Wind and Solar Investors Cut and Run

Major investors are deserting wind and solar installations, walking away and writing off billions of dollars, as their share prices plummet. The ‘Green Dream’ is morphing into a nightmare of failure and financial loss. What’s more, electric vehicles are losing value at twice the rate of petrol and diesel, while insurance policies rise at twice the rate. Hertz is hurting over the money it’s losing on its EV fleet and Australia’s Drive magazine writes that more EV sales will actually increase demand for coal, because solar and wind generation is not up to the job of charging these batteries. Environmental, Social and Governance (ESG) corporate blackmail is hitting resistance. Even Vanguard pulled out of the Net Zero Asset Managers Initiative, citing risk and poor returns. ESG initiatives rely on government handouts and because of that, our economy is being destroyed for a virtue-signalling initiative that is falling apart before our eyes. We cannot ignore the signs – it’s time we followed in the investors’ footsteps, cut our losses and start putting Australians first. Transcript: