"Investment". They keep using that word...
Australia faces a A$17 billion ($13.3 billion) exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target.
Some 44 Australian windfarm projects, about half overseas-funded, have been shelved since a new conservative government said it wanted to cut state support for the industry a year ago, with investors and operators saying they are considering either downscaling or leaving the country altogether if it succeeds.
[...]
Wind power in Australia is not the only renewable energy sector to be affected by uncertainty over government subsidies or actual cuts. In Europe, Germany has scaled back support for solar power over the past few years, leading to a flood of insolvency filings by solar firms and a shrunken market.
Italy's plans to cut subsidies for solar power firms have prompted an investor exodus. Retroactive solar subsidy cuts have also happened in Spain, Greece, Bulgaria and the Czech Republic over the past couple of years, putting off new investors as governments try to rein in energy costs and cut debt.
h/t Davers6
I'd also point out that Yahoo hack, Byron, is censoring the name of P.M. Abbot's "Liberal" party to instead use "conservative". He has no such aversion to using the accurate label "Labor" for the Opposition instead of e.g. "socialists". D1ck.
I guess that if you need a subsidy to stay in business, you don't need to stay in business. That seems very straight forward to me. What am I missing? Actually, the Aussies would be much ahead to get rid of those grifters and deadbeats.
A$17 billion less damage to Australia I say. Those A$17 billion are exaggerated and all targeted at subsidies. Swindle mills and subsidy farms.
This is good news!
Now we just have to find some political leaders with balls and honesty to say it...
Chopping up numerous Birds and flying foxes to appease the eco-freaks and green energy freaktards
The Aussie greentards must be distraught!
The rent seekers are threatening to pick up and
leave if their rape of the taxpayers is delayed.
OH NO !!
What makes me crazy ... is the all this green energy production or lack of ... is funded by we the tax payer ... and then we have to buy it again from the distributors ... so we are paying twice for not enough energy and never will be ...
Governments need to stop funding insane ideas like running a 7 billion plus population on f**king windmill power a technology that closely followed the discovery of the wheel.
Heh, "support for the industry" is failing - here we are in a new millennium and the lefty media are still perfecting their weasel word lexicon - of course "support" for this green albatross is lefty code for massive public subsidy - paying large hydro rates and getting power when you don't need it and a shortage when you do - thus driving industrial users into insolvency.
Wind and solar power tech is a total failure as an AC grid pump - perhaps if there were storage for excess AC energy (which is now either wasted) it would make sense but that is not a reality and Tesla found it to be impossible so green energy tech is simply an answer Rube Golberg would offer rather than Nicola Tesla. - but pursuing obvious disastrous failures mean nothing to the true believer - utopia is just a grasp away - a few more billion dollars or lives and we'll be there.
Green energy tech like statist socialism (communism) were both utopian experiments which failed disastrously - left just can't let go of bad ideas. They had their shot and they failed so it's up to us to put lefty and his bad ideas on a shelf and move humanity forward - mankind's development has been stagnated enough by the failed protocols of leftist (AKA progressive/liberal/socialist) ideology. We can start the surge by pulling the plug on this green energy farce which is nothing but the globalist left's attempt to handycap the wests productive advantages.
This should be the millennia of renaissance of classic individual freedom, cultural creativity and free market prosperity for all - mein got, do we need it. It's an Atlas Shrugged moment for the middle class.
"Investment" and "government" should never be allowed in the same sentence.
The leeches are "running out of other peoples money"
Maggie was right, HUH.
A viable industry doesn't need subsidies. A viable industry pays taxes.
Proof that without billions in taxpayer dollars these great saviours of our planet wouldn't even exist. The whole fraud has nothing to do with 'saving the planet' but fleecing taxpayers through the complicity of corrupt politicians.
Enviromentalisms a mental disorder cuased by too many nuts and watching Aatar over and over again unttheir brains turn to mush
While any sense of eco-sanity is a long way off in Ontario, it's mildly encouraging to see tiny shoots of it emerging elsewhere.
"I guess that if you need a subsidy to stay in business, you don't need to stay in business. "
Yup. Now we just have to find some political leaders with the balls and honesty to say it. None in this country - on either side of the House.
everyone on earth knows that so called green energy is not green and performs so poorly that it would not be used by sane people anywhere. what has happened to us. is there a stupid virus that has effected everyone in the world?
Mean while Wynne is doubling down on her criminal green attack on the people of Ontario
"Over-seas funded" is great, only whenever it's an industry approved of by the so-called "progressives".
Stupid green ideologies based upon Al Gore reading the green leaves of the nut tree
Green energy and the whole climate change shtick are all tied together. They have to keep doubling down or admit that the whole scam was a terrible mistake. Very few times in your life will you ever hear a government admit to making a mistake. They were elected to lead and in their haze of superiority they will lead us over the cliff rather than admit they fell for the greatest hoax of the century. Vanity comes with the job and vanity is the one thing that no politician is short of as long as they're in power. Hindsight only comes when we turf their ass out of office. Even then they probably blame anything except their own leadership. The sheeple are just too far below them to understand.
Greenpeace idiots support Wind energy,Greenpeace messes up the Nazca plain in front of the big big hummingbird,greenpeace leaves a moutian of trash behind them at last years dumb PEOPLES CLIMATE MARCH Translations GREENPEACE is STUPID