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Home Questions & Answers Verbal Ability Idioms and Phrases Question Answers What does the phrase ‘as a licence to lose money’ convey

    What does the phrase ‘as a licence to lose money’ convey

  • The penalties for polluting the Arctic are very heavy.
  • Exploring the energy in the Arctic is expensive and may not be profitable for companies.
  • It is very difficult to obtain requisite permissions to explore the Arctic region.
  • Mining for minerals in the Arctic poses risks to the health and lives of explorers.
  • As countries have deliberately lowered the price of oil, Russian oil companies are in financial trouble.

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