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    IEEFA Australia: The Odds Against Adani’s Mega-Mine Are Growing IEEFA Australia: The Odds Against Adani’s Mega-Mine Are GrowingLast 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 is ...
    IEEFA Update: Coal Stocks Lose, However You Dice the Data IEEFA Update: Coal Stocks Lose, However You Dice the DataIf stock prices are any measure of a company or industry’s success or failure, the coal industry has been failing now for 10 years.     The recent progress noted by many companies in their second-quarter earnings reports notwithstanding—production increases, slight improvements in profit margins, some increases in exports via East Coast ports, and purportedly beneficial policy changes ...
    IEEFA Update: Open Talk of Transition IEEFA Update: Open Talk of TransitionA remarkable bit of news surfaced this week through SNL—the trade publication, not the comedy show—in an article that cobbled together recent U.S. utility-industry earnings calls that had a strikingly common theme: CEOs talking openly now about getting out of coal. Several even “seem excited” to be doing so, among them the chief executives of the ...
    IEEFA Update: Even Coal-Mining Companies Are Complaining About the Price They Pay for Coal-Fired Electricity IEEFA Update: Even Coal-Mining Companies Are Complaining About the Price They Pay for Coal-Fired ElectricityPublic filings by U.S. coal-mining companies disclose vast data that is crucial to investors—which is the point of having such information publicly available. They also yield revealing anecdotal notes that add perspective and depth to the numbers, and that include wrinkles of irony sometimes. Some coal-fired power has gotten so expensive that coal producers are complaining ...
    U.S. Clean-Energy Industry Prepares Business-Case Blitz Around Job Creation and Reliability U.S. Clean-Energy Industry Prepares Business-Case Blitz Around Job Creation and ReliabilityAxios: America's clean-energy crowd is looking to shed its climate reputation and appeal more to a Republican-controlled Washington. An unusually broad and diverse coalition of 10 clean-energy associations are organizing a lobbying and advertising push next month to highlight how the industry is creating jobs and providing reliable electricity, with less focus on the sector's role combating ...
    Blackstone Bets Big on Low Natural Gas Prices for the Long Term Blackstone Bets Big on Low Natural Gas Prices for the Long TermWall Street Journal: Blackstone Group LP has a deal to buy Harvest Fund Advisors LLC, an investment-management firm with more than $10 billion in assets under management that focuses on midstream energy assets. The move is part of a large Blackstone bet that it can profit on rising natural-gas production, even if gas prices remain stuck at ...
    Norway, Seat of World’s Biggest Sovereign Wealth Fund, Urged to Modernize Its Investment Strategy, Including on Renewables Norway, Seat of World’s Biggest Sovereign Wealth Fund, Urged to Modernize Its Investment Strategy, Including on RenewablesReuters: Jobs, taxes and schools will be top of Norwegian voters' minds when they go to the polls on Sept. 11, but it's what to do about the nearly $1-trillion sovereign wealth fund that may be the next parliament's biggest challenge. The world's largest sovereign wealth fund, pooling Norway's revenues from oil and gas production, has been ...
    IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at RiskWe’ve just published a report that calls into serious question Indonesia’s plans to expand its commitment to coal-fired electricity generation. The report—“Overpaid and Underutilized: How Capacity Payments Could Lock Indonesia Into a High-Cost Electricity Future”—analyzes Indonesia’s 2017-26 national energy blueprint and shows how long-term coal power contracts that the country is contemplating will not just require ...
    IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in DeclineCLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 percent ...
    Market Cap of U.S. Coal Companies Continues to Fall Market Cap of U.S. Coal Companies Continues to FallChristopher Coats for SNL: The combined market value of major publicly traded U.S. coal producers continues to erode, now standing at approximately $4.59 billion, or 4.7% less than in November 2015, according to an S&P Global Market Intelligence analysis. Since April 2011, the group of 13 U.S. coal producers has lost more than 92% of its value ...