Oddbean new post about login | logout Another day, another large chunk of #infrastructure is bought up by foreign #investors; UK #renewableenergy firm Banks Renewables (a major operator of #windfarms) is being bought by Brookfield from #Canada. Again one has to wonder why foreign investors often seem keener to invest in UK #GreenTransition than UK investors? (a couple of decades down the track will this be the #water sector all over again, I wonder, with accusations of lack of continued investment & rent seeking? Time will tell)
@43d7c4ea I wonder what the business model of the wind farms is. Rent seeking seems most common in sectors where companies just cash a cheque from the taxpayers for running what used to be a public utility, often with a monopoly position.
@43d7c4ea Ok, I had to look it up. Brookfield Renewables, is owned by Brookfield Asset Management, which is owned by Brookfield Corporation, which appears to be divided amongst various large stock holders, such as banks and investment funds. So I guess it’s arguably mostly Canadian-ish, unless you want to go down the rabbit hole of who owns those banks and funds. It’s nearly impossible to determine who actually “owns” anything anymore, because it’s just shell corporations all the way down.