How “green” investments are financing Big Carbon
Using clever semantic tricks and loopholes in Europe's (strict) regulations, asset-management firms are selling "green" investments that fund the hydrocarbon industry. Beneficiaries include Eni, Enel, Repsol, Chevron, TotalEnergies, BP, and Shell. Here we look at the case of Italy's Eurizon, a subsidiary of banking giant Intesa SanPaolo.