3 European Coal Stocks to Buy As Russia Squeezes Gas Supply

2. Ze Pak Sa (WSE:ZEP)

Ze Pak Sa (WSE:ZEP) is the fourth largest energy producer in Poland. Billionaire Zygmunt Solorz owns a majority stake in the company, which has in recent years made pledges to wean off its coal usage. In 2019, around 90% of the company’s total energy production came from lignite (brown coal) sources. In accordance with UN climate agreements, Ze Pak Sa (WSE:ZEP) has announced that it will shut down all its lignite plants by 2030, making it the first fossil fuel company in Poland to commit to a coal phase-out plan within this decade.

However, recent developments in Europe have put coal in the limelight again, and as a firm with significant exposure to the coal industry, Ze Pak Sa (WSE:ZEP) is one of the best European coal stocks to buy in the current climate.