EU countries want oil exploration to be classed as a green investment

yoshuaw•about 4 hours ago

This is just days after EU courts ruled private jet construction counts as a "green investment": https://www.reuters.com/business/environment/eu-court-says-p...

coffeebeanHH•about 4 hours ago

Isn't it green investment as well if I chop only green trees and evergreens? Also I use to store raw oil only in green containers. That's green living. Right?

cucumber3732842•about 4 hours ago

Nobody thinks oil is "green".

It's just that suddenly no energy source is below them and they've made so many stupid rules over the years that the only way to drill for oil without getting stopped by bureaucracy spaghetti is to use some doublespeak to redefine it as green.

Not that that isn't alarming and stupid on all sorts of levels, but it's a different problem than just waking up one day and thinking oil is green.

JuniperMesos•about 2 hours ago

Yeah, oil exploration is clearly not what the people who originally set up the rules for "green transition" investment funds had in mind. But my own position is that ensuring that humanity as maximal access to energy, even if it's fossil fuel-based energy right now, is the most effective long-term way to ensure human flourishing and also achieve environmentalist goals. So I've never cared about investing my own money in investment funds that have inclusion rules based on the "green transition", and I don't really care if the formal rules for those funds are getting severely bent, because I never supported any investment philosophy that limited itself to investment in funds formally-classified as "green transition" funds to begin with.

adammarples•about 3 hours ago

Well oil is "green". Burning oil releases carbon dioxide which is plant food and contributes to global greening. This isn't good, because it also contributes to global warming, but I don't really understand why people conflate "green" with renewables. The greenest the planet has ever been was during the carboniferous period, where plants had feasted on unusually high levels of atmospheric co2.

JuniperMesos•about 2 hours ago

The color green has long been symbolically associated with environmentalist political causes, because the earliest environmentalist concerns were about literally-green plants being replaced by human-made machinery that is typically brown and grey. The fact that, today, the biggest environmentalist political concern is atmospheric CO2, and the fact that one effect of larger amounts of atmospheric CO2 is literally more green, photosynthesizing plant life, is a true enough fact; but not really relevant to the color symbolism.

outside1234•about 2 hours ago

Exactly! The best way we can make the world green again is to make Florida an underwater reef.

EU countries want oil exploration to be classed as a green investment

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