Info 21 April 2021 by WWF -- last modified 21 April 2021 EU rules published today classify industrial logging and the burning of trees and crops for energy as 'sustainable' investments. This is catastrophic news for the climate and biodiversity, and is the opposite of the aim of the rules, or 'EU taxonomy', which is to stamp out greenwashing in the finance sector. Advertisement This turns the science-based taxonomy to a lobby-based taxonomy. Accordingly WWF is left with no choice but to ask the European Parliament and Council to reject the European Commission's Act. This is despite our longstanding support for the initiative, and our work as part of the EU Technical Expert Group (TEG) and EU Platform on Sustainable Finance developing taxonomy criteria recommendations.