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12-01-2021, 01:03 PM
#2171
Always good to read different points of view to learn and limit one’s biases.
The Folly of Renewable Energy
http://www.rationaloptimist.com/blog...MYxN0.linkedin
”When investors are euphoric, they are incapable of recognising euphoria itself “
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12-01-2021, 07:00 PM
#2172
Originally Posted by Marilyn Munroe
Majority state owned gentailers have a shareholding limit of ten percent, other than Her Majesty the Queen in right of her Dominion of New Zealand.
So if you are planning to sell into this rising price do so before whoever is buying "open circuit" gets to ten percent.
Boop boop de do
Marilyn
Is NZ still a Dominion? We joined the UN as "New Zealand" and adopted the statute if Westminster in 1947 . The Constitution Act removed any right for the UK to legislate insight of the British Crown over its dominion of New Zealand.
Last edited by Bjauck; 12-01-2021 at 07:01 PM.
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12-01-2021, 07:52 PM
#2173
Member
Originally Posted by Bjauck
Is NZ still a Dominion? We joined the UN as "New Zealand" and adopted the statute if Westminster in 1947 . The Constitution Act removed any right for the UK to legislate insight of the British Crown over its dominion of New Zealand.
No. New Zealand is no longer a Dominion, it's a sovereign country, and the head of state is the Queen of New Zealand, not the Queen of England. That she holds the title of Queen of England (and Queen of Canada, Queen of Australia, etc) is irrelevant.
The actual title is "Her Majesty the Queen in Right ofNew Zealand", usually prefixed with "Minister of State Owned Enterprises, on behalf of" or "Minister of Finance, on behalf of".
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12-01-2021, 09:19 PM
#2174
Originally Posted by winner69
Yes, and also interesting to google one of the key statistics quoted. The folly of Renewable Energy quotes Hydro as supplying 2.5% of the world's energy consumption.
The website link below estimates that in 2019 hydro was 15.63% of the world's energy consumption. It has a country by country breakdown over time. The key data source was information from BP which looks pretty comprehensive.
https://ourworldindata.org/grapher/s...rliest..latest
That's a pretty big gap between different sources, and I'd tend to believe the BP data. It does however make it odd that the Blackrock renewables index has such a high weighting towards CEN and MEL. I can only guess that in many other countries major hydro dam's are government owned and therefore unable to be directly invested in (or are owned by companies that also have coal/oil power plants meaning renewable energy is not the majority of their activity).
Last edited by Scrunch; 12-01-2021 at 09:20 PM.
Reason: adding extra
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13-01-2021, 09:14 AM
#2175
Originally Posted by Scrunch
Yes, and also interesting to google one of the key statistics quoted. The folly of Renewable Energy quotes Hydro as supplying 2.5% of the world's energy consumption.
The website link below estimates that in 2019 hydro was 15.63% of the world's energy consumption. It has a country by country breakdown over time. The key data source was information from BP which looks pretty comprehensive.
https://ourworldindata.org/grapher/s...rliest..latest
That's a pretty big gap between different sources, and I'd tend to believe the BP data. It does however make it odd that the Blackrock renewables index has such a high weighting towards CEN and MEL. I can only guess that in many other countries major hydro dam's are government owned and therefore unable to be directly invested in (or are owned by companies that also have coal/oil power plants meaning renewable energy is not the majority of their activity).
That's exactly right. One has to wonder now if Governments around the World that hold these assets may look to NZ as a blueprint of what can be achieved with shared ownership and Governments being able to raise potentially a LOT of money quite easily in the post COVID World !!
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13-01-2021, 02:30 PM
#2176
Member
Originally Posted by iceman
That's exactly right. One has to wonder now if Governments around the World that hold these assets may look to NZ as a blueprint of what can be achieved with shared ownership and Governments being able to raise potentially a LOT of money quite easily in the post COVID World !!
Or perhaps a warning even.
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14-01-2021, 08:35 AM
#2177
Tiwai continuing to 2024. I think this wasn't unexpected news
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14-01-2021, 08:51 AM
#2178
Member
Seemed to be on the cards, especially with aluminium prices rising (I believe).
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14-01-2021, 08:55 AM
#2179
Rio Tinto got their way again ...well played them
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-01-2021, 09:12 AM
#2180
Originally Posted by winner69
Rio Tinto got their way again ...well played them
Well said, this was not unexpected.
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