They don’t need to make a profit if they are part of a communal economy.
I’ve recently sold several stocks including Honeywell because they’ve gone full ESG/DEI. The companies that do this have one thing in common, their stock values either go down or go nowhere positive. They are no longer in business to make a profit. If they’re making a profit than they’re not virtue signaling hard enough and will face criticism for destroying the Earth or whatever. The funds all had precisely 30% of their investments in losing ESG/DEI investments. I’m hoping that there will be massive lawsuits as these companies have abandoned their fiduciary responsibility to the investors. Until that happens research the ESG/DEI policies of any investment. Honeywell said they were giving “loans” to green energy enterprises. None of those will ever turn a profit because they aren’t supposed to. Profit is evil, don’tyaknow?
Honeywell was woke from the late 80’s onward. I know I worked there.
People who believe green energy is workable are likely to also believe that planting a garden on Mars, tho not in a greenhouse, will work.
I could have told you that these stocks would not work in the beginning and I am no stock expert.
THIS is one of the reasons we have inflation, wasted money on worthless programs. This money may as well have been thrown out the window, it would have benefited more people. Instead it is another wealth transfer to the pockets of the promoters.
In just California it would cost $500 billion+ to build enough charging stations (like gas stations) let alone the cost of the new power lines and you have to have nuclear, natural gas, coal, hydro as backup as solar and wind are very unreliable. So the cost of 2 power plants and power lines and charging stations = extremely high electric bills. Now add in the 45 minute charging times or more.
See: This Is Yet Another Piece Of Evidence That Electric Vehicles Just Aren’t Working Out
https://freerepublic.com/focus/f-chat/4195386/posts
At least 7 charging and about 14 cars in line waiting.