Archive for May, 2016

More News and Commentary

Usinas a Carvão Podem Perder US$ 76 Bilhões em Valor de Mercado

From PortalPCH.com (Brazil): As mudanças esperadas no setor elétrico em países como Japão e China e no mundo, em geral, sugerem uma grande incerteza sobre o futuro para térmicas a carvão e um risco cada vez mais elevado de que esses ativos sejam abandonados ou se tornem irrecuperáveis. A avaliação é do consultor de finanças […]

May 31, 2016 Read More →

Big Oil Could Have Put a Dent in CO2 Emissions in the 1970s—but Did Nothing

From Truth-Out.org: Big Oil could have put a dent in CO2 emissions in the 1970s — but did nothing. According to new documents from the Center for International Environmental Law, the industry chose to prioritize costs over the planet. The new documents show oil companies chose to invest in climate denying instead of on technologies […]

May 31, 2016 Read More →

Gas Pipeline a ‘White Elephant’

From GreenLeft.org.au: A report released by the Institute for Energy Economics and Financial Analysis on May 19 has said that the $800 million gas pipeline planned for the Northern Territory is economically unviable, to the extent that it is described as the “whitest of white elephants”. The pipeline, known as the North East Gas Interconnector […]

May 31, 2016 Read More →

The Prospects for Coal Exports Are Dimming, but Politics Have Little to Do With It

Benjamin Storrow for the Casper (Wyo.) Star-Tribune: Political flaps over coal exports get the headlines. But a deteriorating market poses a greater threat to American mining firms’ dreams of establishing a beachhead in Asia. Exports were widely viewed as a lifeline for the United States’ contracting coal industry as recently as 2014. Some analysts predicted […]

May 31, 2016 Read More →

EIA: Coal-Fired Electricity Generation in the U.S. Off by 24.2% in First Three Months of This Year

Everett Wheeler for SNL: The latest government figures have coal’s share of U.S. power generation at a significant deficit to that of natural gas through the end of the first quarter as coal-fired generation fell by nearly one-fourth year over year. According to the U.S. Energy Information Administration, coal provided 279 million MWh, or 28.7% […]

May 31, 2016 Read More →

On the Blogs: Trump’s Simplistic Portrayal of the Coal Industry

Liam Denning for Bloomberg Gadfly: In Trump’s telling, the coal industry has been crushed by regulations aimed at curtailing mining and cutting emissions from burning it. And it’s true that, for example, investing in the equipment needed to satisfy tighter guidelines such as the Mercury and Air Toxics Standards does make coal less economical to […]

May 31, 2016 Read More →

On the Blogs: The Economy of the ‘Lucky Country’ Is at Risk From Its Lack of Diversification

Satyajit Das for Bloomberg View: If Australia is an economic miracle—the so-called Lucky Country, beneficiary of more than a quarter century of uninterrupted growth—then its banks are its most visible sign of strength. In fact, though, this ruddy good health masks some deeply worrying trends. The balance sheets of Australia’s biggest banks are far more […]

May 31, 2016 Read More →

Dubai Solar-Project Bid Comes in Cheaper Than Coal

From Lanka Business Online (Sri Lanka): Dubai, in the United Arab Emirates, received a bid for an 800-megawatt plant at a power price of 2.99 cents per kilowatt-hour last month, cheaper than a coal-fired power plant commissioned in October, reports said. This is down from a record-low price of 5.85 cents per kilowatt-hour Dubai contracted […]

May 31, 2016 Read More →

On the Blogs: Why Utilities Want to Kill Rooftop Solar

Jim Dulzo for Crain’s Detroit Business: These bills—essentially utility wish-lists—attack the little guys: the hundreds of Michigan workers who, using the state’s current net metering law, wire up homes and businesses with solar panels. SB 438 will put many of them out of business and nip Michigan’s nascent rooftop solar boom by slashing what a […]

May 31, 2016 Read More →
Mounting Risks of Impairments Globally in Coal Investments

Mounting Risks of Impairments Globally in Coal Investments

A Rising Likelihood of Stranded Assets in Japan, China, and Around the World

Changes sweeping the electricity sectors in Japan and China suggest a hugely uncertain future for coal-fired power and a rapidly increasing risk of stranded assets. New research shows growing over-capacity in these markets, likely complications from regulation and rising competition from lower-cost renewable power. Coupled with massive recent write-downs in coal-generation assets in Europe and […]

May 27, 2016 Read More →