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EU lawmakers plan last-ditch effort to reject Brussels’ green investment rules

European Parliament must vote on measures labelling nuclear energy and natural gas as sustainable

EU legislators are preparing a cross-party bid to vote down Brussels’ new rules on green investments over the inclusion of nuclear power and natural gas as sustainable energy sources.

MEPs from the European Parliament’s major groups have told the Financial Times that the “taxonomy” produced last week by the European Commission faces an uncertain fate. The parliament has the power to reject the rules by majority vote within the next six months.

“The biggest chance of rejecting the taxonomy is within the parliament. It is going to be an uphill battle but there is widespread annoyance at how MEPs have been ignored during the consultation,” said Bas Eickhout, a Dutch green MEP.

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