EU countries push to classify oil and gas exploration as green investment under taxonomy rules
By
Marianne Gros
Summary
EU countries are pushing to classify oil and gas exploration as a "green investment" under the EU's sustainable finance taxonomy. This controversial proposal would allow oil giants like TotalEnergies to appear in sustainable investment funds, despite spending billions on new fossil fuel projects. The move has sparked debate about what qualifies as environmentally sustainable investment and whether it undermines the EU's climate goals.
Source
bskyEU countries push to classify oil and gas exploration as green investment under taxonomy rulespolitico.euKey quotes
· 3 pulledThe proposed changes could see oil giants like TotalEnergies showing up in sustainable investment funds.
Big oil and gas companies that are spending billions on new oil wells and gas fields could still find themselves in sustainable investment funds.
The Commission wants to exclude companies...
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