OF THE
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Global green energy company Siemens Gamesa reported Thursday that it had lost a staggering $967 million during the three-month period from between October to December.The translation of "further government action" is increased subsidies, beyond those already offered in the misnamed "Inflation Reduction Act," which mostly subsidizes green energy. Think Solyndra-like loan guarantees beyond those already available.
The Germany-based company, which dubs itself as "the global leader in offshore power generation," noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months and years, in its earnings report for the first quarter of fiscal year 2023 released Thursday morning. The company added that governments would need to further assist the industry to ensure future positive growth.
"The negative development in our service business underscores that we have much work ahead of us to stabilize our business and return to profitability," Siemens Gamesa CEO Jochen Eickholt said in a statement.
"The beginning of fiscal year 2023 saw a further increase in global wind demand prospects for the next ten years, but further governmental action is needed to close the gap between ambitious targets and actual installations," the company added in its release.

The mother of the victim told Local 10 she will demand criminal charges against her child's assailants.The leftist media goes into spin mode:
She told the outlet that school administrators are overwhelmed by spiraling violence inside and around the school — and their response was to advise her to enroll her three children elsewhere.
The heartbroken mom noted her two older kids have also been bullied during their brief time at the school — and counselors and administrators have done nothing to address her complaints.
The girl's father took to social media to express his rage and vowed to launch protests in front of the school.
"I want to set up a rally and confront the school head-on," he wrote on Facebook. "The lack of security is unreal, and the lack of security on the bus is ridiculous ... The bullying must stop!!!"


Comment: The last paragraph probably explains why the comedian and podcast host is receiving an undue amount of attention.