News

Global Rate of New Coal-Plant Construction Drops

Associated Press: Led by cutbacks in China and India, construction of new coal-fired power plants is falling worldwide, improving chances climate goals can be met despite earlier pessimism, three environmental groups said Wednesday. A joint report by the groups CoalSwarm, the Sierra Club and Greenpeace follows a warning this week by two international agencies that […]

Read More →

Pipeline for Coal-Fired Plants Is in ‘Freefall’

The Guardian: The dramatic decline in new coal-fired units was overwhelmingly due to policy shifts in China and India and subsequent declining investment prospects, according to a report by Greenpeace, the US-based Sierra Club and research network CoalSwarm. The report said the amount of new capacity starting construction was down 62% in 2016 on the […]

Read More →

Japan’s Underused Offshore Wind Potential

Wind Power Offshore: Japan’s move away from nuclear and fossil fuel power can be helped by offshore wind supporting the country’s baseload power, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found. Japan’s offshore wind market is ‘not utilised and has been hugely underestimated’ said IEEFA. In its ‘A […]

Read More →

Dutch Bank Divests From Dakota Access Pipeline

Oil and Gas Investor: Dutch bank ING Group said it has agreed to sell its $120 million share of the loan for the Dakota Access Pipeline, the first bank to offload its debt from the project, which faced fierce opposition from Native Americans and environmental groups. The announcement came one month after ING’s head of […]

Read More →

U.S. Corporate Pushback in Proposed Cuts to Energy-Efficiency Initiatives

The Hill: Dozens of companies and organizations are pleading with Congress to save the popular Energy Star program for appliances and other products, rejecting President Trump’s proposal to eliminate it. The companies, including major names such as 3M, Johnson Controls Inc., Philips Lighting and Intel, joined advocates such as the Natural Resources Defense Council and […]

Read More →

Japan in Transition as Outlook for Coal Use Drops

Bloomberg News: Japan’s traditional power generators may produce 40 percent less electricity in 2030 than they did in 2015 because of a decline in demand and growth in supply from sources of clean energy, a study showed, casting doubt on plans to build more coal-fired power stations. Japan, which increased reliance on fossil fuel after […]

Read More →

In ‘Deepening Industry Decline,’ 2 Coal-Fired Electricity Plants in Ohio Will Close Next Year

Reuters: Electricity company Dayton Power & Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry. Dayton Power & Light, a subsidiary of The AES Corporation, said in an emailed statement that it planned to close the J.M. […]

Read More →

Municipal Utility Says Changing Energy Economics Will Shut 116-Year-Old Kentucky Coal Plant

Kentucky Public Radio: A coal-fired power plant in Western Kentucky will stop burning coal entirely in the next five years. The Owensboro Municipal Utility’s board made the decision last week to retire the second unit of the Elmer Smith power plant in Owensboro, marking the end of the utility’s 116 years of burning coal in […]

Read More →

The Exxon Email Trail

Associated Press: Democratic Massachusetts Attorney General Maura Healey is asking Exxon Mobil to preserve all alias email accounts of company executives. Massachusetts and New York are investigating whether Exxon misled investors and the public about the risks climate change posed for the oil and gas company. Monday’s letter comes after it was disclosed former Exxon […]

Read More →

Coal-Mine Conversion in Germany

Bloomberg New Energy Finance: In projects and technology developments, pumped hydro storage has made headlines in Europe. A coal-mine that powered German industry for almost half a century will get a new lease of life when it’s turned into a giant battery that stores excess solar and wind energy. The state of North-Rhine Westphalia is […]

Read More →