Australian investment firm IFM rules out any new thermal coal projects
The Sydney Morning Herald: One of the country’s largest infrastructure investors has ruled out investing in any new thermal coal assets, after announcing a $C2.8 billion ($2.9 billion) acquisition of...
View ArticleBP, Chevron invest in promising geothermal technology
Market Watch: BP and Chevron have made a landmark expansion into geothermal energy on Tuesday, betting on a new technology that could prove to be the world’s first scalable clean energy derived from a...
View ArticleIEEFA: ExxonMobil’s 2020 financial report: “Re-de-booking” raises questions...
As expected, COVID wrought havoc with earnings, leaving ExxonMobil with an enterprise-wide return on capital employed of minus 9.5%. But the real story wasn’t in the income statement; it was the...
View ArticleStudy finds methane emissions from planned coal mines pose major threat to...
Reuters: Methane leaks from planned coal mines around the world could have a bigger climate impact than carbon emissions from U.S. coal plants, a research group said on Thursday, detailing what it said...
View ArticleCanadian regulator: Renewable transition picking up speed in oil-producing...
Reuters: Canada’s biggest oil-producing province Alberta is expected to see the fastest growth in renewable energy capacity between 2018 and 2023, the Canada Energy Regulator forecast in a Tuesday...
View ArticleNew York state pension fund to divest from six Canadian oil sands companies
Reuters: New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s...
View ArticleIEEFA U.S.: New questions raised about Puerto Rico-LUMA grid privatization...
April 15, 2021 (IEEFA) ⎼ The Institute for Energy Economics and Financial Analysis is questioning the wisdom of a contract to privatize Puerto Rico’s power grid in a letter to the Financial Oversight...
View ArticleIEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant
April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute...
View ArticleGauging ambition of U.S. climate goal depends on the starting point
New York Times ($): The United States officially has a new goal for fighting climate change over the next decade. So how ambitious is it? President Biden announced Thursday that America would aim to...
View ArticleCorporations added more than 20,000MW of new solar and wind in 2020
S&P Global Market Intelligence ($): The COVID-19 pandemic proved to be a significant disruption for many corners of the global energy industry, but the corporate renewables market plowed ahead as...
View ArticlePembina announces Jordan Cove LNG, Pacific Connector pause
S&P Global Platts ($): Canada’s Pembina has told a US appeals court it is pausing development of its proposed Jordan Cove LNG export terminal in Oregon and affiliated Pacific Connector feedgas...
View ArticleCanada clean energy investor plans $2 billion clean production Australia hub
Renew Economy: Canadian clean energy investor Amp Energy has big three solar and battery projects in South Australia as part of a $2 billion play to create a zero emissions hydrogen production hub....
View ArticleGlobal demand for super-cooled LNG is becoming cold
Reuters ($): This week’s decision by Australia’s Woodside Petroleum Ltd (WPL.AX) to pull out of a big Canadian liquefied natural gas (LNG) project was the latest blow to a sector that has been heralded...
View ArticleNextEra battling clean energy competition from Canada hydropower
Bloomberg ($): A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met a powerful opponent: the world’s largest provider of renewable energy....
View ArticleOil companies resisting boom-and-bust cycle as transition accelerates
Bloomberg ($): “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks...
View ArticleUS cheap offshore wind power could migrate to Canada power grid
S&P Global Market Intelligence ($): A flood of cheap power generated by planned U.S. offshore wind projects could find its way onto Canada’s power grid, reversing a long-standing trend of mostly...
View ArticleCorporate climate battles in U.S. and Europe finding way to Canada
Financial Post: Before activist shareholder Engine No. 1 scored a major victory in forcing two directors onto the board of oil behemoth Exxon Mobil Corp., a preview of the battle played out in Calgary....
View ArticleIEEFA: New U.S. LNG export projects face quartet of stiff headwinds
June 7, 2021 (IEEFA)—Like many businesses, the U.S. liquefied natural gas (LNG) industry spent most of 2020 in a state of financial quarantine. As COVID-19 spread through gas-importing nations in...
View ArticleBiden offshore wind plans meet stiff headwinds for major expansion
New York Times ($): A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs. The United States has exactly seven. With more than 90,000 miles of coastline, the...
View ArticleIEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results
June 9, 2021 (IEEFA) – ExxonMobil’s claims that its Permian Basin oil and gas reserves are world-class will need the immediate attention of the new board, according to a new analysis by the Institute...
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