Greed trumps climate as Origin bid voted down by dividend hungry shareholders

https://reneweconomy.com.au/greed-trumps-climate-as-origin-bid-voted-down-by-dividend-hungry-shareholders/

Brookfield’s bold bid for Origin Energy and its plans to spend $30 billion on new wind, solar and storage voted down by shareholders more interested in dividends than climate changes and gree…

Just thought it was interesting to see the nuts and bolts of these decisions. Things can be Interesting and horrifying at the same time, I guess.

2 comments

gravitas_deficiency

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Power infrastructure - and more broadly, basic utilities - have no business whatsoever being run by private companies. If we want to have any hope of actually addressing climate change, energy companies need to be nationalized worldwide.

The parties voting these proposals down represent and infinitesimal fraction of our population, and they’re killing the rest of us because they want a good 5-year ROI. And they will never stop wanting that 5-year ROI. And those same parties voting the proposals down also tend to have successfully executed regulatory capture on their host governments.

Illuminostro

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#fuckyourdividends