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In America’s Wind Corridor, a Boom Imperils Coal

E&E News: In the nation’s wind corridor, power purchase agreements are being signed for less than 2 cents a kilowatt-hour. Even adding transmission costs, wind energy is undercutting competition from existing coal and nuclear plants. Clean energy advocates and research analysts pointed out the trend in recent reports. A Moody’s Investors Service report this spring […]

October 13, 2017 Read More →

Indonesia Blocks Coal Expansions in Java

Reuters: Indonesia will not approve any new coal-fired power stations on the heavily-populated island of Java as the country strives to reach its renewable energy development targets, the energy minister said on Thursday. “We will not approve any coal-fired power plants in Java, this island, any more,” Energy and Mineral resources minister Ignasius Jonan told […]

October 13, 2017 Read More →

Adani Insists, Against Mounting Odds, That It Will Proceed Soon on Australian Coal-Train Project

The Guardian: The Adani Group has said it will “break ground within days” on the rail link for its Carmichael coalmine and has claimed daily progress on a project for which it still needs to secure about $5bn in finance. The Adani Mining chief executive, Jeyakumar Janakaraj, said in a statement on Friday the company […]

October 13, 2017 Read More →
IEEFA Update: Fallout for Peabody’s Wyoming Coal Holdings From Shutdown of Plant in Texas
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IEEFA Update: Fallout for Peabody’s Wyoming Coal Holdings From Shutdown of Plant in Texas

The Loss of a Key Customer Challenges a Major Mining Company’s Bankruptcy Recovery

[Second of two parts] Luminant’s announcement that it will soon retire the Monticello Plant in Titus County, Texas, improves its bottom line by eliminating a liability from the company’s balance sheet. For Peabody Energy, which supplies that plant with Powder River Basin coal, the shutdown is not such good news. The Monticello plant gets its […]

and October 12, 2017 Read More →

IEEFA Report: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Lagging Rising Trends Driven by Global Electricity-Generation Transition

October 12, 2017 (IEEFA) – The Philippines’ banking sector is dangerously exposed to a proposed new fleet of coal plants that are likely to become stranded assets if they are built, a report co-published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes. The plants would add more than 10,000 megawatts of […]

October 12, 2017 Read More →

Frustration in Blacked-Out Puerto Rico With Electric Company’s Resistance to Change

GreenTech Media: Three weeks since the storm, still only about 17 percent of Puerto Rico is with electricity. The lack of power has severely exacerbated a humanitarian crisis. Food sits rotting on shelves, the majority of hospitals are relying on generators, and with 40 percent of the island still without running water, the likelihood for […]

October 12, 2017 Read More →

Canada, Netherlands, U.K. Join List of Countries Turning Against Coal

Power Magazine: The Netherlands, a country that recently commissioned three state-of-the-art coal plants and has been reluctant to close them, on October 10 moved to phase out coal power by 2030. Meanwhile, the U.K. and Canada this week jointly urged other nations to drop coal from their power profiles. The countries are part of a […]

October 12, 2017 Read More →

U.S. EPA Reversal Won’t Save San Antonio Coal Plant

San Antonio Business Journal: The Trump administration’s abolishment of the Clean Power Plan will not save a coal-fired power plant slated for closure in San Antonio. The U.S. Environmental Protection Agency has terminated the Obama administration’s Clean Power Plan, EPA Administrator Scott Pruitt announced on Monday. Implemented in August 2015, the state-based plan had an […]

October 12, 2017 Read More →

BNP Paribas, Largest French Bank, to Reduce Its Exposure to Oil and Gas

Wall Street Journal: French lender BNP Paribas said Wednesday it will no longer finance shale and oil sands projects, in one of the clearest signs yet the banking industry is re-evaluating its relationship with the oil sector amid mounting pressure from investors and top financial institutions. France’s largest listed bank said it would stop working with companies whose […]

October 12, 2017 Read More →

Australian Bank Indicates It Will Not Refinance Adani

The Guardian: Adani’s financing for its proposed Carmichael coalmine could face a further hurdle, with Westpac appearing to indicate it will not refinance its existing loan to Adani’s coal terminal at Abbot Point. A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) revealed Adani needed to refinance more than $2bn worth […]

October 12, 2017 Read More →