Finance

A Saudi Billionaire Runs Into a Green Problem in Sweden

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Sweden’s Green Party, which along with the Social Democrats makes up the current government, opposes Preem Holdings AB’s plans to expand its Lysekil refinery, public broadcaster Sveriges Radio reported.

Preem was granted permissionBloomberg Terminal for the expansion by a Swedish appeals court this summer and is awaiting government approval. Climate activists including Greta Thunberg are against the plans.