It's a case of Seeing The Light
Just in ... Sat, 13 Aug at 10:15 am
August 11, 2022
A sea change is underway in the energy sector as some commodities previously consigned to the investment sin bin are reclassified.Uranium and natural gas are coming in from the cold with potentially profound implications for investors.
Despite being two of the most efficient sources of relatively low pollution energy, both uranium and gas have been treated as enemies of the environment – putting them off limits to some fund managers.
The reality of energy-starved Europe, and power-hungry Asia, is changing that narrative and turning assets recently seen as unsuitable in an ethically-focused portfolio into desirable investments.
This is thanks largely to a clerical adjustment in defining what’s “good” energy.
Technically what’s happened is that the European Union (EU) has turned to the obscure world of “taxonomy”, the business (or science) of naming and classifying things into groups with common roots.
Until recently uranium and gas were lumped into a set which included oil and coal and therefore sharing a common negative classification of not being environmentally sustainable – as defined by EU regulations.
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