Author Topic: Renewable Energy Sector Toppling as Investors Pull out Billions  (Read 640 times)

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Offline Elderberry

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Renewable Energy Sector Toppling as Investors Pull out Billions
« on: October 14, 2023, 11:15:03 pm »
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.


Online Smokin Joe

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Re: Renewable Energy Sector Toppling as Investors Pull out Billions
« Reply #1 on: October 15, 2023, 05:09:12 am »
And Biden furthered his attacks on oil and gas drilling...

Kennedy wants to ban fraccing, essential to recovering economic levels of production from tight gas and shale associated unconventional reservoirs.

Has anyone put out the 'cooking over dung fires' cookbook yet?
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis