Investors face up to the delusion of wind power.
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The wind industry is in meltdown around the globe, simply because investors have woken up to the monumental RISKS.
Risks like: – turbines falling apart in less than 2 years; under pressure from voters, governments pulling the plug on the massive subsidies essential to keep the scam rolling; neighbours suing the operators to obtain compensation and/or to have turbines shut down or removed.
In response to these pretty obvious risks, the amount being stumped up by investors to build more of these things has plummeted.
The scam is little more than the latest Ponzi scheme – with Australia’s best and brightest at Union Super Fund backed Pacific Hydro losing $700 million of mum and dad retirement savings; with its parent – IFM Investors – deciding to ditch Pac Hydro and Pac Hydro deciding to ditch its Cape…
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