IEEFA In the News

Coal-Miner Peabody’s Secondary Offering Costs the Company $40 Million

August 18th, 2017

24/7 Wall Street: Peabody Energy Corp. (NYSE: BTU) priced an underwritten secondary stock offering of 12.8 million shares after markets closed Thursday without specifying the per-share price. The shares on offer are being sold by subsidiaries of Discovery Capital Management, and none of the proceeds will go to the company. Peabody intends to repurchase from […]

August 18, 2017 Read More →

Norway, Seat of World’s Biggest Sovereign Wealth Fund, Urged to Modernize Its Investment Strategy, Including on Renewables

August 18th, 2017

Reuters: Jobs, taxes and schools will be top of Norwegian voters’ minds when they go to the polls on Sept. 11, but it’s what to do about the nearly $1-trillion sovereign wealth fund that may be the next parliament’s biggest challenge. The world’s largest sovereign wealth fund, pooling Norway’s revenues from oil and gas production, […]

August 18, 2017 Read More →

Canary in the Coalmine

August 16th, 2017

New York Times: To the Editor: Re “Trump Unravels Coal Mine Limits on Federal Land” (“Trump Rules” series, front page, Aug. 7): Our country’s coal-mining industry is in trouble because it has a market problem, not a regulatory problem. The Trump administration’s plan to expand federal leases on American coal reserves will not help coal […]

August 16, 2017 Read More →

Coal-Fired Plants Place Financial Burden on PLN

August 16th, 2017

Jakarta Post: State-owned electricity company PLN and consumers will be exposed to significant risk of paying for power that is not needed, wasting billions of dollars, if PLN insists on pushing ahead with its plans to expand coal-fired power plants in the Java-Bali system. A recent report published by US-based Institute for Energy Economics and […]

August 16, 2017 Read More →

Gas Giant’s Curtis Island Venture Takes $1Billion Hit

August 16th, 2017

Gladstone Observer: GAS giant Santos has slashed $1.1 billion from the value of its Gladstone Liquefied Natural Gas project on Curtis Island as it continues to deal with low oil prices. The write-down of GLNG was announced yesterday and will be reflected in Santos’s half-yearly results this month. It follows Origin Energy’s decision last week […]

August 16, 2017 Read More →

Australia Natural Gas Export Overbuild Is Collapsing

August 15th, 2017

The Guardian: Australia’s natural gas export boom, which is causing soaring gas prices and pushing up carbon emissions, appears to be rapidly shedding value. Santos wiped more than $1bn off the value of its liquefied natural gas plant in Queensland on Tuesday, just a week after Origin announced a similar devaluation. The devaluations were predicted […]

August 15, 2017 Read More →

Competitors Don’t Like West Virginia Governor’s Proposal for Federal Subsidy to Coal Producers in His State

August 14th, 2017

Bloomberg BNA: Coal companies from outside Appalachia, and the Republicans in Congress representing them, are taking a dim view of West Virginia Gov. Jim Justice’s efforts to win a $4.5 billion subsidy for eastern coal. To those non-Appalachian coal companies, Justice’s request for a $15 per ton subsidy to power plants that burn regional coal […]

August 14, 2017 Read More →

Legal Challenge to Spain’s Capacity Market Payments Well-Founded

August 14th, 2017

Energy Collective: Two Spanish NGO’s have started a court case against Spain’s capacity market scheme, which they say unnecessarily subsidizes operators of large power plants for billions of euros. Gerard Wynn, independent energy consultant, explains why their arguments are well-founded. According to Wynn, Spain’s capacity mechanism violates EU rules and should be scrapped as soon […]

August 14, 2017 Read More →

Op-ed: West Virginia Governor Lobbies for Coal Subsidies

August 14th, 2017

Corporate Knights: Just how big a giveaway to the Appalachian coal industry is West Virginia Gov. Jim Justice talking about as he lobbies the White House for a $15-per-ton subsidy for coal producers in the region? Central and Northern Appalachia coal fields produced 167 million tons in 2016, which not incidentally was its lowest year […]

August 14, 2017 Read More →

South Australia’s Energy Policy: Five Steps Forward, Two Steps Back

August 14th, 2017

RenewEconomy: When it comes to energy it feels like things are moving at lightning speed, and nowhere more so than in South Australia. This state is fast becoming a global leader in the race to renewables. However, when it comes to State Government energy policy it’s a case of five steps forward, two steps back. […]

August 14, 2017 Read More →