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I doubt it'll work. If the business is profitable, capital will find a way to flow to it.


I didn't interpret the letter as laying out a plan that must work.

I understood:

- If governments stop funding coal, coal goes down.

- Governments are likely to stop funding coal.

- Coal is likely to go down.

- This risk isn't adequately represented.


his point is that profitability will go down sharply in an abrupt manner




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