AMWatch

Potential natural gas ruling fails to fuel excitement at pension firms

According to leaked documents pertaining to the upcoming EU taxonomy, natural gas will be considered a green investment in certain circumstances. However, pension funds are not expected to storm the sector.

Michael Nellemann, CIO, PKA | Photo: PR

If a leaked draft of the EU taxonomy directive becomes reality, certain forms of natural gas production will be defined as a green investment, Danish financial media BørsenPro reports.

The EU taxonomy aims to help investors determine what can be categorized as a green investment. Natural gas will only be considered a green energy source if it replaces other fuels like coal and oil.

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