EU countries want oil exploration to be classed as a green investment

Government

BRUSSELS — Most EU governments say they back the switch away from fossil fuels. But when it comes to investing in Big Oil, they're not quite so green-minded. EU member countries made a deal on Wednesday that would make it easier for private investments earmarked for green activities to flow into companies building new fossil fuel projects. It would mean big oil and gas companies that are spending billions on new oil wells and gas fields could still find themselves in sustainable investment

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