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IEEFA Research

IEEFA Investor Memo ExxonMobil (XOM): Company Is an ‘Outlier’ in How It Reports Write-offs on Canadian Oil Sands Assets

Loss Accounting ‘Largely Overlooked by Industry Analysts;’ Full Transparency Could Affect Balance Sheet by $22 Billion

April 17, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published an investor memo questioning whether ExxonMobil has appropriately accounted for its recent write-off of billions of barrels of Canadian oil sands assets. In “ExxonMobil Investment Note,” IEEFA outlines how ExxonMobil remains the exception in the oil industry in its […]

April 17, 2017 Read More →
IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →
Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Material Risks: How public accountability is slowing tar sands development (pdf) By: Tom Sanzillo (IEEFA), Lorne Stockman (Oil Change International), Deborah Rogers (Energy Policy Forum), Hannah McKinnon (Oil Change International), Elizabeth Bast (Oil Change International), and Steve Kretzmann (Oil Change International)

October 29, 2014 Read More →

More News and Commentary

IEEFA Investor Memo ExxonMobil (XOM): Company Is an ‘Outlier’ in How It Reports Write-offs on Canadian Oil Sands Assets

Loss Accounting ‘Largely Overlooked by Industry Analysts;’ Full Transparency Could Affect Balance Sheet by $22 Billion

April 17, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published an investor memo questioning whether ExxonMobil has appropriately accounted for its recent write-off of billions of barrels of Canadian oil sands assets. In “ExxonMobil Investment Note,” IEEFA outlines how ExxonMobil remains the exception in the oil industry in its […]

April 17, 2017 Read More →

Market Tide Buries Canadian Oil Sands

SNL: In the last month, Royal Dutch Shell plc and Conoco Inc. shed most of their upstream oil sands operations in the country in a pair of deals that valued their assets at just over C$30 billion. Shell sold its assets to Canadian Natural Resources Ltd. at a steep discount to replacement value, while Conoco […]

April 10, 2017 Read More →

Canada Plans Coal Phase-Out by 2030

Ethan Lou for Reuters: Canada will announce on Monday a plan to virtually eliminate the use of traditional coal-fired electricity by 2030, the Globe and Mail newspaper reported, citing anonymous sources. The measure will offer flexibility to some provinces that have resisted the federal government’s plans to counter climate change, government sources told the Globe. […]

November 21, 2016 Read More →
IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →

Latest Question for Exxon Investors: Are Oil-Sands Valuations Real?

Nicholas Kusntez for InsideClimate News: As oil prices have fallen over the past two years, Exxon has maintained that its tar sands reserves are safe. The position may put the company on shaky ground, said Tom Sanzillo, of the Institute for Energy Economics and Financial Analysis, which favors backing away from fossil fuels. “It is […]

September 30, 2016 Read More →

A Canadian Province Moves Aggressively Toward Development of a New Energy Economy

The Government of Alberta Embraces Renewables, Efficiency, a Carbon Tax, and a Plan to Systematically Close Coal-Fired Power Plants

Jason Chee-Alloy, an energy market analyst with PowerAdvisory LLC in Toronto, is out with a valuable overview of Alberta’s plan to transform its electricity grid to zero coal consumption by 2030. Chee-Alloy, in a presentation to UBS clients, has highlighted the simplicity and cost-effectiveness of the plan, which boils down to four points: Add renewables […]

July 11, 2016 Read More →

Alberta Scraps Fossil-Fuel Agenda

Gene Laverty for SNL: Alberta, Canada’s largest energy-producing province, will phase out within 15 years coal-fired generators that provide the bulk of its power, cap emissions from oil sands plants and introduce a carbon tax under sweeping changes to climate change policies. The provincial government program, announced Nov. 22 by Premier Rachel Notley, comes after […]

November 27, 2015 Read More →

Alberta’s New Government Pushes Energy Execs to Help Diversify Economy

From Reuters: Alberta’s left-leaning New Democratic Party (NDP) government said on Wednesday it was reaching out to prominent energy and other industry executives for advice to revamp the western Canadian province’s struggling economy. Alberta, home to Canada’s oil sands and the largest source of U.S. crude imports, has been hammered by tumbling global oil prices […]

October 15, 2015 Read More →

Poll: Two-Thirds of Alberta’s Residents Want a More Diversified Economy

From CBC News: More than half of Albertans want the province to adopt stronger climate change policies, even if that means oil-sands producers are faced with higher costs, a new poll suggests. Half of Albertans — 50 per cent — said they would support an economy-wide carbon tax, with 38 per cent opposed, according to […]

October 5, 2015 Read More →

Alberta’s Premier: Dim Future for Fossil Fuels

Laura Lorenzetti for Fortune: The leader of Alberta, Canada’s No. 1 oil-producing province, presented an early reveal of her new energy policy, one that aims to wean the region off fossil fuels within a century. Alberta premier Rachel Notley aims to slow climate change by cleaning up the tar sands, closing coal-fired plants and using […]

October 1, 2015 Read More →