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I doubt it'll work. If the business is profitable, capital will find a way to flow to it.
by RickJWagner 7y ago
I doubt it'll work. If the business is profitable, capital will find a way to flow to it.
- ptah 7y agohis point is that profitability will go down sharply in an abrupt manner
- 2zcon 7y agoI didn't interpret the letter as laying out a plan that must work. I understood: - If governments stop funding coal, coal goes down. - Governments are likely to stop funding coal. - Coal is likely to go down. - This risk isn't adequately represented.