Europe’s banks fund oil and gas expansion despite IEA warning

Big deal – policymakers and their bank connections seem to know a few things. First, something has to work eventually and despite all the misgivings some might have, oil and gas do really work. Economically but also in terms of reliability. Renewables do not – at least wind and solar do not. And – there is money to be made in O&G. And if a banker knows one thing it’s that making money is always a good thing. Welcome to reality – it does not agree with the virtue signaling narrative.

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