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More attractive might be understating it: https://www.abc.net.au/news/12990532 https://www.abc.net.au/news/12990532 > The owners of Australia's newest coal-fi
by rstuart4133 6y ago
More attractive might be understating it:
https://www.abc.net.au/news/12990532 https://www.abc.net.au/news/12990532
> The owners of Australia's newest coal-fired power station have written down the value of the asset to zero, wiping out a $1.2 billion investment in the face of an onslaught of renewable energy. ... The decision was booked in Sumitomo's September accounts, in which the company acknowledged the facility was worthless despite being barely 10 years old.