Putin’s War Throws Crucial EU Vote on ‘Green’ Gas Into Doubt

(Bloomberg) -- European lawmakers are under pressure from Ukraine to block plans to treat gas as a green asset, plunging into serious doubt an EU Parliament vote that not long ago seemed set to endorse the proposal.

The vote is set to take place on Wednesday, and was supposed to mark the easy passage of a New Year’s proposal by the European Commission to include gas and nuclear energy in the EU’s so-called green taxonomy. But Vladimir Putin’s invasion of Ukraine -- and the energy crisis it fanned -- has upended that process.

Just last week, Ukraine’s ambassador to Germany called on European lawmakers to reject the Commission’s proposal, warning that it would benefit Russia and perpetuate European reliance on its gas supplies.

“Including gas only serves to cement Putin’s grip on power and his reign of terror over Europe,” said Svitlana Romanko, a Ukrainian environmental lawyer and founder of campaign group Razom We Stand. “It’s the best gift for Putin.”