EU plan to label climate-harmful investments faces finance industry pushback

By Simon Jessop and Kate Abnett

LONDON/BRUSSELS (Reuters) – A European Union plan to label polluting activities as “unsustainable” is facing resistance from some leading finance firms, amid concerns it could prevent investment getting to companies trying to clean up their act.

The EU’s executive Commission last month proposed rules for what can be called a green investment, under its so-called sustainable finance taxonomy which aims to steer money to companies and projects that will help the EU meet its climate goals.

But a parallel plan is proving more contentious – as the Commission considers whether to create a list