World News

32291 readers

642 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

588

Germany begins dismantling wind farm for coal (euobserver.com)

submitted 1 year ago by [email protected] to c/[email protected]

266 comments fedilink hide all child comments

German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the western region of North Rhine Westphalia.

I thought renewables were cheaper than coal. How is this possible?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

I mean, that's probably actually it. Short term profits are all shareholders care about. We've seen that time and time again where businesses will absolutely mutilate themselves just so shareholders can enjoy a short term price spike. This is just a pump and dump but for the energy industry.