A few weeks ago, there were heated discussions in the European Union about the so-called “Taxonomy” rule. This will give the EU Commission and other European authorities the power to determine which investments are good (i.e., green and sustainable) and which are not.

The classifications issued in Brussels would then steer investors’ money in the “right” direction. The main bone of contention was whether nuclear energy and natural gas should also be deemed “sustainable.” The French and the Eastern Europeans were in favor, but the Germans opposed.