In a medium sized pot, heat the chicken/vegetable broth/stock and then turn down to 'simmer' while preparing the rice.
Heat 2 Tbsp. olive oil and 2 Tbsp. of butter in a wide, deep saucepan.
Add the cup of onions and sauté for about 7 minutes, until glassy.
Add the 2 large minced cloves of garlic and the chunks of pancetta.
Sauté for another 10 minutes . . . do not burn
Add the rice and cook on low-medium for about 5 minutes, until the rice begins to turn glassy.
Add wine and simmer for 2 minutes.
Add whole sage leaves.
Add broth/stock one cup at a time, stirring and fully absorbing the liquid into the rice mixture after each cup is added. (If you want your risi e bici to be more of a soup, than add the broth/stock all at once and stir until the rice is cooked to your preference level).
If the rice is too thick for you and more of a risotto consistency, just add more hot broth.
Add the peas.
Stir in cheese.
Stir in chopped Italian parsley.
Serve garnished with grated parmigiano cheese and chopped parsley.