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IEFFA Update: Looking for innovation in the wrong place, ExxonMobil opens an energy-trading desk
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IEFFA Update: Looking for innovation in the wrong place, ExxonMobil opens an energy-trading desk

As its core business falters, an oil major seeks speculation-driven profits

ExxonMobil is said to be seeking a much-needed lift through an initiative on which the company has issued no official detail but that will vastly expand its trading capabilities. Hopes are, evidently, that by opening a bigger energy-trading desk Exxon—through speculation—can reverse its trend over the past decade toward shrinking profits, a trend driven by […]

IEEFA op-ed: Why the SEC should conduct the investigation of Puerto Rico’s debt obligations

One agency is well-positioned to do a thorough and fair review

Puerto Rico’s non-bondholding creditors — companies that have supplied the commonwealth with goods and services such as oil deliveries — have asked the court overseeing the commonwealth’s bankruptcy proceedings to let them conduct an investigation into the territory’s debt history. Clearly, a thorough and objective inquiry is necessary, but the organization most likely and best […]

June 22, 2018 Read More →

India’s NTPC cancels plans for massive coal plant

The Hindu: In a big blow to the development of North Andhra, four mega projects sanctioned for Visakhapatnam including the 4×1000 MW ultra-modern power project by the NTPC at Pudimadaka have been shelved due to various reasons. Touted as the largest single investment after formation of Sunrise Andhra Pradesh, the NTPC project was dropped on […]

June 22, 2018 Read More →

Column: Coal optimism in Australia hides unease about long-term problems

Reuters: BRISBANE—Coal miners supplying Asia’s rapidly growing economies have plenty to be optimistic about as prices and demand appear robust, but they should be wary of getting caught up in the positive feedback loop that nearly destroyed them before. This week’s inaugural Energy Mines and Money conference in Brisbane, the heartland of the industry in […]

June 22, 2018 Read More →

Puerto Rico moves forward with utility privatization

NBC News: Puerto Rico is officially moving to privatize and upgrade its outdated power grid exactly 9 months after it was flattened by Hurricane Maria. At a press conference on Wednesday, Governor Ricardo Rosselló signed into law the approved legislation that allows parts of the Puerto Rico Electric Power Authority—known as PREPA in English and […]

June 21, 2018 Read More →

Industry data show widespread contamination from coal ash

West Virginia Public Radio: For generations, coal power has fueled American prosperity. But for each shovelful thrown into the furnaces, a pile of ash was left in its place. Today, as coal’s dominance in the power sector wanes, those piles of ash have grown into mountains as coal ash became one of the largest waste […]

June 20, 2018 Read More →
IEEFA op-ed: Latest Puerto Rico utility privatization plan is as flawed as the original
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IEEFA op-ed: Latest Puerto Rico utility privatization plan is as flawed as the original

In its version of a bill to privatize the Puerto Rico Electric Power Authority, the Puerto Rico legislature has improved some on Governor Ricardo Rosselló’s original proposal, but lawmakers are ultimately failing the Puerto Rican people every bit as badly as Rosselló has. We’ve criticized the governor’s original privatization proposal for essentially aiming to set […]

NextEra quietly builds world’s largest renewable energy company

The Wall Street Journal ($): Who is the world’s largest operator of wind and solar farms? It’s also America’s most valuable power company. Still stumped? It’s by design. “That is a marketing problem…that we foster intentionally,” Michael O’Sullivan, NextEra Energy Inc.’s head of renewable development, told University of Notre Dame students in 2015. NextEra has […]

June 19, 2018 Read More →

Court rulings require EPA action on upwind air pollution

The Hill: Two separate courts ruled this week that the Environmental Protection Agency (EPA) must enforce regulations that restrict states from emitting pollution that could cross borders into neighboring states. U.S. district courts in Maryland and New York both ruled separately that EPA was derelict in its duty by not enforcing states to comply with […]

June 15, 2018 Read More →

FERC’s commissioners in bipartisan agreement: Trump’s grid emergency is false

Associated Press: Federal regulators on Tuesday disputed the Trump administration’s claim that struggles facing the coal and nuclear industries threaten the reliability of the nation’s power grid. “There is no immediate calamity or threat,” the Republican chairman of the Federal Energy Regulatory Commission told Congress. Existing power sources are sufficient to satisfy the nation’s energy […]

June 13, 2018 Read More →