Where might the EU's decision to label gas and nuclear green leave financial institutions?

On the 6 July the EU parliament announced that it has backed EU rules to label investments in gas and nuclear power plants as ‘climate friendly'. The vote will become law unless a majority of the block's member states object to it, but this is an unlikely event, according to Reuters. This news is the latest in a trend where fossil fuels look to be back in fashion amongst investors. The stock markets have seen share prices for oil and gas providers surge recently as the war in Ukraine squeezed out Russian gas supplies, causing a sharp spike in demand. A global energy crisis along with a c...