Amundi SA is urging the European Union to expand the rules for a new “energy-transition” fund category so asset managers can include oil and gas exposures. The proposal would allow funds designed to support the shift to a lower-carbon economy to hold some investments tied to fossil fuels, under a framework intended to enable the transition rather than exclude the sector outright. Bloomberg and the Financial Post both report that Amundi’s position centers on regulatory flexibility: the EU would create a class of funds with transition-related objectives, but asset managers would need permission to include oil and gas holdings within that category. The accounts also indicate that the discussion is occurring as the EU develops or finalizes the structure of the new fund classification. While the sources highlight Amundi’s request for regulatory changes, they do not indicate that the EU has adopted the proposal yet. The reports frame the matter as a debate over how transition-focused investment vehicles should balance decarbonization goals with continued exposure to energy sectors during the transition period.