MEPs vote to classify gas and nuclear as 'green' investments
The European Parliament has this week failed to veto plans to include fossil gas and nuclear power in the EU Taxonomy rules for sustainable investment activities.In a relatively close vote, 328 MEPs voted against a proposal to block the inclusion of gas and nuclear, while 278 voted in favour. This was the final political opportunity to amend the draft taxonomy
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The world’s 60 largest banks have approximately $1.35trn (£1.2trn) exposed to fossil fuel assets, which will depreciate over time and could trigger the next global financial crash.