News

Exxon Capitulates to Investors Who Want More Climate-Risk Exposure

Fortune: ExxonMobil said it would publish new details about how climate change could affect its business, in a move aimed at appeasing critics and forestalling another proxy fight next year. Until now, it had opposed such a move, in contrast to other western oil and gas majors such as Royal Dutch Shell, BP and Total. […]

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Momentum in Multi-Billion Dollar European Green Bond Market

PVTech: Nine of Europe’s industrial power giants and most prominent green bond issuers have clubbed together to put green bonds – mechanisms that are beginning to draw huge traction worldwide – at the heart of their financing strategies. Massive brands EDF, Enel, ENGIE, Iberdrola, Icade, Paprec, SNCF Réseau, SSE and TenneT, which span power, transport, […]

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Underperforming U.S. Utility CEO Devoted to Coal and Nuclear Remains Buoyant

Bloomberg News: Tom Fanning is the only energy executive in America willing to bet billions on nuclear power. The chief executive officer of utility giant Southern Co. is renowned for his boundless optimism, which he generously spreads around. He’s chair of the Federal Reserve Bank of Atlanta, co-leader of one industry group and a former […]

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California AG Sides With Oakland in Refusal to Allow Kentucky-Utah Coal-Export Scheme to Proceed

East Bay Times: State Attorney General Xavier Becerra filed a brief in support of the city’s ban on the storage and handling of coal and petroleum coke in Oakland. The city ordinance was passed in July 2016, effectively killing plans to transport the ore through a lpanned terminal near the Port of Oakland, on a […]

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Little-Known Buyer of ‘Crown Jewel’ Powder River Basin Coal Mines Sows Doubt in Wyoming

Casper (Wyo.) Star-Tribune: The coal company that emerged from the ashes of the Alpha Natural Resources bankruptcy is getting out of the Powder River Basin just a little over a year since its formation. Contura Energy announced Monday that it was transferring its Eagle Butte and Belle Ayr mines to Blackjewel L.L.C., a private company […]

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A Federal ‘Cash for Cronies’ Plan Crafted by Coal Companies

Washington Post: Energy Secretary Rick Perry had been in office less than four weeks when he took a meeting from a coal magnate who had an urgent request. Robert E. Murray, founder of Murray Energy and a major Trump supporter, presented a four-page “action plan” to rescue the coal industry. The plan said that commissioners […]

December 11, 2017 Read More →

Midwestern Company Plans Underground Wind-Power Transmission Corridor to Eastern U.S.

Energy Mix: A company in the Midwestern United States is planning a new underground transmission line along existing railroad tracks to carry wind-generated electricity from Iowa, the Dakotas, and Minnesota to a transfer point to Chicago, then eastward to regions with high electricity demand. “We will pull some of the cheapest, most robust wind from […]

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Australian Election Bodes Ill for Adani

The Wire: The Adani group’s chances of getting a $900 million (AUD) concessional government loan — crucial to its Carmichael coal mine project — are approximating close to zero as the Australian Labour Party (ALP) is set to form the government in Queensland — the north-eastern Australian state home to the proposed Adani coal mine. […]

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U.S. Utilities, in Old-School Expansion Spree, Put Customers on the Hook for $40 Billion

Charleston Post and Courier: Over the past decade, state legislatures across the country rewrote rule books for how power companies pay for new power plants, shifting financial risks away from electric companies to you and everyone else. This rule change ignited a bonfire of risky spending — $40 billion so far on new power plants […]

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International Banks Continue to Back Coal Projects, Contrary to Policy Commitments

Financial Times: Between January 2014 and September 2017 international banks channeled $630bn to the top 120 companies planning to build new coal plants around the world. The researchers highlighted Beijing-based Industrial and Commercial Bank of China as the biggest underwriter for bond and share issues of coal plant developers, providing more than $33bn over that […]

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