The Devastating Corporate Response to Carbon Madness

“Only in a damaged, subsidy driven market, do political fashions take precedence over economic opportunities.”

Ahhh the ‘politics’ of ‘climate change’ shining through again …. and again.

Very interesting read. Watch that space.

Nice one Eric Worrall. Thx WUWT.

Watts Up With That?

Guest essay by Eric Worrall

What do you do, if governments are threatening to impose damaging new taxes on your business, in the name of combatting “climate change”? The answer is surprisingly simple. It is a clever solution which creates a devastating setback, for politicians who were hoping to raise serious revenue from carbon taxes.

Back in 2014, E.ON split into two businesses – a politically favoured “renewable” business, and a bucket which contained their old school fossil fuel business assets.

According to the Wall Street Journal (in 2014);

E.ON, Germany’s largest utility company by market value, said it wants to shrink its core to focus on renewable energy, its distribution network and providing customer solutions.

The split will provide a clear distinction between business portfolios that vary in risk, with each company appealing to different investor groups, E.ON said.

Utilities in Europe have been hit hard by a surge…

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