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Gas Companies Eye Green Debt After EU Rulebook Inclusion

  • EU facing ‘easy attacks’ if green bonds include gas: Nomura
  • Move could further taint EU’s ambitions for ‘gold standard’
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Gas companies in the European Union are wasting no time in working out how to take advantage of the bloc’s decision to include the fossil fuel within its green rulebook.

Nomura International Plc’s gas industry clients are already in talks with the bank over potential sales of green bonds, which typically come with lower borrowing costs given high demand for ethical assets. That would be a boon following the proposal last week by the European Commission to grant a green label to some gas projects to help shift the continent away from dirtier fuels like coal.