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IEEFA Op-Ed: Wall Street’s War on Puerto Rico

IEEFA Op-Ed: Wall Street’s War on Puerto Rico

Bondholders Who Insist on Their Pound of Flesh Only Risk Further Losses

A commentary that appeared the other day in the Bond Buyer, the debt industry’s newspaper of record, is but the latest salvo in Wall Street’s misguided war on Puerto Rico. The column, by a representative of Spire Wealth Management, complained strenuously that Puerto Rico was only hurting itself by pressing for much-needed debt relief. Such […]

December 7, 2017 Read More →

Investors Grow Weary of U.S. Shale Losses

Wall Street Journal: Twelve major shareholders in U.S. shale-oil-and-gas producers met this September in a Midtown Manhattan high-rise with a view of Times Square to discuss a common goal, getting those frackers to make money for a change. In the months since, shareholders have put the screws to shale executives in ways that are changing […]

December 7, 2017 Read More →

U.S. Coal, Nuclear Industries Seek Billions in Tax-Credit Bailouts

Axios: Two separate lobbying pushes are underway urging Congress to create new multi-billion dollar tax credits benefiting virtually all coal and nuclear power plants across the United States. The price tags: up to $65 billion for coal and $4.8 billion for nuclear. The efforts show the aggressive lengths companies are going trying to survive in […]

December 7, 2017 Read More →

U.S. Senate Bill Aims to Loosen Investment Restrictions for Florida Solar Industry

WTLV (Jacksonville): U.S. Senator Bill Nelson introduced legislation this week that could further expand the solar industry in Florida by allowing banks to invest heavily in the renewable energy sector, a financial move which is currently banned under Federal Deposit Insurance Corporation regulation. Under the Bank Holding Company Act of 1956, bank holding companies (BHCs) […]

December 7, 2017 Read More →

Another Coal Plant Closes in Upper Midwest

Wisconsin Public Radio: An energy company is shuttering another coal-fired power plant in Wisconsin. WEC Energy is closing its plant in Green Bay, and it comes on the heels of the company closing another facility in Pleasant Prairie. The Green Bay closure isn’t a surprise, the company announced its plans to shutter the plant last […]

December 7, 2017 Read More →

Kentucky Utility Sees Coal-Powered Electricity All but Disappearing by 2050

WFPL (Louisville): Kentucky’s largest electric utility expects to be powered more than 80 percent by natural gas or renewable energy by the middle of this century — regardless of whether the country’s energy policies change. Last month, PPL — the corporation that owns both Louisville Gas and Electric and Kentucky Utilities — released a climate […]

December 7, 2017 Read More →

West Virginia Mine Lays Off Most of Its Workers

Exponent Telegram (Clarksburg): A mine in Marion County has idled almost all its workers. Enough workers are on hand at the Federal No. 2 mine to prevent the mine from flooding and to keep it ready to reopen, but “it’s a minimal, skeletal crew,” said Phil Smith, communications director for the United Mine Workers of […]

December 6, 2017 Read More →

IEEFA Op-Ed: ‘Pension Funds, Sell Your Gas and Oil Stock’

Former Blue-Chip Investments Bear a Greater Resemblance Now to Speculative Holdings

Last month, Norway’s $1 trillion pension fund announced plans to drop oil and gas stocks from its core benchmark stock portfolio. The move was of note because it served as an important acknowledgement by a major institutional investor that such holdings have lost their status as mainstream, blue-chip investments and are now considered speculative. It […]

December 4, 2017 Read More →

$40 Billion Investment Opportunity Seen in U.S. Wind-Farm Upgrades

GreenTech Media: North America’s aging fleet of wind turbines could lead to a surge in operations and maintenance spending through 2030, according to a report released this month by IHS Markit. The report found cumulative O&M spending for the wind energy sector in the United States and Canada will top $40 billion from 2015 to […]

December 4, 2017 Read More →

Coal’s Share of U.S. Electricity-Generation Market Dips to 29.4%

SNL: Coal’s share of U.S. generation sank below 30% in September. According to the U.S. Energy Information Administration’s latest “Electric Power Monthly” released Dec. 1, over the same period, gas-fired generation declined 7.1% to 116.7 million MWh, accounting for 34.9% of the net total. Meanwhile, coal-fired generation declined 13.9% versus the prior-year period to 98.4 […]

December 4, 2017 Read More →