is a gas exploration and production company holding rights to gas reserves in Israeli waters and involved in asset sales across multiple countries.

CCI Score

-20.86

0.01% April 18

Latest Event

Energean CEO Urges New Licensing for Offshore Exploration

Energean's CEO Mathios Rigas publicly called on the Israeli government to issue new offshore oil and gas exploration licenses. This move, made amidst regional tensions and a recent ceasefire, highlights a strategic push by the company to expand production by influencing governmental policy.

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ACCOMPLICE

Energean PLC is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

NOV

29

2024

Energean CEO Urges New Licensing for Offshore Exploration
-19.24

Energean's CEO Mathios Rigas publicly called on the Israeli government to issue new offshore oil and gas exploration licenses. This move, made amidst regional tensions and a recent ceasefire, highlights a strategic push by the company to expand production by influencing governmental policy.
-20

Executive Political Engagement

March 24

The CEO’s call for new licenses can be interpreted as an example of executive political engagement, which may undermine democratic deliberation by prioritizing corporate interests over public welfare. By pressing for regulatory changes in a politically sensitive environment, the company is displaying a worrisome willingness to influence public policy for business gain.

Energean CEO urges Israel to issue new oil and gas exploration licences
JUL

24

2024

Energean’s Role in Sustaining Energy Supply Amid Regional Conflict
-37.16

During the Israel-Hamas conflict, Energean's operation of the Karish field significantly contributed to Israel’s gas supply. This sustained support bolstered Israel's energy reliability, which from a left-leaning perspective, can be viewed as reinforcing political and economic structures that contribute to authoritarian stability in the region.
-40

Economic and Structural Influence

March 24

Energean's significant contribution in operating the Karish field, providing up to 60% of Israel's gas demand during a critical period, indirectly supports the energy infrastructure that can be leveraged to maintain political power and potentially enable authoritarian practices. The company's role in ensuring energy continuity amid regional conflict aligns it with economic influences that, from an anti-fascist perspective, contribute to the strengthening of regimes with authoritarian tendencies.

East Mediterranean Energy Projects Amid Israel-Hamas War
DEC

21

2021

Energean Union Suppression and Propaganda Campaign
-57.36

The article details a series of aggressive union busting measures and a coordinated media propaganda campaign by Energean in Kavala, Greece. The company implemented forced redundancies, dismissed pro‐union executives, and engaged in tactics to discredit and intimidate union members, reflecting a disregard for labor rights and democratic accountability.
-90

Labor Relations and Human Rights Practices

March 24

Energean's restructuring program led to forced redundancies and the dismissal of long-serving pro-union executives, with the company refusing to enter meaningful negotiations with union representatives. These actions, along with physical intimidation and safety compromises during maintenance shutdowns, demonstrate a severe disregard for labor rights and worker safety, contributing to an authoritarian management style.

Energean Oil & Gas Union Busting War at Kavala Greece
-70

Media Influence and Propaganda

March 24

The company launched a propaganda campaign in local media aimed at discrediting union activities and portraying union demands as counterproductive to business interests. This manipulation of public perception to undermine legitimate labor rights aligns with tactics used to support authoritarian approaches in corporate governance.

Energean Oil & Gas Union Busting War at Kavala Greece
JUN

01

2020

Energean Layoffs Amid EU Covid Support Controversy and Union Protests
-36.82

Greek unions demonstrated against layoffs at Energean’s Kavala Oil operations after the company accepted EU Covid support funds, highlighting severe labor rights and ethical issues.
-60

Labor Relations and Human Rights Practices

March 24

Energean’s decision to lay off workers after taking EU Covid support funds has sparked protests by Greek unions, reflecting poor labor relations and a disregard for workers’ rights. This behavior undermines ethical business practices and contributes to broader systemic issues that can bolster authoritarian economic structures.

Greek unions demonstrate against Kavala Oil layoffs - Energean $ENOG took EU taxpayers' Covid support money & then laid off workers.
MAY

12

2020

Energean 2019 Sustainability Report Highlights ESG Initiatives
48.83

Energean's 2019 Sustainability Report details its commitment to sustainable development through robust ESG initiatives. The report highlights efforts such as linking executive pay to sustainability targets, setting a firm net zero emissions goal by 2050, establishing a dedicated Sustainability and Climate Change Department, and engaging with local communities. These actions reflect a proactive approach to ethical corporate practices, contributing positively to responsible business behavior in contrast to authoritarian tendencies.
+80

Business Practices and Ethical Responsibility

March 23

The report emphasizes Energean's strong commitment to ESG principles through strategic initiatives. By integrating sustainability into executive compensation, setting ambitious environmental targets, and engaging in community support programs, the company demonstrates a commitment to ethical business practices. This approach is viewed positively from an anti-fascism perspective as it signals a rejection of authoritarian and exploitative business conduct.

Energean Oil & Gas : Our 2019 Sustainability Report
SEP

19

2019

Energean Controversies: Ties to Authoritarian Practices in the Eastern Mediterranean
-23.41

An article from Corporate Watch highlights Energean's politically-charged operations and controversial backing. The report draws attention to descriptions of Energean as an 'Israel-backed' company with a record that includes associations with human rights violations and geopolitical maneuvers, raising concerns over its potential complicity in authoritarian practices.
-50

Public and Political Behavior

March 24

The article points to Energean being described as an 'Israel-backed' oil company, hinting at a politically motivated alignment that may support authoritarian practices. The company's associations raise serious questions regarding its public and political behavior, especially given the historical record of involvement in ethically questionable operations.

Energean: Israel-backed Greek oil company hungry for Mediterranean gas
-30

Business Practices and Ethical Responsibility

March 24

The article hints at a troubling background for Energean regarding its ethical standards and business practices. Though details are limited, the mention of a record involving human rights issues and ethically dubious activities suggests a negative score under business practices and ethical responsibility.

Energean: Israel-backed Greek oil company hungry for Mediterranean gas