Invest in Useless “Renewables”, and Prepare to Lose your Money!!
By Paul Homewood
An Industry Note from Jefferies International highlights the mess that EU energy policy is in, and brings a dose of cold reality to investors in renewables.
Picking up on three recent developments in the UK – removal of the exemption from the Climate Change Levy for renewables, ending of ROC subsidies for onshore wind, together with changes in planning laws to give local authorities the final say over wind farms, and moves to cut energy bills for consumers, Jefferson comment:
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