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Published on January 22nd, 2021
Noted author and 350.org co-founder Bill McKibben was among the first to celebrate word that the president of the European Investment Bank on Wednesday openly declared, “To put it mildly, gas is over” an admission that squares with what climate experts and economists have been saying for years if not decades.
Members of the European Parliament rally against fracked gas in 2012. On Wednesday, the head of the European Investment Bank (EIB) declared “Gas is over” during a presentation of the bank’s 2020 performance. (Credit: flickr / cc / greensefa)
By Jon Queally
Dr. Werner Hoyer, president of the EIB the investment bank publicly owned by the European Union’s member states made the comments while presenting a review of the institution’s 2020 operations at a press conference in Luxembourg.