Archive for December, 2017

More News and Commentary

Exxon Capitulates to Investors Who Want More Climate-Risk Exposure

Fortune: ExxonMobil said it would publish new details about how climate change could affect its business, in a move aimed at appeasing critics and forestalling another proxy fight next year. Until now, it had opposed such a move, in contrast to other western oil and gas majors such as Royal Dutch Shell, BP and Total. […]

December 12, 2017 Read More →

Momentum in Multi-Billion Dollar European Green Bond Market

PVTech: Nine of Europe’s industrial power giants and most prominent green bond issuers have clubbed together to put green bonds – mechanisms that are beginning to draw huge traction worldwide – at the heart of their financing strategies. Massive brands EDF, Enel, ENGIE, Iberdrola, Icade, Paprec, SNCF Réseau, SSE and TenneT, which span power, transport, […]

December 12, 2017 Read More →

Underperforming U.S. Utility CEO Devoted to Coal and Nuclear Remains Buoyant

Bloomberg News: Tom Fanning is the only energy executive in America willing to bet billions on nuclear power. The chief executive officer of utility giant Southern Co. is renowned for his boundless optimism, which he generously spreads around. He’s chair of the Federal Reserve Bank of Atlanta, co-leader of one industry group and a former […]

December 12, 2017 Read More →

California AG Sides With Oakland in Refusal to Allow Kentucky-Utah Coal-Export Scheme to Proceed

East Bay Times: State Attorney General Xavier Becerra filed a brief in support of the city’s ban on the storage and handling of coal and petroleum coke in Oakland. The city ordinance was passed in July 2016, effectively killing plans to transport the ore through a lpanned terminal near the Port of Oakland, on a […]

December 12, 2017 Read More →

Little-Known Buyer of ‘Crown Jewel’ Powder River Basin Coal Mines Sows Doubt in Wyoming

Casper (Wyo.) Star-Tribune: The coal company that emerged from the ashes of the Alpha Natural Resources bankruptcy is getting out of the Powder River Basin just a little over a year since its formation. Contura Energy announced Monday that it was transferring its Eagle Butte and Belle Ayr mines to Blackjewel L.L.C., a private company […]

December 12, 2017 Read More →
IEEFA Update: New Philippine Coal Tax Will Drive Development of Cleaner, Cheaper Power

IEEFA Update: New Philippine Coal Tax Will Drive Development of Cleaner, Cheaper Power

Good News From Manila: A Policy Shift in Step With Global Trends

A 400 percent coal tax increase agreed to by legislators in the Philippines today stands to catalyze the development of cleaner and cheaper energy. Though it requires presidential approval, the shift is a welcome sign of government openness to weaning the country off its dependence on expensive fossil fuels. It makes economic common sense too. […]

December 11, 2017 Read More →

Exclusive Photos Contradict Murray Energy CEO’s Claim He Had ‘Nothing to Do with’ Rick Perry’s Coal Bailout

In These Times: The rub is that without this guaranteed payment, many of these coal and nuclear plants might soon have been slated for closure, mostly thanks to competition with natural gas. That’s because, in a deregulated market, utilities rely on the most cost-effective option in deciding which power source ratepayers use and pay for. […]

December 11, 2017 Read More →

Countries Are Starting to Move Away From Fossil Fuels

Motherboard/Vice: The world is a long way from making sufficient emission reductions to meet the Paris climate targets to begin with—nevermind cutting out another 15 percent. But there’s some good news, too. Both rich and poor countries have begun to move away from coal and oil, the two biggest CO2 sources, according to many energy […]

December 11, 2017 Read More →

Goliad County Power Plant Merger Could Impact Economy

Crossroads Today (Victoria, Texas): The owners of the Coleto Creek Power Plant is planning to merge which could have an effect on the economy in Goliad County. Coleto Creek Power Plant is owned by Dynegy which is a coal fueled plant. In Spring of 2018, Dynegy will merge with. Vistra has recently decided to close […]

December 11, 2017 Read More →

Groups Provide a Solar Energy Stopgap for Puerto Ricans Living Without Power

EarthJustice.org: You knew you couldn’t wait for anyone,” says Ortiz. “You couldn’t wait on the local government or federal government.” The lanterns, which power up after several hours of charging and offer energy for up to three days, have helped immensely, Ortiz said. The U.S.-based groups collaborating with El Puente include the Institute for Energy […]

December 11, 2017 Read More →