Despite hundreds of millions of dollars' worth of investment, the value of Carnegie Clean Energy's supposed world-leading wave technology has plummeted from $83 million to $15 million in the latest sign the company is on the edge of collapse.
However, the company failed to meet its reporting deadline, resulting in it being suspended from the ASX. But it also raised questions over why taxpayers continued to fund the significant financial risks of developing this technology and why they — and shareholders — have not been told how much energy it is producing.
Source: News Formal (newsformal.com)
OH!!! what do you think Climate Youth.
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