The EU has continued to pussyfoot around the use of natural gas during its transition to net zero emissions by 2050. Despite pledges to deny the fossil fuel a ‘sustainable’ or ‘transition’ status for finance regulations back in December, a new draft document indicates a U-turn which will allow the potential for a surge in new projects through to 2025, risking more than €800 billion in power generation losses by 2050. The draft proposal, as seen by Reuters, will allow gas plants that adhere to certain emissions criteria to qualify as ‘sustainable investments,’ and has already faced criticism from the progressive EU member states since it was sent out on Saturday. To be eligible for investment under the European Commission’s…