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A good time for shady energy companies to get some funding ;) Germany had cases like Prokon http://www.ft.com/cms/s/0/cbd86008-8394-11e3-aa65-00144feab7de.html
by elcapitan 11y ago
A good time for shady energy companies to get some funding ;) Germany had cases like Prokon http://www.ft.com/cms/s/0/cbd86008-8394-11e3-aa65-00144feab7de.html http://www.ft.com/cms/s/0/cbd86008-8394-11e3-aa65-00144feab7... destroying quite some investor money.
- pacificmint 11y agoYou say that as if the consequence is that we should not invest into alternative energy production. Prokon used unregulated financial instruments to take investments, and they obscured their financial situation by spreading their balance sheet over dozens of companies. It took the bankruptcy administrators a year to even figure out what the financial situation really was. I think what we should take from that is that oversight over companies that take financial investments, especially from consumers, should be tighter. That really has nothing to do with alternative energy.