EU member states agree to loosen fossil fuel exclusions under SFDR

Climate academic suggests the changes risk institutionalising greenwashing

(...) Frédéric Ducoulombier, programme director for climate regulation and policies at the Edhec Business School in France, says: “A static 20 per cent taxonomy-aligned capex threshold does not demonstrate a transition pathway, especially if a company can maintain that share while expanding fossil fuel investments in absolute terms.”
No investor seriously committed to sustainability would like to see their transition-labelled investors supporting fossil fuel expansion, however indirectly. (...)