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‘That’s not sustainable’: Big Oil squeezes green energy profits – Sydney Morning Herald

The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar…

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Siemens Gamesa lost 314 million ($501 million) in the three months ended in June. The Spanish developer was wrong-footed this year by the surging price of steel, which accounts for most of a turbines weight.
Even Equinor, an oil and gas company that has…

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