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IEEFA Australia: Adani Can’t Seem to Get the Public Subsidies It Requires for Its Carmichael Coal Project

Further Evidence That a Mine Proposal Is Unbankable

In saying that it has deferred its investment decision on its Australian Carmichael coal proposal because the Queensland Government hasn’t granted it yet another subsidy, Adani Enterprises is demonstrating once more that the project is unbankable. We’re not aware of a single private financial institution that has endorsed the proposal, which suggests to us that […]

May 23, 2017 Read More →

A Growing Consensus That Peak Oil Demand Is in Sight

Wall Street Journal: The world’s largest oil companies are girding for the biggest shift in energy consumption since the Industrial Revolution: After decades of growth, global demand for oil is poised to peak and fall in the coming years. New technologies that improve fuel efficiency are starting to push down the amount of gasoline and […]

May 22, 2017 Read More →

Warning on Shareholder Blowback Around BP’s and Glencore’s Bullish Assertions

Financial Times: BP and Glencore are exposed to investor lawsuits by making “bullish” forecasts about the world’s future hunger for fossil fuels, a prominent environmental law firm has warned. In a sign of the rising financial pressure environmental campaigners are applying to big energy companies, ClientEarth, a London legal firm, has written to BP claiming […]

May 22, 2017 Read More →

Adani Tries ‘Blackmail’ as It Seeks Public Subsidies for Project in Australia

Financial Times: A company controlled by Indian billionaire Gautam Adani has deferred a decision to build one of the world’s biggest coal mines in Australia following political wrangling over whether it should be granted financial concessions in the form of a “royalty holiday”. The A$16.5bn ($12.3bn) project has divided the state government over the merits […]

May 22, 2017 Read More →

Editorial: $200 Million Georgia Wind Farm a ‘Win-Win’

The Telegraph (Macon): The encroachment issue is a thing of the past now. Property owners have been compensated and last week it was announced that Georgia Power is planning to build a 139-megawatt solar generating facility in the encroachment area, an allowable use of the land. The Georgia Public Service Commission approved the project Tuesday. […]

May 19, 2017 Read More →

Skepticism Over FirstEnergy’s West Virginia Machinations

Exponent-Telegram (Clarksburg, W.V): Back in 2013, when FirstEnergy wanted to have subsidiary Allegheny Energy sell the Harrison Power Station to another subsidiary, Mon Power, we questioned the effect it would have on consumers. That thought is once again on our minds as the Federal Energy Regulatory Commission (FERC) and the state Public Service Commission (PSC) […]

May 18, 2017 Read More →

IEEFA Asia: India’s Electricity-Sector Transformation Is Happening Now

Utility-Scale Solar Projects Continue to Attract Record Low Bids

The Indian energy market transformation is accelerating under Energy Minister Piyush Goyal’s leadership. The most recent and most persuasive evidence is the collapsing cost of solar electricity—a collapse that has gone beyond anyone’s expectations, and the results are in: solar has won. The global energy market implications are profound. Recent events have given manifest life […]

May 17, 2017 Read More →

IEEFA Europe: In Announcing Coal Plant Closures, Enel, Biggest Utility in the EU, Signals Industry Compliance With New Emission Rules

Key Reaction to More Stringent Regulation Suggests a Trend in the Making

Enel, Europe’s biggest utility by market value, has given the first hint of the impact of new EU pollution limits in announcing the closure of two large coal power plants by 2018 and a plan to close all of its coal and lignite generation by around 2030. Enel’s move gives the first glimmers of the […]

May 17, 2017 Read More →
IEEFA Update: Don Blankenship Is Loving Las Vegas

IEEFA Update: Don Blankenship Is Loving Las Vegas

The $120 Million Coal Executive Who Got 1 Year for His Part in the Deaths of 29 West Virginia Coal Miners Is as Unrepentant as Ever

After being released last week after doing a year of minimum-security time in sunny Southern Arizona and California, Don Blankenship has been agitating nonstop for sympathy. He wants the Supreme Court to overturn his conviction, he wants Donald Trump to do him a solid, he wants everybody to believe that he had nothing to do […]

May 17, 2017 Read More →

Rising Opposition in West Virginia to FirstEnergy’s Scheme to Shift Risk to Ratepayers

Charleston Gazette: Groups opposing the purchase of the FirstEnergy-owned Pleasants Power Station by subsidiaries Mon Power and Potomac Edison have made their case known to the Federal Energy Regulatory Commission, arguing the transfer would stifle competition and put customers at risk of higher utility bills. Merchant generators and advocacy groups have said the purchase would […]

May 17, 2017 Read More →