Wind woe opens door for alternative green ideas
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 9 November 2023
⏱️ 20 minutes
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| 0:00.0 | The views expressed on this podcast are those of the participants, not of Rogers News. |
| 0:08.5 | This new law also provides tax credits that's going to create tens of thousands of good paying jobs, |
| 0:13.9 | clean energy manufacturing jobs, solar factories in the Midwest and the South, |
| 0:19.8 | wind farms across the plains and off our shores, |
| 0:22.6 | clean hydrogen projects and more all across America, every part of America. |
| 0:27.6 | That was Joe Biden speaking last year about the benefits of green subsidies, |
| 0:32.6 | which should have been a boon to companies like wind turbine maker Orsted. |
| 0:36.6 | But far from enjoying the spoils of turbine maker Orstedt. But far from enjoying the |
| 0:38.7 | spoils of subsidies, Orsted has lost tens of billions of dollars off its market value this year. |
| 0:44.8 | But why aren't these companies doing well when there is such demand for clean energy? |
| 0:49.3 | Stay tuned for this week's Viewsroom. |
| 0:52.7 | Welcome back to the Viewsroom, a podcast from Reuters breaking views |
| 0:56.3 | where columnists from around the world talk about the big stories of the week. |
| 0:59.8 | I'm your host, Amy Donovan, coming to you from London. |
| 1:04.7 | Companies that specialize in green energy, |
| 1:07.3 | and more specifically, offshore wind, are having a torrid time. |
| 1:11.5 | Orsted's share price has collapsed by 80% since its peak in 2021. |
| 1:16.6 | But it seems an odd turn of events that the companies that are charged with providing green |
| 1:20.7 | energy infrastructure are doing so badly when there is such a push for alternatives to fossil fuels. |
| 1:26.9 | Here to try and unpick this situation is Lisa Yuka, our European business editor |
| 1:31.5 | and George Hay, EMEA editor of Breaking Views. |
| 1:48.1 | Welcome Lisa and George. |
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