Canada fossil fuel workers press Trudeau over retraining pledges
Reuters: Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment to reach net-zero greenhouse gas emissions by 2050, but workers in the country’s sizable fossil...
View ArticleCanada clean fuel standard draws fire for reliance on upstream credits
Reuters: One of Canada’s flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office, with...
View ArticleCanada generator TransAlta plans 2 gigawatts of renewables by 2025
Renewables Now: Canadian power generator TransAlta Corp (TSE:TA) has set strategic growth targets that call for the company to add 2 GW of renewables capacity to its fleet by the end of 2025. By this...
View ArticleQuebec pension fund announces oil divestment plan by end of 2022
Pensions & Investments: Caisse de dépôt et placement du Québec, Montreal, announced a new climate strategy that includes completing a divestment from oil production holdings by the end of 2022. The...
View ArticlePanama plans end to coal-fired power by 2023, boost renewables
Reuters: Panama will advance a clean-energy push by embracing ethanol in its gasoline and ending the use of heavy fuels and coal for its power plants by 2023, the nation’s energy minister said. Even...
View ArticleUK prime minister commits to green sources for electricity by 2035
The Guardian: The prime minister has confirmed plans to eliminate fossil fuels from UK electricity generation by 2035. Speaking during the Conservative party conference, Boris Johnson said the proposed...
View ArticleOil companies ask Canada for 75% of carbon capture construction costs
Reuters: Oil and gas companies have asked the Canadian government to design a tax credit to pay for 75% of the cost to build carbon capture facilities that will curb greenhouse gas emissions, the...
View ArticleEuropean Union plans push for end to Arctic fossil fuel production
Nikkei Asia ($): The European Union is to push for an end to the exploitation of Arctic gas, oil and coal even as energy shortages rock countries and companies across the world, according to a draft...
View ArticleBanks using loopholes to dodge pledges to stop funding Arctic drilling
Wall Street Journal ($): Some of the world’s largest banks, including Goldman Sachs Group Inc., HSBC Holdings and BNP Paribas SA pledged in recent years to stop direct financing of Arctic oil...
View ArticleIEEFA Update: COP26 is different to prior COPs
The world has entered a technology race for decarbonisation. Green hydrogen, the ‘electrification of everything’, batteries, electric vehicles (EVs), hydrogen fuel cell vehicles, international grid...
View ArticleU.S. utility-scale solar penetration rose to 2.2 percent in 2020
S&P Capital IQ ($): The utility-scale solar power penetration in the U.S. increased to 2.2% in 2020 from 1.7% in 2019 as more companies continue to adjust their fuel mix in favor of renewable...
View ArticleMore than 40 countries agree to phase out coal-fired power
The Guardian: More than 40 countries have agreed to phase out their use of coal-fired power, the dirtiest fuel source, in a boost to UK hopes of a deal to “keep 1.5C alive”, from the Cop26 climate...
View ArticleGas-powered car ban draws some big automakers but holdouts remain
The Guardian: Twenty-four countries and a group of leading car manufacturers have committed to ending the era of fossil-fuel powered vehicles by 2040 “or earlier”, in a major new commitment set at...
View ArticleHartford Financial to speed exit from tar sands investments to year end
Hartford Courant: The Hartford Financial Services Group Inc. announced Tuesday that it anticipates exiting all tar sands investments by Dec. 31, two years ahead of its commitment announced in 2019. The...
View ArticleZero-emission power from natural gas delivered to Texas grid
Gasworld: NET Power has delivered electricity on to the ERCOT grid from its 50 MWth test facility in La Porte, Texas. The clean energy company, whose technology generates zero-emission electricity from...
View ArticleStudy: Burning gas to make hydrogen produces “substantial” emissions
The Washington Post ($): Hydrogen has been billed as the clean energy of the future by governments worldwide, including in the United States, Europe, Australia and Japan. But a new study published in...
View ArticleTrillions of fossil assets potentially stranded, accounting battles loom
Wall Street Journal ($): At the end of 2019, General Motors Co. announced a $1 billion investment to produce a new generation of Chevrolet Colorado and GMC Canyon pickup trucks at its factory in...
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IEEFA: LNG Canada’s BC project likely last for country’s liquefied natural...
Nov. 24, 2021 (IEEFA) – Due to markets shifts, rising costs and policy changes, Phase I of the LNG Canada export terminal could be the last liquefied natural gas project built in British Columbia under...
View ArticleDevelopers scrap Jordan Cove liquefied natural gas export facility
S&P Capital IQ ($): Developers of the proposed Jordan Cove LNG export facility in Oregon told federal energy regulators they will not move forward with the project, confirming the end of an effort...
View ArticleMaine regulators begin planning for renewables transmission line
Associated Press: Despite attacks on the New England Clean Energy Connect, state regulators have begun the process of collecting proposals for a high-voltage transmission line to serve as a conduit for...
View ArticleApex to develop 1 gigawatt of solar and storage on Weyerhaeuser land
S&P Capital IQ ($): Apex Clean Energy Inc. has entered into an agreement with Weyerhaeuser Co. for the development of 1,000 MW of utility-scale solar and solar-plus-storage projects on Weyerhaeuser...
View ArticleIEEFA: Calls are mounting for a new direction and new chief executive for...
Last week, columnist Chris Tomlinson of the Houston Chronicle contrasted solid shareholder support for a new direction at ExxonMobil with the discordant pronouncements and leadership of the company’s...
View ArticleUK pension fund, UBS drop ExxonMobil and others over climate issues
BusinessGreen: Nest claims firms have ‘not done enough’ on climate to remain shareholders, in move prompted by UBS Asset Management’s decision to eject firms from ‘climate aware’ fund Government-backed...
View ArticleBoundary Dam carbon capture fell last year to lowest levels since 2015
S&P Capital IQ ($): The longest-running and world’s only operating commercial carbon capture facility at a coal-fired power plant struggled with mechanical failures in 2021 that idled the equipment...
View ArticleBlackstone announces plans for $3 billion stake in Invenergy
Bloomberg ($): Blackstone Inc. is adding to its bets on sustainability and climate change, with a $3 billion investment in clean energy and infrastructure-focused Invenergy. Blackstone’s infrastructure...
View ArticleGoldman Sachs invests $250 million in novel compressed air storage
Canary Media: An iconoclastic Canadian startup just raised a landmark investment from Goldman Sachs to build massive storage for clean energy. Hydrostor stores surplus electricity by compressing air...
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IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in...
The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew...
View ArticleScientists pan Canada carbon capture tax credit plan
Bloomberg ($): Canada’s plans to introduce a tax credit for carbon capture in the country’s oil patch would amount to a fossil fuel subsidy for an ineffective technology, a group of academics said in a...
View ArticleIEEFA Update: Financing the future of green hydrogen
The next energy market disruptor, green hydrogen is moving at lightspeed and global investment, with strong policy support and replication of the solar learning curve, is adding to the momentum. In...
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IEEFA: ExxonMobil management fails to manage environment, climate issues
When ExxonMobil (XOM) came to Guyana to drill oil, it brought with it a series of promises—new cash for the country, well-managed operations, good environmental stewardship and an era of good corporate...
View ArticleTravelers to stop underwriting new coal-fired power plants, tar sands
Insurance Business America: Insurance giant Travelers has adopted a new climate policy committing not to underwrite new coal-fired power plants. The insurer has also committed not to underwrite new...
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IEEFA: India’s technology path key to global steel decarbonisation
Recent announcements by global steel companies in India highlight how important the nation’s steel technology path will be to achieving global decarbonisation of the steel sector. ArcelorMittal Nippon...
View ArticleStudy: Banks poured $1.5 trillion into coal industry during 2019-21
Reuters: Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, despite many having made net-zero pledges, a...
View ArticleIberdrola plans $10 billion investment in 3 Massachusetts wind farms
offshoreWIND.biz: Iberdrola will invest more than USD 10 billion in the development of three offshore wind complexes in Massachusetts, the Spanish energy company’s CEO, Ignacio Galán, told the Governor...
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IEEFA U.S.: Small modular reactor “too late, too expensive, too risky and too...
February 17, 2022 (IEEFA)—A small modular reactor (SMR) that NuScale has been developing since the turn of the century is “too late, too expensive, too risky and too uncertain,” according to an...
View ArticleCanada announces end to public funding for Trans Mountain Pipeline
Reuters: Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to...
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IEEFA: New Fortress Energy gas expansion presenting increased risks to investors
February 23, 2022 (IEEFA) – New Fortress Energy’s (NFE) development and expansion of natural gas projects around the world is “unnecessary, unwelcome and unaffordable,” according to an analysis of the...
View ArticleAGL nixes Brookfield, Cannon-Brookes takeover to speed coal exit
The Guardian: AGL Energy has formally rejected a revised takeover bid from the Canadian asset manager Brookfield and the tech billionaire Mike Cannon-Brookes, seeing off the unsolicited bid that the...
View ArticleIEEFA: La expansión del gas de New Fortress Energy presenta mayores riesgos...
23 de febrero de 2022 (IEEFA) – El desarrollo y la expansión de proyectos de gas natural de New Fortress Energy (NFE) en todo el mundo es “innecesario, inoportuno e inasequible”, según un análisis de...
View ArticleSaft lands contract for largest battery energy storage system in Arctic
Energy Storage News: Saft has won a turnkey contract for a 7MWh battery energy storage system (BESS) in a Norwegian archipelago which it claims is the largest in the Arctic, although much larger...
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IEEFA: Trans Mountain (TMX) pipeline ($17 billion+) will require even more...
March 9, 2022 (IEEFA) – Three years and an estimated $17.3 billion* into the controversial Trans Mountain pipeline expansion (TMX) project, the Canadian government has declared that no more national...
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IEEFA Australia: The case for introducing a carbon tax
As the evidence mounts every day that the worst is happening sooner than scientists expected, politicians of both parties in Australia skirt around having a meaningful climate policy – while pretending...
View ArticleWealthy nations should quit fossil production by 2034 to avert disaster
The Guardian: Rich countries must end all oil and gas production in the next 12 years, while the poorest nations should be given 28 years, to provide a fair transition away from fossil fuels, according...
View ArticleNew York regulators approve power line deal with Hydro-Québec
Huffington Post: New York state regulators on Thursday approved two massive transmission projects to carry clean electricity into New York City, boosting hopes that the nation’s largest city could...
View ArticleBoralex, Energir, Hydro-Quebec plan 1.2 gigawatts of wind for Quebec
ReNews.biz: Boralex, Energir and Hydro-Quebec are partnering to develop three wind projects with a total capacity of 1200MW, in Quebec, Canada. The partnership is in line with Hydro-Quebec’s intention...
View ArticleCanada expected to add 5.5 gigawatts of wind and solar in 2022
S&P Capital IQ ($): Continuing the 2021 trend of renewable energy accounting for the largest share of new additions of power generation in Canada, planned wind and solar additions total 5,558 MW in...
View ArticleAuditor: Canada’s overestimate of hydrogen benefits jeopardizes goals
Reuters: Canada has overestimated how much using hydrogen could reduce greenhouse gas emissions over the next decade, potentially jeopardizing Ottawa’s ability to meet climate targets, a report from...
View ArticleMountain Valley Pipeline start date delayed, estimated costs increased
Pittsburgh Post-Gazette: Equitrans Midstream Corp. has again delayed the start date for its 303-mile Mountain Valley Pipeline and raised its estimated cost to $6.6 billion, more than twice the original...
View ArticleMining giant Glencore investing $200 million into battery recycler
Reuters: Miner and commodity trader Glencore Plc (GLEN.L) said on Thursday it is investing $200 million in battery recycler Li-Cycle Holdings Corp (LICY.N) as it looks to expand supply of battery...
View ArticleArcelorMittal completes successful test using green hydrogen in steelmaking...
Renewables Now: Steel and mining major ArcelorMittal SA said today it has successfully tested the use of green hydrogen in the production of direct reduced iron (DRI) at its Canadian facility in...
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