Tech giants go nuclear, and so do investors – caution urged
Major technology companies such as Amazon, Google, and Oracle are aggressively expanding into nuclear power, sparking significant investor interest in the sector’s stocks and ETFs. However, concerns are emerging about potential ‘pump and dump’ schemes in the rapidly growing space.
Analysis: is EU now the turtle of sustainability?
Just a few weeks after the UN climate conference COP26 in Glasgow, one of the European Commission’s most important initiatives in recent years is under fire: the “EU Taxonomy”. The reason is a number of EU Member States that want to admit natural gas - and even nuclear energy - to the list of green energy sources. Europe suddenly risks becoming “the laggard of the world”, critics have warned.
Green investing rules nuanced
Be under no illusion. Discussions around the EU green investing taxonomy are likely to go to the wire. Although April saw publication of a likely draft text, complex political discussions are set to continue. This will have implications for suitability assessments and product governance, which will impact the operation of Mifid companies, thus affecting UCITS Mancos, AIFMs and insurance companies.