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EU Bank May Refrain From Bestowing Green Label on Gas, Nuclear Projects

  • EIB’s Hoyer says bank must be alert to risks of greenwashing
  • Complexity of taxonomy rulebook may leave investors ‘drowsy’
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The European Investment Bank may steer clear of hotly-debated proposals to provide a green label to some gas and nuclear projects, according to its president, Werner Hoyer.

The complexity of proposed rules covering natural gas risks leaving investors “drowsy” and could open the door for potential greenwashing, Hoyer said at the EIB’s annual media conference in Brussels.