Some of the world’s largest climate finance groups are urging UK Prime Minister Boris Johnson’s government not to classify natural gas as a green investment.
The chief executives of the Institutional Investors Group on Climate Change, Principles for Responsible Investment and UK Sustainable Investment and Finance Association said the energy source would undermine the UK’s proposed rulebook for environmentally-friendly investments.
Ethical investors who want to avoid funding fossil fuels are increasingly at loggerheads with governments looking to ensure energy security in the wake of risks to supplies from Russia’s invasion of Ukraine. The fight over natural gas has already played out in the European Union, which ended up“The UK government has an opportunity here to demonstrate world-leading ambition on climate,” said David Atkin, CEO at the PRI, which represents over $121 trillion in funds.
When the faeces hits the fan, anything and everything is 'green' because wind and solar are not able to run a modern economy. Germany has discovered the same truth.
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