Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals
Briefing note: The outlook for financing for Australia’s Galilee Basin coal proposals By: Tom Sanzillo, IEEFA Director of Finance
Briefing note: Thermal coal outlook (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Briefing note: India power prices (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Briefing note: WICET (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Briefing note: Fossil fuels, energy transition, and risk (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Stranded: Alpha Coal Project in Australia’s Galilee Basin – pdf
Reuters is out overnight with a story picked up globally on how elections in Queensland, Australia, last week repudiated a plan to turn the state’s Galilee Basin into a coal-mine complex. The article, by Sonali Paul, names the proposed Adani Carmichael mine and the GVK Alpha mine as the projects affected by the election. It […]
SNOWMOBILE SALES AND HOUSE PRICES ARE DOWN IN FORT MCMURRAY, ALBERTA, Reuters reports, as residents of the heart of Canada’s tar-sands region grow uneasy about whether the industry can deliver as promised. Nia Williams reports a “sense of unease” across the economy as lower global oil prices cast the future of tar-sands development in doubt. […]
Hats off today to Societe Generale for doing its investors a favor and distancing the bank from the costly and misguided development of coal in the Galilee Basin of northern Australia. The bank is the latest in a line of nine global investment houses to distance themselves from Galilee projects (the others are Deutsche Bank, […]
“ENERGY FIRMS IN SECRETIVE ALLIANCE WITH ATTORNEYS GENERAL” IS THE WEEKEND BLOCKBUSTER in the New York Times documenting how AGs in “at least a dozen states” have received $16 million in donations this year from the oil, gas, and coal industry and have been working closely with those donors to advance their business interests. A […]
CONFLICT OF INTEREST APPEARS TO BE AT THE HEART OF A DECISION BY PADUCAH POWER SYSTEM not to declare bankruptcy, the Paducah Sun says in a searing editorial published this morning. The editorial voices deep skepticism that the no-bankruptcy decision was reached in unbiased fashion because PPS got its recent “expert” advice on it from […]
IEEFA HOLDS A PRESS CONFERENCE TOMORROW in conjunction with its release of a report describing how Canadian tar sand oil production is threatened by a “growing constellation of risks.” The report, done in partnership with Oil Change International, is titled “Material Risks: How Public Accountability Is Slowing Tar Sands Development,” and comes out at 11 […]
GVK, Indian Player in Proposed Alpha Coal Mine, Makes No Mention of Project in Latest Filings
Financial Close Remains as Elusive and Distant as Ever for Development Plans in Northern Australia
India’s GVK Power & Infrastructure Limited this weekend reported its year-to-March 2016 results, detailing its fourth consecutive annual loss. Net debt increased US$435 million to a record high of US$3.5 billion. In contrast, shareholders equity shrank 30 percent year on year to US$202 million. Earnings Before Interest and Tax (EBIT) covered just 36 percent of […]