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adrianN 2 days 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 2 days ago | parent [-]

Considering 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 2 days ago | parent [-]

https://www.nytimes.com/2022/07/27/opinion/environment/energ...

Fracking is only profitable when oil is $120 a barrel or more.