Zen Energy’s collapse is no vindication for coal
The collapse of renewable energy retailer Zen Energy has been seized on by critics of Australia’s energy transition, but its failure says little about the broader shift towards renewable energy.
Former Sydney shock-jock Ray Hadley has finished with his daily morning shows on radio 2GB, but he’s not done with sharing his views with the public and getting them amplified by the likes of the Murdoch media. And he’s not done with his attacks on renewables and getting things completely arse-end up.
His latest burst of excrement is focused on the failed renewable energy retailer Zen Energy, which was put into voluntary administration last month and now will be liquidated after racking up a huge amount of debt, little if any of which is likely to be recovered by its creditors.
Zen was formerly chaired by the eminent economist Ross Garnaut, and his son Anthony was chief executive at the time of its collapse, and Hadley reckons its failure is proof that they were wrong about climate change and wrong about renewables. And he has decided that federal energy minister Chris Bowen also deserves a........
