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Snowy 2 – First thoughts
By David Leitch Cynics have claimed the NEG is just a mechanism to make Snowy 2 viable. As it stands, we can only see Snowy making sense if Australia has a much higher share of renewables than contemplated under the NEG.
Read more here:: Renew Economy
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Adani's $58 billion wiped out in 6 days vs Bankman-Fried's wealth loss
Nearly $58 billion has been wiped off Gautam Adani’s fortune in six days, a feat that has very few parallels in history. According to Bloomberg Billionaires Index, Adani’s collapse is 3 times more than ‘Crypto King’ Sam Bankman-Fried’s loss of $16 billion in less than a week. The CEO of FTX lost all his wealth after the collapse of the crypto exchange. Adani is set to become the world’s…
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Adani's stock is valued at $120 billion, half of the group's value
The brutal stock rout in Gautam Adani’s companies continued on Friday, a sign that the billionaire needs to do more to restore confidence in his group’s financial health following allegations of fraud by Hindenburg Research. All 10 of the group’s stocks fell in early Mumbai trade, with $120 billion, or more than half of their combined value, wiped out as a US-based short seller last week claimed…
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