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ZeroHedge Reads

Authored by Irina Slav via OilPrice.com,

UN Secretary General: investing in fossil fuels is delusional.

Anti-oil narrative clashes with reality of increasing demand.

IEA has changed its narrative and is now calling for more production

Last year, the International Energy Agency made headlines by calling for an end to new oil and gas exploration by the end of the year.

This week, the secretary-general of the United Nations, Antonio Guterres, said that investing in new oil and gas production was "delusional", calling on "all financial actors to abandon fossil fuel finance" and focus on renewables instead.