M. Conlon, from Shroeders, states renewable energy is simply too expensive, cf fossil fuels; & fossil fuels are completely indispensable & essential for backup, reliable, BASELOAD power for the forseeable future. The profits from renewable power are far too low for energy companies being able to make a full switch (for decades- my words?)
Shroeders also nominates STO as one of its preferred stock picks for 2024.
Martin Conlon: The great Origin Energy debate and what it means for Australia's future - Ally Selby | Livewire (livewiremarkets.com)
(If the link above doesn't open, just google "Livewire markets The Great Origin Energy Debate Ally Selby".
STO Well positioned, page-465
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