More 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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