Investors are starting to abandon clean green energy as they realize it’s never going to be cheap
Kathryn Porter in The Telegraph, has compiled quite the list of failures as offshore wind projects get frozen around the world. Decisions are being delayed, contracts abandoned, auctions left without bidders and almost no new projects started. The awful truth of inflation, the maintenance cost shocks and cable failures is all too much. Then there was the problem of needing a 100 years of copper, nickel and lithium production before Christmas.
It’s all been kept quiet. Who know there were no offshore wind investments in the EU last year, apart from a few floating projects?
After years of subsidies, wind power was meant to get cheap enough to be profitable and competitive all by itself, instead, 25 years later, it just needs bigger subsidies. When the great oil and coal price crunch came, wind power was supposed to rise through the ashes, instead we discovered that wind turbine and battery factories needed cheap coal and oil like the rest of the economy.
https://joannenova.com.au/2023/10/investors-are-starting-to-run-from-clean-green-energy/
Notice how quiet all the Liberals have gotten lately with our Prime ministers decisions? 🤫
Connect the dots—it’s all part of the same pattern:
🌅Tearing Up the Indian Act to Open Up Land: He announced Canada needs to move "beyond" the Indian Act, opening the door to abolishing it.
❓Why does this matter❓Dismantling a 150-year legal foundation without a clear replacement creates massive national chaos. But for global investment firms, clearing away legal land barriers and duty-to-consult hurdles makes it infinitely easier to fast-track resource acquisitions and infrastructure projects without local resistance.
📈Profiting from the Very Corporate Giants Who Gain:
Under oath at the House Ethics Committee, Brookfield COO Justin Beber confirmed Carney kept millions in unexercised stock options and performance payouts expiring through 2033. The Ethics Commissioner said that “Carney’s future compensation is tied to Brookfield’s success”. When federal policy dismantles regulatory ...
