Stranded assets

Spend a whole lotta money, and now can’t get any revenue in. See also, white elephant.

Stranded assets are “assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities”
http://en.wikipedia.org/wiki/Stranded_asset

 

On coal assets being stranded in China and Japan

29 May 2016 Japan, China face mounting risks of stranded coal investments

 

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