Commentary

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IEEFA report: Coal Outlook 2019

Utilities transitioning away from coal towards natural gas and renewables

New York, March 26, 2019 (IEEFA) — The long-term structural decline of the U.S. coal industry continued in 2018, with a record total of coal generation capacity retired and a further drop in utility coal consumption to levels not seen since the early 1980s, according to the Coal Outlook 2019 released today by the Institute […]

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Low Carbon Electricity Using Pumped Hydro Storage

Global examples provide roadmap for India’s energy transformation

Five years ago, India committed to an ambitious transformational target of 275 gigawatts (GW) of renewable energy installations by 2027. The target for new installs of 30-40GW annually puts India on track to be one of the largest developers of renewables globally, potentially second only to China. To do this, India must continue to modernise […]

IEEFA report: Argentina’s Vaca Muerta Patagonia fracking plan is financially risky, fiscally perilous

Major investors Chevron, ExxonMobil, Equinor, Total, Shell and Tecpetrol are depending on tenuous subsidies

New York/Buenos Aires (March 21, 2019) — The Vaca Muerta oil and gas project, which promises to double oil and gas production over the next six years in Argentina, is facing such strong headwinds from current fiscal, market, political and environmental forces that “the plan is likely to fail,” according to a report released today […]

March 22, 2019 Read More →

IEEFA update: RWE, Uniper risk prolonging Dutch coal mistakes via compensation strategy

Taxpayers and shareholders need to push back on accumulating costs

LONDON – The owners of three new Dutch coal power plants in the Netherlands are nursing around €4 billion in losses, as a result of market headwinds and a mandated coal phaseout, but only one, Engie, has decided to exit coal power in the country, as the remaining two, RWE and Uniper, hold out for […]

March 22, 2019 Read More →

IEEFA Arizona: Navajo vote blocks tribal acquisition of coal-fired power plant and mine

NTEC drops plan to acquire Kayenta Mine and Navajo Generating Station

March 22, 2019 (IEEFA Arizona) — A vote by the Navajo Tribal Council blocking acquisition of the Navajo Generating Station (NGS) and Kayenta Mine spells closure for both, according to researchers at the Institute for Energy Economics and Financial Analysis (IEEFA). The Navajo Transitional Energy Company (NTEC), a tribally-owned company, had pushed for months to […]

March 22, 2019 Read More →
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IEEFA Australia: NSW’s transition plan for a declining coal market is still missing

State government forecasts show the threat to the Hunter Valley’s coal industry is yet to be taken seriously

SYDNEY –The pipeline of coal-fired power projects in New South Wales’ biggest coal export destination is collapsing. In January 2019, the 2 gigawatt (GW) Chiba coal power project in Japan was cancelled. This follows the cancellation of the 1GW Soga coal-fired power project in December 2018. The 1.3GW Akita project has reportedly been cancelled according […]

IEEFA op ed: New York State pension fund should divest from fossil fuels

Investments need to address poor stock performance of fracking industry

A shock went through energy stock markets recently as Norway moved its $1 trillion sovereign wealth fund to dump oil and gas stocks, seeing the risk increasing. Recall this is a fund built on oil money. Yet state Comptroller Tom DiNapoli, the sole custodian of our $200 billion state pension fund, still can’t find good […]

March 20, 2019 Read More →

Sightline/IEEFA report: U.S. fracking industry posts disappointing Q4 results

More red flags point to industry in decline

March 19, 2019 (Sightline/IEEFA) — Record-setting oil and gas production in Q4 did not lead to corresponding financial success. To the contrary, U.S. fracking-focused companies “spilled alarming volumes of red ink in 2018,” according to a report released today by the Sightline Institute and the Institute for Energy Economics and Financial Analysis (IEEFA). The joint […]

March 20, 2019 Read More →

IEEFA update: First Chinese major joins over 100 global financial institutions restricting coal finance

In the last two weeks four institutions announced coal exits

SYDNEY — In the last two weeks, four globally significant financial institutions – one leading Chinese financier, two European insurers and one French asset manager – brought in new restrictions on thermal coal financing, insurance and/or investments. Additionally, two important Australian regulatory authorities called on governments and financial markets to prepare for an urgent but […]

March 19, 2019 Read More →

IEEFA report: Powder River Basin coal industry is in long-term decline

Fast-changing markets indicate deeper downturns to come in Montana and Wyoming

March 18, 2019 (IEEFA U.S.) — Coal producers in the Powder River Basin continue to lose customers as utilities across the U.S. embrace a shift toward cleaner and cheaper forms of power generation, according to a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — Powder River Basin Coal […]

March 18, 2019 Read More →