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Red Flags on ExxonMobil: Core Financials Show Oil Giant in Decline; Institutional Investors Owe Their Shareholders a Fiduciary Review

Potentially Irreversible Slide; Falling Revenues, Rising Debt, Shrinking Capex, Weak Cash Balances Add to Growing Reputational Risk Tied to Climate-Change Controversy

CLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 […]

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IEEFA Asia: Telltale Shift in Numbers at Adani Signals Shift Toward Solar

As Energy Markets Continue to Evolve, Less Likelihood of the Carmichael Mega-Coal Project Development in Australia

Adani Enterprises Ltd—the 100 percent owner of Adani Mining Australia Pty Ltd, the entity that owns the massive Carmichael open-cut coal proposal—is reporting a net loss of US$11 million for the three months to September 2016. This come on the back of a 33 percent year-on-year decline in operating profits and an 18 percent rise […]

October 25, 2016 Read More →
IEEFA Op-Ed: Coal Will Not Recover

IEEFA Op-Ed: Coal Will Not Recover

Falling Prices for Other Fuels, Not Regulation, Is the Problem

From the Pittsburgh Post-Gazette: Coal production in the United States has declined enormously in recent years due to the simple reason that the coal-fired power industry is producing less of the country’s electricity than ever. As recently as 10 years ago, coal-fired power plants provided half of America’s power needs. Today that number is closer […]

October 24, 2016 Read More →

IEEFA Asia: India’s High-Risk Rampal Coal-Plant Investment Puts Global Household-Name Asset-Management Companies at Risk

BlackRock, JPMorgan Chase, Reliance Group, Sun Life Financial, Franklin Resources, Royal Bank of Canada, AIG, Prudential, Axis Bank, Crédit Agricole, HSBC, Bank of New York Mellon, UBS, Credit Suisse …

In a continuation of our pictures-worth-a-thousand-words motif we started earlier this week, with the first one on the vast opportunity in BRICS renewables-investment markets, here’s one that offers a revealing look at which institutions exactly are at risk in the exceptionally high-risk Rampal coal-fired project in India. First, the EXIM Bank of India has a […]

October 21, 2016 Read More →
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