Whoops. A classic business mistake: not seeing the obvious system shift ahead, until it’s too late. Companies that don’t embrace the low-carbon reality of the future will hold on for dear life, dragging their heels, and unless they change, disappear...
Kodak moment and canary in the coal mine: GE lost $193 billion because it still thought gas and not solar and wind was the future. I hope it is a wake up call for other companies.
Why is building a LNG plant; a financial loser for the city, taxpayers, and our planet? GE has lost ~3/4 of its market cap in 3yr, for failing to transition to renewables. Don’t let that happen to us .