Sector Regulation Sector Regulation

Plans for EU asset manager green disclosures meet lawmaker backlash over oil and gas exclusion

By Jack Schickler
  • 27 Apr 2020 11:52
  • 02 Jun 2020 08:57

EU asset managers should have to reveal holdings in all kinds of fossil-fuel companies, not just in coal producers, under planned sustainability disclosure rules, two leading lawmakers have told MLex. 

Proposals from the EU financial supervisory agencies were “out of touch” and inconsistent with EU law because they redefine fossil fuels

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