Archive for January, 2017

More News and Commentary

IEEFA Op-Ed: Investors Should Steer Clear of the Keystone Pipeline

IEEFA Op-Ed: Investors Should Steer Clear of the Keystone Pipeline

Superfluous, High-Risk Infrastructure the Markets Cannot Support

The oil industry is in trouble, beset by bankruptcies of junior companies, write-downs by major producers, and canceled or drastically delayed projects across the board. The last thing it needs is the proposed Keystone XL pipeline, which President Trump this week moved to resurrect after only five days in office. If the president gets the […]

January 31, 2017 Read More →

IEEFA Update: Exxon Trouble

More Stranded Assets Loom as Market Shift Continues

In writing off a couple of billion dollars of difficult-to-tap Rocky Mountain gas holdings, ExxonMobil this morning is diverting attention from key bigger-picture truths. More write-downs loom, and will probably come sooner than later, including on the company’s 4.6 billion barrels of sand-locked oil in Canada. We expect that particular chunk of the ExxonMobil stranded-asset portfolio […]

January 31, 2017 Read More →

On the Blogs: ‘Bleak Year’ Ahead for Chinese Coal

Feng Hao for China Dialogue: Last year was the “year of cancelling coal” declared some Chinese media outlets, but the latest coal power policies suggest that 2017 is going to be even worse for the sector. The first blow landed less than two weeks into the New Year, when on January 13 a government letter […]

January 31, 2017 Read More →

New Pipeline Standoff Brewing, This Time in Oklahoma

Dale Denwalt for the (Oklahoma City) Oklahoman: Native American and environmental activists have vowed to block a planned crude oil pipeline, hinting at a standoff in Oklahoma reminiscent to the months long Dakota Access Pipeline protest. Once built, the $900 million Diamond Pipeline will carry sweet crude oil from a national transport hub in Cushing […]

January 31, 2017 Read More →

Another Dismal Earnings Report for Exxon

Joe Carroll for Bloomberg News: After resisting the industry trend of discounting the value of oil and natural gas fields that turned into money-losers amid the 2 1/2-year market slump, Exxon capitulated on Tuesday and took a $2 billion hit on the value of some Rocky Mountain gas. For Exxon, it was the ninth straight […]

January 31, 2017 Read More →

Two Ohio Coal Plants Slated for Retirement

Dan Testa for SNL: Dayton Power and Light Co. will retire two coal plants and develop wind and solar projects under a proposal submitted to Ohio regulators Jan. 30. Under the agreement with key intervenors, AES Corp. subsidiary DP&L will retire the coal-fired 2,308-MW J.M. Stuart and the 600-MW Killen Station plants in June 2018, […]

January 31, 2017 Read More →

Kentucky Private-Sector Initiative Aims to Retrain Coal Workers for Tech Industry

Anne Fields for Forbes: Is learning to code the answer to the plight of struggling coal miners? For business partners Rusty Justice and M. Lynn Parrish, it’s at least one solution. Three years ago, Justice and Parrish got tired of watching out-of-work coal miners struggling to survive. So the owners of Jigsaw, a Pikeville, KY, […]

January 31, 2017 Read More →
IEEFA Europe: Can Power Market Reforms Curb U.K. Ratepayer Handouts to Gas, Coal and Nuclear?

IEEFA Europe: Can Power Market Reforms Curb U.K. Ratepayer Handouts to Gas, Coal and Nuclear?

Capacity Subsidies May Be Redundant

The U.K. this week holds its biggest auction ever for electricity generating capacity under a multi-billion-pound scheme whose stated aim is to increase investment in new, flexible generation. The intent is to help balance the growth in variable wind and solar power while ensuring there are enough power plants to cover demand. Under the so-called […]

January 30, 2017 Read More →

The 21st Century Is Conspiring Against Old Energy Companies Like Exxon

Steve LeVine for Quartz: Never mind possible disruptions from a change in social tastes. Exxon is doubling down on tradition, with a zeal that harkens back to a time when oil was the undisputed commodity of the moment and the future. Yet, notwithstanding these blockbuster discoveries, Exxon has been struggling. The strains include the most […]

January 30, 2017 Read More →

A Move in Massachusetts Toward 100% Renewables by 2035

Robert Walton for Utility Dive: Three Democratic lawmakers in Massachusetts have proposed a bill that would require the state use 100% renewable energy by 2035, but then goes further to eliminate fossil fuels from the heating and transport sectors as well. The proposal calls for phasing out the use of fossil fuels in Massachusetts entirely […]

January 30, 2017 Read More →