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Sightline/IEEFA report: U.S. fracking industry posts disappointing Q4 results

More red flags point to industry in decline

March 19, 2019 (Sightline/IEEFA) — Record-setting oil and gas production in Q4 did not lead to corresponding financial success. To the contrary, U.S. fracking-focused companies “spilled alarming volumes of red ink in 2018,” according to a report released today by the Sightline Institute and the Institute for Energy Economics and Financial Analysis (IEEFA). The joint […]

March 20, 2019 Read More →

IEEFA update: First Chinese major joins over 100 global financial institutions restricting coal finance

In the last two weeks four institutions announced coal exits

SYDNEY — In the last two weeks, four globally significant financial institutions – one leading Chinese financier, two European insurers and one French asset manager – brought in new restrictions on thermal coal financing, insurance and/or investments. Additionally, two important Australian regulatory authorities called on governments and financial markets to prepare for an urgent but […]

March 19, 2019 Read More →

IEEFA report: Powder River Basin coal industry is in long-term decline

Fast-changing markets indicate deeper downturns to come in Montana and Wyoming

March 18, 2019 (IEEFA U.S.) — Coal producers in the Powder River Basin continue to lose customers as utilities across the U.S. embrace a shift toward cleaner and cheaper forms of power generation, according to a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — Powder River Basin Coal […]

March 18, 2019 Read More →

IEEFA update: Get out now — Norway’s fossil fuel epiphany

Divesting fossil fuel stocks challenges conventional wisdom on economic future of oil and gas industry

Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, has decided to “sell.” They have announced plans to divest from 134 oil and gas exploration and production companies held in its US$1 trillion investment fund. The fund will continue — at least for now — to hold onto the stocks of large, […]

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