German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the Western region of North Rhine Westphalia.

German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the western region of North Rhine Westphalia.

I thought renewables were cheaper than coal. How is this possible?

  • Fosheze@lemmy.worldEnglish
    1·
    1 year ago

    I mean, that’s probably actually it. Short term profits are all shareholders care about. We’ve seen that time and time again where businesses will absolutely mutilate themselves just so shareholders can enjoy a short term price spike. This is just a pump and dump but for the energy industry.