'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

Climeworks raises further $162m in support of carbon removal plans

Climeworks raises further $162m in support of carbon removal plans

Direct air capture start-up takes total funds raised to date past the $1bn mark, as it secures this year's largest carbon removal investment round

Stuart Stone
clock 02 July 2025 • 3 min read
'Nature is a critical, income-generating asset': WYPF commits £25m to nature infrastructure fund

'Nature is a critical, income-generating asset': WYPF commits £25m to nature infrastructure fund

West Yorkshire Pension Fund to back Rebalance Earth's fund, which is said would monetise ecosystems such as flood mitigation and water purification

Holly Roach, Professional Pensions
clock 01 July 2025 • 2 min read
Study: Multilateral banks' funding for sustainable animal agriculture trebled to $244m last year

Study: Multilateral banks' funding for sustainable animal agriculture trebled to $244m last year

Fresh research by the Stop Financing Factory Farming coalition also shows MDB investment in factory farming fell last year

Stuart Stone
clock 01 July 2025 • 4 min read