Greenwashing Rules, Bank Pledges May Signal a New Day for Europe
While none may ultimately result in lower greenhouse-gas emissions, four big decisions from Europe are at the very least a good start.
The Niederaussem lignite fueled power station, operated by RWE AG, in Oberaussem, Germany, on March 15.
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The biggest Nordic bank plans to reduce its holdings of oil and gas stocks. The largest French insurer dropped RWE AG as a client because of the German energy giant’s reliance on coal. HSBC Holdings Plc announced plans to scale back its lending to fossil-fuel companies following criticism from shareholders. And the European Union has introduced new rules intended to crack down on greenwashing by managers of investment funds.