Financial Times: The cost of new wind and solar power generation has fallen below the cost of running existing coal- fired plants in many parts of the US, threatening to wreck President Donald Trump’s hopes of reviving the mining industry. New estimates published on Thursday by Lazard, the investment bank, show that it can often […]
heavyliftpfi.com: According to IEEFA, investors who once considered the energy sector a source of stable returns, best look elsewhere. The lawsuit suggests that ExxonMobil’s reserve calculations, properly accounted for, would show a much smaller company with a significantly diminished long-term outlook. For decades, fossil-fuel rewards were excellent, and the risks minimal. The oil and gas […]
2GM 873 AM: Federal Treasurer Josh Frydenberg is stepping in to stop a Chinese company from buying Australia’s biggest gas pipeline provider. CK Infrastructure has been told its $13-billion bid for APA Group isn’t in the national interest. Energy Economics analyst Bruce Robertson tells Ross Greenwood there’s a clear reason to block the deal. “APA […]
Charlotte Business Journal: A new report by the Institute for Energy Economics and Financial Analysis argues that cost considerations are likely to push Duke Energy Corp. to close its remaining Carolinas’ coal plants earlier than its currently published timetable. Duke (NYSE: DUK) projected 2038 as a likely date for closing the last of its Carolinas […]
InsideClimate News: As Puerto Rico rebuilds from last year’s hurricanes, lawmakers on the island territory have introduced an ambitious clean energy bill that would commit Puerto Rico to getting 100 percent of its electricity from renewable energy by 2050. Environmental advocates praised the proposed legislation’s long-term target, but they are raising concerns about its emphasis […]
Renewable Energy World: Momentum is growing around modernizing tribal renewable-energy policies on the Navajo Nation of Arizona, Colorado, New Mexico and Utah, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Growing Interest in Developing Navajo Utility-Scale Solar Industry: Policy Momentum and Grassroots Support; Vast Tribal Natural […]
Gallup Independent: Navajo Tribal Utility Authority, under the direction of General Manger Walter Haase, is making hay while the sun shines when it comes to solar energy. “Few locales in the U.S. are richer in solar potential than the Navajo Nation,” Karl Cates, research editor for the Institute for Energy Economics and Financial Analysis, noted […]
S&P Global Platts: Australia’s New South Wales thermal coal exports face permanent decline: IEEFA Australia’s thermal coal exports from New South Wales have peaked and are “now facing a terminal long-term decline” as several big Asian consumers mull switching to cleaner renewable energy, the Institute for Energy Economics and Financial Analysis said in a report […]
GreenTech Media: The U.S. is on track this year to “easily exceed” a previous annual record of 14.7 gigawatts in coal retirements, dropping 15.4 gigawatts of capacity, according to a recent report from the Institute for Energy Economics and Financial Analysis. The research organization expects this retirement trend to continue in coming years, according to […]
The Guardian: The Australian coal export industry has peaked and entered a “terminal long-term decline”, says a new report that argues high prices have pushed global energy markets more quickly towards cheaper and cleaner alternatives. The Institute for Energy Economics and Financial Analysis report, which focuses on the outlook for the New South Wales coal […]