Legal Insurrection by Leslie Eastman 10/14/2023
It looks like a green energy bloodbath.I have been chronicling the toppling of the green energy dominoes for quite some time, as people begin to discover that climate cult beliefs in technology is not the same as scientific and engineering realities. Some recent highlights include:
Sweden’s government has ditched plans to go all-in on “green energy,” green-lighting the construction of new nuclear power plants. Fossil fuel giant Shell announced it was scaling back its energy transition plans to focus on . . . gas and oil! Specific wind farm projects began to topple due to strong economic headwinds because the cost of the electricity to be generated was deemed too high.
British Prime Minister Rishi Sunak announced his decision to open the North Sea to more oil and gas drilling. French President Emmanuel Macron is surrendering to reality and asked for a “regulatory pause.”
Now comes the news that investors are fleeing renewable energy funds due to rising costs and escalating rates.
Investors ditched renewable energy funds at the fastest rate on record in the three months to end-September as cleaner energy shares took a beating from higher interest rates and soaring material costs, which are squeezing profit margins.
Renewable energy funds globally suffered a net outflow of $1.4 billion in the July-September quarter, the biggest ever quarterly outflow, according to LSEG Lipper data.
More:
https://legalinsurrection.com/2023/10/renewable-energy-sector-toppling-as-investors-pull-out-billions/
