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GE lost billions by 'misjudging' renewables: report "GE lost a 'simply staggering' $193 billion in just three years to 2018 -- amounting to almost three quarters of its market capitalisation." h/t @chickamadehttps://news.yahoo.com/ge-lost-billions-misjudging-renewables-report-114015514.html …
"As the price of renewable energy technologies such as wind and solar fell in recent years, the IEEFA said GE has been left with billions in stranded fossil fuel-related assets as cheaper alternatives curbed industry demand for coal and gas."
"Some people would suggest that the gas business is dying (and) there are certainly structural challenges afoot," ~ Larry Culp, GE CEOhttps://news.yahoo.com/ge-lost-billions-misjudging-renewables-report-114015514.html …
Sorry but they deserve it!!
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