Subject

More News and Commentary

Vanguard, Biggest U.S. Mutual Fund, Will Monitor Climate Risk Across Its Holdings

Reuters: Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry. Under pressure from investors, Vanguard and other fund companies have pushed to pass several high-profile shareholder resolutions on climate risk at […]

August 15, 2017 Read More →

Backlash in Wyoming Over Subsidy to Eastern U.S. Coal Producers

Casper Star-Tribune: A proposal to use federal money to help boost the coal industry in the eastern United States is raising protests from Wyoming. Wyoming Mining Association Executive Director Travis Deti says he thinks it’s “misguided” to provide federal support to a particular region over another. Deti says Wyoming coal would be at a competitive […]

August 15, 2017 Read More →

On the Blogs: ‘Powering the Next Billion Consumers Will Look Very Different Than Powering the First’

Bloomberg New Energy Finance: More than a billion people worldwide live without reliable access to electricity. Providing them with power will require hundreds of billions of dollars of investment, vast deployment of technology, and adaptable business and financial market strategies. Much of the job can be done with power generation systems that are not connected […]

August 15, 2017 Read More →

China Hits Pause on Coal-Fleet Expansion

Xinhua (China State News Agency): China is holding back on building new coal-fired power plants to avoid risks from overcapacity and promote a clean energy mix. A total of 150 million kw of new coal power generation capacity will see construction halted or postponed from 2016 to 2020, the 13th Five-Year Plan period, according to […]

August 15, 2017 Read More →

Australia Natural Gas Export Overbuild Is Collapsing

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 →
IEEFA Australia: The Odds Against Adani’s Mega-Mine Are Growing
and

IEEFA Australia: The Odds Against Adani’s Mega-Mine Are Growing

Project Remains Unbankable and Cannot Proceed Without Government Subsidies

Last week’s news that Commonwealth Bank, Australia’s largest, has ruled out financing for the proposed Carmichael project because of the climate risk it comes with is but the latest in the long drip of events adding to the probability the mega-mine-and-rail complex will never be built. In fact our view has only hardened that Carmichael […]

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

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

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

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

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 →