'Biggest greenwashing exercise of all time': EU presses ahead with inclusion of fossil gas in green investment taxonomy

Cecilia Keating
clock • 5 min read
'Biggest greenwashing exercise of all time': EU presses ahead with inclusion of fossil gas in green investment taxonomy

Criteria for gas plants’ inclusion in EU green finance rulebook set out in official documents are less stringent than leaked proposals, sparking fierce criticism from environmental campaigners

The European Commission has confirmed it intends to press ahead with controversial plans to allow certain fossil gas investments to be labelled as 'green' under its new sustainable investment taxonomy,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

'Climate adaptation is a no-brainer': European Investment Bank launches €30bn adaptation investment drive

'Climate adaptation is a no-brainer': European Investment Bank launches €30bn adaptation investment drive

European Investment Bank (EIB) unveils plans to double investment in climate resilient infrastructure, agriculture, and technologies

clock 23 October 2026 • 2 min read
National Wealth Fund backs £135m funding round to reopen Cornish tin mine

National Wealth Fund backs £135m funding round to reopen Cornish tin mine

National Wealth Fund provides £41.7m cornerstone equity investment to Cornish Metals to support the reopening of the South Crofty tin mine in Cornwall

clock 22 October 2026 • 3 min read
Cornish Metals launches £135m funding round to reopen UK tin mine

Cornish Metals launches £135m funding round to reopen UK tin mine

Funds will be used to reopen 400-year-old tin mine in support of national critical minerals strategy

clock 21 October 2026 • 2 min read