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. A few months later, the IEA was calling for more oil. 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. But the UN’s most senior official did not stop there. Guterres then went on to say that “The only true path to energy security, stable power prices, prosperity and a livable planet lies in abandoning polluting fossil fuels — especially coal — and accelerating the renewables-based energy transition.” […]