Leonore Gewessler, Austria’s Minister for Climate Action, has been critical of OMV, the country’s largest oil and gas company. Austria, contributing just 0.2% of global carbon emissions, is making strides in renewable energy, but Gewessler's aggressive environmental policies have negatively impacted OMV and the broader Austrian energy sector. OMV’s efforts to produce green fuels are being hindered by these policies, affecting the company’s growth prospects. Since the Austrian state owns over 30% of OMV’s shares, Gewessler’s stance also has financial implications for Austrian taxpayers, potentially diminishing returns on their investment and affecting market stability.
