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dewline1. David Olive on the acquisition of Suncor - PetroCanada's parent company - by Elliott Investment Management LP in New York:
https://www.thestar.com/business/opinion/2022/07/21/the-big-takeaway-from-suncor-deal-run-your-company-right-or-someone-else-will.html?rf&source=newsletter
Looks like another plan for asset-stripping targeting an already vulnerable company to my eyes. "Vulture capitalists", they used to call such firms, right?
2. And this is another part of why Suncor's in trouble. They're not the only culprit involved here, of course.
https://www.cbc.ca/news/science/monarch-endangered-international-red-list-1.6527309
3. And now there's another nail in fossil fuels' collective coffin.
https://www.cbc.ca/news/canada/windsor/enwin-ev-project-1.6526746
More on other topics later...
https://www.thestar.com/business/opinion/2022/07/21/the-big-takeaway-from-suncor-deal-run-your-company-right-or-someone-else-will.html?rf&source=newsletter
Looks like another plan for asset-stripping targeting an already vulnerable company to my eyes. "Vulture capitalists", they used to call such firms, right?
2. And this is another part of why Suncor's in trouble. They're not the only culprit involved here, of course.
https://www.cbc.ca/news/science/monarch-endangered-international-red-list-1.6527309
3. And now there's another nail in fossil fuels' collective coffin.
https://www.cbc.ca/news/canada/windsor/enwin-ev-project-1.6526746
More on other topics later...
no subject
Date: 2022-07-22 01:22 pm (UTC)SMH.
One of my favorite clothing store chains back in the '90s was Mervyns. Inexpensive, decent durability, reasonably stylish. Bought out by a vulture org. Mervyns mostly owned the real estate that their stores stood upon and it was more valuable than the stores and their receipts. The stores were liquidated and gone.
Bring back hanging, invest in rope, and put the VCs at the front of the line.