Archive for October, 2014

More News and Commentary

‘Showdown in Coal Country’; More Trouble at Arch, FirstEnergy and Peabody; Might India Go Solar?




‘Showdown in Coal Country’; More Trouble at Arch, FirstEnergy and Peabody; Might India Go Solar?




VICE NEWS IS OUT THIS WEEK WITH A REVEALING MINI-DOCUMENTARY on West Virginia’s coal industry, framed by the heated race between an incumbent Democratic congressman and his Republican challenger.

The piece —“Showdown in Coal Country” — finds little difference in the candidates, and see both as subservient to the coal industry. Excerpts: “Dark money — contributions […]

October 31, 2014 Read More →
Trans-Canada End Run; Consol Energy; Buffalo News Editorial; Banks Skittish on Galilee Port

Trans-Canada End Run; Consol Energy; Buffalo News Editorial; Banks Skittish on Galilee Port

THE IEEFA-OIL CHANGE INTERNATIONAL REPORT ON THE COSTLY populist hurdles facing tar sands development is picked up widely today via Yahoo News, MorningStar News, and others. 

The report, “Material Risks: How Public Opposition Is Slowing Tar Sands Development,” was published yesterday. It breaks down how tar sands development lost $30.9 billion in revenue from 2010 […]

October 30, 2014 Read More →
Tar Sands Report: $31 Billion Lost Revenue to Date; Expansion Unlikely to Proceed as Protests Mount

Tar Sands Report: $31 Billion Lost Revenue to Date; Expansion Unlikely to Proceed as Protests Mount

IEEFA IS OUT THIS MORNING WITH A REPORT ON THE GROWING “Constellation of Risks” facing the oil-production development of tar sands. The full report is posted just below this item. Here’s the text of the press release: Report: Tar Sands Producers Face a Growing ‘Constellation of Risks’ as Public Opposition Hits Industry’s Bottom Line

$31 Billion […]

October 29, 2014 Read More →
Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Material Risks: How public accountability is slowing tar sands development (pdf) By: Tom Sanzillo (IEEFA), Lorne Stockman (Oil Change International), Deborah Rogers (Energy Policy Forum), Hannah McKinnon (Oil Change International), Elizabeth Bast (Oil Change International), and Steve Kretzmann (Oil Change International)

October 29, 2014 Read More →
‘A Constellation of Risks’ on Tar Sands; Press Notes on IEEFA’s Galilee Coal Report; More on Prairie State-Paducah

‘A Constellation of Risks’ on Tar Sands; Press Notes on IEEFA’s Galilee Coal Report; More on Prairie State-Paducah

IEEFA HOLDS A PRESS CONFERENCE TOMORROW in conjunction with its release of a report describing how Canadian tar sand oil production is threatened by a “growing constellation of risks.” The report, done in partnership with Oil Change International, is titled “Material Risks: How Public Accountability Is Slowing Tar Sands Development,” and comes out at 11 […]

October 28, 2014 Read More →
Memo: Analysis of Paducah Power System’s Recent and Future Cost of Power from the Prairie State Energy Campus

Memo: Analysis of Paducah Power System’s Recent and Future Cost of Power from the Prairie State Energy Campus

Memo: Analysis of Paducah Power System’s Recent and Future Costs of Power from the Prairie State Energy Campus By David Schlissel, IEEFA Director of Resource Planning Analysis

October 28, 2014 Read More →
‘Peabody: A Coal Company on the Ropes’

‘Peabody: A Coal Company on the Ropes’

IEEFA’S TOM SANZILLO HAS A COLUMN JUST OUT ON BUSINESSSPECTATOR.COM under the headline “Rating Peabody: A Coal Company on the Ropes.” The piece follows a poor earnings statement by Peabody Energy Corp., and a research note on Wednesday by Sanzillo, IEEFA’s director of finance, and Tim Buckley, IEEFA’s director of energy finance studies, Australasia, published […]

October 25, 2014 Read More →
Anger in Paducah

Anger in Paducah

THE PADUCAH SUN HAS PUBLISHED AN EDITORIAL CALLING FOR the city’s municipal power agency to consider “debt relief” as a way to manage its expensive ties to Prairie State Energy Campus. Paducah, which is western Kentucky, has a population of only about 25,000 but the Paducah Power System is carrying $600 million in debt, much […]

October 23, 2014 Read More →
Move to Close Loophole on U.S. Coal-Export Royalties; Prairie State Hires a New CEO; Wind-Energy Outlook

Move to Close Loophole on U.S. Coal-Export Royalties; Prairie State Hires a New CEO; Wind-Energy Outlook

REUTERS HAS AN IMPORTANT SCOOP THIS MORNING on U.S. government preparations to close an accounting loophole that helps coal companies make tens of million of dollars in profits off federal coal leases at the expense of taxpayers. The article, by Patrick Rucker, chronicles a Reuters investigation into how coal companies “stood to pocket an additional […]

October 23, 2014 Read More →
Galilee Mines Face Dim Future: IEEFA Analysts Highlight Major Investment Risk

Galilee Mines Face Dim Future: IEEFA Analysts Highlight Major Investment Risk

CLEVELAND —  Proposals for new coal-production facilities in the Galilee Basin are too risky to attract adequate investor support, an industry brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) has found. In light of interest in the Galilee basin as the largest proposed new greenfield coal basin in the world […]

October 22, 2014 Read More →