First the farmers’ protests against higher taxes, reduced subsidies and restrictive policies imposed by the EU in pursuit of a rainbow coloured unicorn called net zero forced the Brussels Bureaucrats to cave in, reverse some policies and offer concession on punitive taxes. Then came news that in 2023 the share of new vehicle sales claimed by electric cars and vans had dropped against earlier years after projections earlier in the year that it would increase by ten per cent or more. Another story, played down by mainstream media, concerned the withdrawal by London Transport Authority of its entire fleet of electric buses after three spontaneously combusted within a week.
And now we have the latest blast of pseudo scientific flatulence from the wind power business:
Wind farm operator forced to cut hundreds of jobs
Ørsted quits several global markets and scales back offshore projects.
One of Britain’s largest offshore wind developers has been forced to cut hundreds of jobs and quit several global markets as it battles spiralling costs.
Ørsted, which operates 12 wind farms in the UK, announced a raft of cost-cutting measures after posting around £2.2bn worth of losses for 2023.
This includes halting dividend payments until 2025 and pulling out of several international markets, including in Norway, Spain and Portugal.
Ørsted’s cash crunch comes after the business abandoned several uncompleted projects in the US last year after incurring billions of pounds of losses. … Continue reading >>>
All we long – term climate change sceptics at Boggart Blog can say is, WE TOLD YOU SO.
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