Are renewable energy investors gullible fools?

Law firm Baker and McKenzie suggests owners of renewable energy projects will be financially ruined by the government's plan to cut the RET. But shouldn't they have seen this coming?

Look, we originated a renewable energy target. That was one of the policies of the Howard Government and yes we remain committed to a renewable energy target … we have no plans to change the renewable energy target. 
--Tony Abbott, September 29, 2011

There is a considerable consternation amongst the investor community about Industry Minister Ian Macfarlane’s announcement the government wants to cut the large-scale Renewable Energy Target by 40%.

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