Bloomberg Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens — who joined Germany’s new ruling coalition following September’s election — criticised the regulatory plan as damaging the credibility of the EU green rulebook, known ...

  Bloomberg Russian gas giant Gazprom PJSC missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades. Gazprom delivered 185.1 billion cubic meters to its main clients abroad, including China and Europe, excluding the former Soviet Union nations, Chief Executive Officer Alexey Miller said in a ...

  Bloomberg Pakistan’s natural gas shortage is hurting its crucial textile exports, according to an industry trade organisation, putting even more stress on nation’s struggling economy. About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association. Factories in ...