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It makes sense not to invest a lot of money into fossile infrastructure when you plan to be fossile free in about twenty years.
by adrianN 1y ago
It makes sense not to invest a lot of money into fossile infrastructure when you plan to be fossile free in about twenty years.
- mytailorisrich 1y agoConsidering that the industry is highly profitable I'd say that Europe spends more importing gas than producing it locally, which would also benefit the economy and improve strategic independence. Investments in fossil fuel infrastructure still happen, too, in the form of LNG terminals.
- ljf 1y agohttps://www.nytimes.com/2022/07/27/opinion/environment/energy-crisis-oil-gas-fracking.html https://www.nytimes.com/2022/07/27/opinion/environment/energ... Fracking is only profitable when oil is $120 a barrel or more.