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Pushback by Rival on Australian Subsidy to Indian-Owned Coal Conglomerate

Australia Financial Review: New Aurizon boss Andrew Harding gets a chance this week to remind the broader investment community that the debate about how to pay for a big new Queensland coal railway is more complicated that whether or not Commonwealth can see its way to lending $1 billion to an Indian billionaire. Adani has, […]

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Southern Co. Investors Question Executive Bonuses as Flagship Kemper ‘Clean Coal’ Plant Disappoints

Dow Jones: Several public pension funds and a foundation issued an open letter Monday to Southern Co. criticizing executive compensation at the Georgia-based utility and urging shareholders to vote against two board members because of the issue. The investors, including the California State Teachers’ Retirement System and the Nathan Cummings Foundation, argue executives are being […]

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IEEFA Update: An Increasingly Cursed Australian Coal Project
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IEEFA Update: An Increasingly Cursed Australian Coal Project

Bad Financials, Weak Markets, Policy Headwinds, Social-License Issues, Transparency Questions, Climate Risk: The Many Afflictions Hobbling the Proposed Carmichael Mine

update on Adani’s long-festering coal mine project in northern Queensland that plumbs the depths of the Indian conglomerate’s financials and finds them vastly insufficient for the supposed job at hand. Our report— “Adani: Remote Prospect: Carmichael Status Update 2017”—follows on previous work we’ve done around what would be the biggest new coal mine in the […]

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U.S. Rejects Exxon Play for a Waiver to Do a Deal With Russia

Wall Street Journal: The announcement Friday comes as the White House pushes to firm up the president’s foreign-policy and domestic agenda as he nears his 100th day in office next week. Mr. Trump’s decision to block Exxon Mobil, until the end of last year headed by Secretary of State Rex Tillerson, also shows how efforts […]

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A Stranded Coal Asset in Australia

The Guardian: The risk of the controversial Adani Carmichael coalmine becoming a stranded asset has increased in the last 12 months, according to a new report. The Institute for Energy Economics and Financial Analysis (IEEFA), says the Carmichael project is likely to be “cash flow negative” for the majority its operating life, even with concessional […]

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Op-Ed: No to Ratepayer-Finance Bailouts in Ohio

Columbus Dispatch: Using more electricity means your monthly utility bill goes up. And using less means your bill goes down, right? That’s what you’d expect, but that’s not what Ohio households will experience if the state’s Public Utilities Commission goes along with new proposals from the state’s leading utility companies. AEP Ohio, Duke Energy, and […]

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IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

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Industry Intensifies U.S. ‘Clean Coal’ Campaign

SNL: A broad coalition of energy industry leaders are urging President Donald Trump and Congress to include carbon capture and sequestration projects and CO2 pipelines in a national infrastructure initiative. “The expansion of carbon capture from industrial facilities and power plants can enable use of America’s abundant coal, oil and natural gas resources while reducing […]

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IEEFA Update: Exxon Sends Investors Down a Russian Rabbit Hole

Well-Timed Ploy to Divert Attention From Balance-Sheet Rot Eating Away at World’s Biggest Oil Company; Public Relations Plum for Putin; Another Blow to Shareholders

News comes today that ExxonMobil is applying for a U.S. government waiver on sanctions against the Kremlin that are keeping the company from developing new oil reserves in Russia. The sanctions in question, imposed in response to Russia’s annexation of Crimea in 2014, specifically forbid U.S. corporate deals with Rosneft and specifically named the head of the […]

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Xcel Chairman: ‘The Fuel of Tomorrow Is On Sale Today’

SNL: Less than a month after President Donald Trump signed an executive order aimed at rolling back environmental regulations and supporting the coal industry, the country’s top buyer of wind-generated electricity showed no signs of changing its midterm strategy. “We like to say that most of our customers … want a cleaner energy product; all […]

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