Natural Gas May Get Sidelined in Canada Green-Finance Rules (2)

Canada has provided more clarity on what it considers to be “green” investments — with new natural gas projects unlikely to make the cut.

Finance Minister Chrystia Freeland announced guiding principles for a Canadian taxonomy on Wednesday that would define and categorize investments meant to advance the goal of reaching net zero emissions by 2050.

The guideline will include both low-emitting “green” activities and “transition” activities that enable decarbonization. Banks, insurers, pension plans and asset managers have asked for those definitions, the Finance Department said in a background document.

“The government does not anticipate new natural gas production to be ...