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IEEFA India: Proposed Khurja coal power plant overpriced, uncompetitive and another threat to Delhi’s air quality

IEEFA India: Proposed Khurja coal power plant overpriced, uncompetitive and another threat to Delhi’s air quality

A high-risk proposition no longer aligned with the Government of India’s electricity sector plan

Oct. 23, 2018, NEW DELHI (IEEFA) –  A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) evaluating Tehri Hydro Development Corporation (THDC)’s proposed Khurja coal power plant in India finds the plant would push up the cost of electricity and increase air pollution at a time when the country’s renewable […]

October 23, 2018 Read More →

IEEFA report: Fund trustees face growing fiduciary pressure to divest from fossil fuels

Oil, gas, and coal industries are seen as ‘increasingly speculative;’ Sector will continue to be weighed down by lackluster rewards and daunting risks; A ‘proper financial response’ is due

July 10, 2018 (IEEFA) — A paper published today by the Institute for Energy Economics and Financial Analysis details the growing rationale for divesting from the fossil fuel industry. The paper—“The Financial Case for Fossil Fuel Divestment”—is aimed primarily at trustees of investment funds that continue to hold stakes in a sector that is freighted […]

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’

IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]

April 19, 2018 Read More →

IEEFA Report: U.K. Pension Funds Can Benefit Now From Renewables Infrastructure Play

Growth and Proven Returns in a Rapidly-Expanding Sector

Nov.15, 2017 — A new report by HSBC Global Asset Management and the Institute for Energy Economics and Financial Analysis (IEEFA) finds that U.K. pension funds can benefit now from investing in domestic and overseas renewable energy infrastructure. Commissioned by the City of London Corporation’s Green Finance Initiative, the report, “The Renewable Energy Infrastructure Investment […]

November 14, 2017 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

October 26, 2017 Read More →

More News and Commentary

IEEFA Australia: Thermal coal export sunset looming closer

Glencore failing investors in its latest forecasts

For more than a decade, the figures looked good. Australia’s thermal coal mining export industry was experiencing an unprecedented rise in the coal seaborne market. Up to 2015 the numbers were singing. Australia was leading the market as the world’s biggest exporter of coal. But then something happened. Australia’s thermal coal exports lost their momentum. […]

November 8, 2018 Read More →

Norway wealth fund develops software program to analyze climate investment risk

Reuters: Norway’s $975 billion wealth fund, the world’s largest, wants to know how much of a company’s carbon dioxide emission costs can be passed on to customers. The fund holds 1.4 percent of all globally listed shares, representing 9,000 companies, so a lot is at stake for the fund as it considers how to allocate […]

October 31, 2018 Read More →
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IEEFA update: How should shareholders react to New York’s ExxonMobil lawsuit?

Time to hold management accountable

Acting New York State Attorney General Barbara Underwood has sued ExxonMobil for fraud, alleging the company misled investors about how its current and future profitability was—and will be—shaped by climate change. The Attorney General’s case tests legal compliance. ExxonMobil shareholders face a different test. The lawsuit charges that ExxonMobil, in effect, kept at least two […]

and October 29, 2018 Read More →

New York attorney general sues ExxonMobil on climate risk reporting

The Washington Post: New York Attorney General Barbara D. Underwood sued ExxonMobil on Wednesday, accusing the oil giant of defrauding investors about the financial risks of climate change and lying about how it was calculating potential carbon costs. The New York lawsuit accuses ExxonMobil of assuring its investors that it was using theoretical prices for […]

October 25, 2018 Read More →
IEEFA India: Proposed Khurja coal power plant overpriced, uncompetitive and another threat to Delhi’s air quality

IEEFA India: Proposed Khurja coal power plant overpriced, uncompetitive and another threat to Delhi’s air quality

A high-risk proposition no longer aligned with the Government of India’s electricity sector plan

Oct. 23, 2018, NEW DELHI (IEEFA) –  A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) evaluating Tehri Hydro Development Corporation (THDC)’s proposed Khurja coal power plant in India finds the plant would push up the cost of electricity and increase air pollution at a time when the country’s renewable […]

October 23, 2018 Read More →

Investors push for consolidation in shale oil and gas sector

Wall Street Journal ($): A private-equity firm is urging oil producer Resolute Energy Corp. to merge with a rival, the latest salvo in a growing campaign by some investors to force shale drillers to consolidate. Kimmeridge Energy Management Co. told Resolute’s board of directors in a letter Friday that it was stepping up call for […]

October 22, 2018 Read More →
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IEEFA U.S.: More red flags on fracking-focused companies

As earnings season begins, a worrisome trend persists

The U.S. fracking sector continued to spill alarming volumes of red ink in the first half of 2018. We detail the trend in a research brief published jointly today by IEEFA and Sightline Institute that describes how fracking companies continue to struggle.  Even after two and a half years of rising oil prices and growing expectations […]

Investors push new CEO of GE to back renewables, storage

Washington Examiner: A group of environmentally focused investors and hedge fund managers is prodding General Electric’s new CEO Lawrence Culp to stave off further losses to the company’s earnings by shifting the manufacturing giant’s focus toward wind and solar energy. “As GE’s new CEO, you must make many difficult decisions,” reads a letter sent Friday […]

October 5, 2018 Read More →

HSBC: Investors see money to be made in green portfolios

Bloomberg: Make money first, save the planet second. Those are the reasons for most investors to get into green finance, according to HSBC Holdings Plc. Financial returns were cited as the biggest reason to have a strategy focused on the environment, social issues and governance, known as ESG, according to a survey of 868 institutional […]

September 13, 2018 Read More →
IEEFA update: Six real-world rebuttals to divestment naysayers
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IEEFA update: Six real-world rebuttals to divestment naysayers

A tendency among academics to overlook the burgeoning risk in fossil fuel holdings

Academic arguments against divesting from the oil and gas sector are just that—academic—and those who make them ignore the underperformance of the sector and the array of mounting risks it faces. The principal objections of divestment detractors—that divestment will either cause institutional investment funds to lose money or undermine their ability to meet their objectives—are […]

and September 12, 2018 Read More →