170 of 200 signatures

The European Commission, the European Parliament and the Council of the European Union

This petition is run by WeMove Europe

Petition title

Big businesses are set to lock us into a cycle of pollution for decades to come. Help send shock waves through the political discussions and stop investments in planet poisoning fuels.

Why is this important?

We all know we need major investments in wind and solar if we are to keep the wheels of society spinning. Now the EU is delivering a tool to boost green investments!

This is huge. The tool would label different investments, with green marking out those that are most sustainable. Banks like HSBC - who put some £6.4bn into new oil and gas in 2021 alone - wouldn’t be able to hide the impact of their funds [1].

But the big businesses that have been a major part of the problem are now working to water down how the tool would work. Right now they’ve lobbied to have gas and nuclear labelled as ‘green’. This would lock us into a cycle of pollution for decades to come.

Mika - they're rigging the rules to make more profits whatever the cost. But the ink isn't dry on the deal yet. The EU is coming under increased pressure to revise its draft plan…

To turn this controversy into real change we need to act. This community has the power to send shock waves through the discussion. The corporations bending the ears of European leaders are smothering the topic with technical details. They’re hoping those of us who care about our planet won't catch how important this is.

References:

https://www.bbc.com/news/business-60366054

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Why is this important?

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Keep the green label green