The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new 'green' list could deprive them of billions of dollars of funding
BRUSSELS/LONDON - The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could deprive them of billions of dollars of funding.
In the four months since the rules were published, gas and nuclear industry representatives held 52 meetings - in person or virtually - with EU officials, according to EU logs analysed by non-profit Reclaim Finance and shared exclusively with Reuters. “If EU institutions and member states are serious about building a sustainable Europe that confronts the climate emergency, they need to break free from fossil-fuel lobbyists,” said Paul Schreiber, a campaigner at Reclaim Finance.
All four gas and nuclear lobby groups interviewed by Reuters have applied to be part of the sustainable finance platform, along with more than 500 other applicants. “The report was drafted, in a way, like we need to transition tomorrow,” said Kamila Piotrowska, IOGP senior manager for policy strategy. “This is a journey and we need these transitional activities.”
FuelsEurope and IOGP have also asked the Commission to consider extending the deadline for companies to comply.
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