The Emperor’s New Solar Panels

CHINESE SOLAR FRAUD

The largest solar panel company in China, Hanergy Thin Film Power Group, which lost half of its value last week, might not have even been making solar panels. HTF lost $18.6 billion in frantic trading last Wednesday, burning index-tracking stock funds in its wake and ‘losing’ its chairman and majority chair man Li Hejun $15 billion. Li shorted HTF by 796 million shares two days before the stock crashed…

According to hedge fund manager John Hempton, who visited Hanergy’s main Chinese factory last month, the vast complex appeared to be pretty much empty.

“It was almost entirely silent. There was essentially no production of solar cells at all and the accounts that suggest significant production and sales are entirely fraudulent.”

Brilliantly, the demonstration solar panels set up outside the factory were oriented away from the sun…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Logging company Resolute’s CEO Richard Garneau suing Greenpeace

“A funny thing happened when Greenpeace and allies were forced to account for their claims in court. They started changing their tune. Their condemnations of our forestry practices “do not hew to strict literalism or scientific precision,” as they concede in their latest legal filings. Their accusations against Resolute were instead “hyperbole,” “heated rhetoric,” and “non-verifiable statements of subjective opinion” that should not be taken “literally” or expose them to any legal liability. These are sober admissions after years of irresponsible attacks.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sunday Shows Sunday Shows
Green Leaders Cringe Skit Green Leaders Cringe Skit
Appeal on Behalf of the Friends of George Miller Appeal on Behalf of the Friends of George Miller
Caroline Lucas Tries to Get Green Suspended for Tweeting Guido Caroline Lucas Tries to Get Green Suspended for Tweeting Guido
“St Patrick was an Immigrant” “St Patrick was an Immigrant”
FLASHBACK: Labour Election Fraud FLASHBACK: Labour Election Fraud
FLASHBACK: LibDem Election Fraud FLASHBACK: LibDem Election Fraud
Amazon Outage Amazon Outage
Green Leader: I Killed Someone Green Leader: I Killed Someone
Experts Wrong About Polar Bears Too Experts Wrong About Polar Bears Too
Guido’s Guide to By-Election Scenarios Guido’s Guide to By-Election Scenarios
Milo 12 Things Milo 12 Things
Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release
Amazing Robot Warehouses Amazing Robot Warehouses
Bring on the Robots Bring on the Robots
BBC Sources Revealed BBC Sources Revealed
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
FOXY “SPANK ME” FOXY “SPANK ME”
Cameron: “I’ll Be Back” Cameron: “I’ll Be Back”
Greens Nuke Progressive Alliance Greens Nuke Progressive Alliance