EU's "Green" Light Boosts Uranium's Prospects

EU’s “Green” Light Boosts Uranium’s Prospects

To the discomfiture of some (not all) environmentalists, the EU has tweaked its taxonomy for the term "Green" to include gas and nuclear power. An investment firm focused on uranium is understandably upbeat.

The European Union legislators’ decision in early July to include nuclear power and natural gas in the EU’s list of investments deemed “green” will encourage investors to put money into the space, a fund manager says.

The EU’s actions took place when the drive against fossil fuels hit a roadblock following Russia’s invasion of Ukraine and the surge in global energy prices.

During the summer, opponents of a plan to change the “taxonomy” of what is counted as “green” failed to overturn attempts to include the two energy sources in the EU’s definition of what is an acceptable energy source. Officials from the European Commission, the EU’s executive body, have said that natural gas and nuclear energy should be […]

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