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IEEFA New York: NYC Pension Funds Begin to Craft a Fossil-Fuel Divestment Path Others Can Follow

As the Financial Rationale Grows, a Mechanism for Exercising Fiduciary Responsibility

A certain recent RFP from the New York City comptroller on behalf of the city’s pension funds could be the beginning of something big. It calls for a carbon footprint analysis of the funds’ holdings and advertises an opening for a climate-risk investment-strategy consultant. While the RFP is shrouded in pension-speak, its aim is clear: […]

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IEEFA Europe: Behind Vattenfall’s Sell-Off of German Lignite Assets, a Subsidy Play by the Buyers


IEEFA Europe: Behind Vattenfall’s Sell-Off of German Lignite Assets, a Subsidy Play by the Buyers


An Acquisition Spree for Regulated Fossil-Fuel Assets That Are Supported by Guaranteed Payments


As the Swedish electric utility Vattenfall prepares to off-load its German lignite business to Czech investors, its second-quarter results on Thursday showed how the company—and lignite in particular—is suffering from lower Central European power prices. Vattenfall took the unusual step of breaking out separate results for its lignite business, ahead of its transfer of those […]

July 22, 2016 Read More →
IEEFA Kentucky: Owensboro Coal-Fired Power Plant Is No Longer Viable


IEEFA Kentucky: Owensboro Coal-Fired Power Plant Is No Longer Viable


Increasingly Expensive to Operate and a Drain on Ratepayers 


We’ve published a memorandum today explaining why the aging coal-fired Elmer Smith power plant in Owensboro, Ky., must be retired soon and how Owensboro Municipal Utilities would do well to invest in renewable electricity generation instead. Our memorandum describes how the plant—whose two units date from 1964 and 1974—has become increasingly uneconomic to operate and […]

IEEFA Cleveland: The Lights Are on but the Bills Are Too Damn High

With Respect to Utility Companies, a Former Mayor Said It Best: ‘If You Do Not Own Them, They Will in Time Own You.’

It’s been a remarkably eventful summer to be a Clevelander—from the joyous celebration of more than a million people at the Cleveland Cavaliers’ NBA victory parade in June to the who-knows-what-to-expect Republican National Convention events in the city this week. Cleveland did a lot of sprucing up to get ready for the RNC, including renovations […]

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