IEEFA In the News

Decline in U.S. demand hitting domestic thermal coal miners hard

S&P Global Market Intelligence ($): Major U.S. coal producers that bit the bullet early and filed for bankruptcy a few years ago are now enjoying the benefits of improved coal markets and clean balance sheets, but the companies that avoided that first wave of reorganizations now find themselves particularly stressed by declining domestic demand. Two […]

March 21, 2019 Read More →

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 →

Report: Powder River Basin faces increasing risk from coal decline

Casper Star Tribune: A new study from the Institute of Energy Economics and Financial Analysis, a think tank advocating a transition away from fossil fuels, charts the decline of the Powder River Basin coal industry and warns of more difficulties to come. The basin’s mines are the most vulnerable parties in the rapid transition to greener energy, […]

March 20, 2019 Read More →

Divest state pension fund to ease climate change

Times Union: 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 […]

March 20, 2019 Read More →

IEEFA report: Indonesia continues to institute barriers for scaling up solar energy

Rambu Energy: Indonesia’s policies are getting in the way of wider introduction of solar energy, according to a recent report issued by the Institute for Energy Economics and Financial Analysis (IEEFA). The country has lagged behind others in the region and IEEFA analysts urge introducing new regulations that encourage investment. “In spite of abundant solar […]

March 20, 2019 Read More →

Japanese investors moving away from coal in ‘monumental’ shift

The Guardian: Major Japanese investors, including those most indebted to coal, are seeking to back large-scale renewables projects across Asia, marking a “monumental” shift that energy market analysts say is “the start of the end for thermal coal”. At the same time, Japanese banks and trading houses are walking away from coal investments, selling out […]

March 18, 2019 Read More →

Experts say state tax cut plan won’t help West Virginia steam coal producers

Public News Service: The West Virginia Legislature has passed a 40 percent cut in thermal coal severance taxes, despite Revenue Department predictions that it would do little to change steam coal’s steady decline. The long-term outlook is no better, said Carey King, a research scientist and assistant director of the University of Texas’ Energy Institute. […]

March 15, 2019 Read More →

Technology transition undercutting all fossil fuels

The New York Review of Books: “Kingsmill Bond” certainly sounds like a proper name for a City of London financial analyst. He looks the part, too: gray hair expertly trimmed, well-cut suit. He’s lived in Moscow and Hong Kong and worked for Deutsche Bank, the Russian financial firm Troika Dialog, and Citibank. He’s currently “new […]

March 15, 2019 Read More →

Experts say Norwegian pension investment decision could affect India’s oil and gas sector

Livemint: The decision of the world’s largest sovereign wealth fund to stop investing in oil and gas explorers globally may affect Indian companies, such as Reliance Industries Ltd, Oil and Natural Gas Corp. Ltd, Indian Oil Corp. Ltd (IOC) and Oil India Ltd, where the $1 trillion fund has made investments. The decision of Norway’s […]

March 13, 2019 Read More →

Norway’s $1tn wealth fund to divest from oil and gas exploration

The Guardian: The world’s largest sovereign wealth fund, which manages $1tn (£770bn) of Norway’s assets, is to dump investments in firms that explore for oil and gas but will still hold stakes in firms such as BP and Shell that have renewable energy divisions. The Government Pension Fund Global (GPFG), whose assets exceed those of […]

March 8, 2019 Read More →