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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 →

Australian Election Bodes Ill for Adani

The Wire: The Adani group’s chances of getting a $900 million (AUD) concessional government loan — crucial to its Carmichael coal mine project — are approximating close to zero as the Australian Labour Party (ALP) is set to form the government in Queensland — the north-eastern Australian state home to the proposed Adani coal mine. […]

December 11, 2017 Read More →

IEEFA Australia: Adani’s Bad Month

Few Financiers for a Project on the Ropes

The potential for Adani’s Carmichael coal mine proposal in northern Australia took a dramatic turn this week as one major Chinese bank after another ruled out financing the project. The news comes shortly after Queensland state’s Labor Party government promised to block a federal taxpayer-funded loan to Adani if re-elected—and odds are the party has […]

December 8, 2017 Read More →

Study: European Coal-Fired Closures Would Save Billions

WFPL: European power companies could save billions of dollars by stepping up closure of coal-fired power plants as nearly all of them will be loss-making in Europe by 2030, think-tank Carbon Tracker Initiative says. Coal power should be phased out in the European Union by 2030 to meet the Paris Agreement’s target to limit the […]

December 8, 2017 Read More →

Odds Are Against Completion of Australia Mega-Mine Project

The Guardian: Adani’s operations in Australia appear to be hanging on by a thread, as activists prove effective at undermining the company’s chances of getting the finance it needs. China seems to have ruled out funding for the mine, which means it’s not just Adani’s proposed Carmichael coalmine that is under threat, but also its […]

December 7, 2017 Read More →
IEEFA Op-Ed: Wall Street’s War on Puerto Rico

IEEFA Op-Ed: Wall Street’s War on Puerto Rico

Bondholders Who Insist on Their Pound of Flesh Only Risk Further Losses

A commentary that appeared the other day in the Bond Buyer, the debt industry’s newspaper of record, is but the latest salvo in Wall Street’s misguided war on Puerto Rico. The column, by a representative of Spire Wealth Management, complained strenuously that Puerto Rico was only hurting itself by pressing for much-needed debt relief. Such […]

December 7, 2017 Read More →

U.S. Senate Bill Aims to Loosen Investment Restrictions for Florida Solar Industry

WTLV (Jacksonville): U.S. Senator Bill Nelson introduced legislation this week that could further expand the solar industry in Florida by allowing banks to invest heavily in the renewable energy sector, a financial move which is currently banned under Federal Deposit Insurance Corporation regulation. Under the Bank Holding Company Act of 1956, bank holding companies (BHCs) […]

December 7, 2017 Read More →

Another Coal Plant Closes in Upper Midwest

Wisconsin Public Radio: An energy company is shuttering another coal-fired power plant in Wisconsin. WEC Energy is closing its plant in Green Bay, and it comes on the heels of the company closing another facility in Pleasant Prairie. The Green Bay closure isn’t a surprise, the company announced its plans to shutter the plant last […]

December 7, 2017 Read More →