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IEEFA U.S.: ExxonMobil goes back large into risky Canadian oil sands

Two years after writing down its reserves, XOM subsidiary Imperial invests again

ExxonMobil’s (“XOM”) Canadian subsidiary Imperial Oil has announced its intention to invest C$2.6 billion[1] in the Aspen mines, an oil sands project in Alberta, Canada. This is big news. In February 2017, the company formally de-booked 4.6 billion barrels of reserves in the Canadian oil sands, 19% of XOM’s worldwide reserves. The Aspen announcement was […]

November 29, 2018 Read More →

IEEFA Europe: Progressive energy policies will make rooftop solar more affordable

Technologies that optimise home installations are still too expensive

LONDON—Roof-top solar can be a critical way to meet new carbon-emissions standards, but unsubsidised payback periods are still too long and, by and large, home-solar systems still lack a cost-effective means of enabling households to use as much of their home generation as possible. Ultimately, batteries almost certainly will become a critical part of home […]

November 28, 2018 Read More →

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

November 19, 2018 Read More →

IEEFA U.S.: Transition to renewables has taken hold in historically coal-dependent northern Indiana

A Midwestern sign of more change to come

It’s hard to overstate the importance of Northern Indiana Public Service Company’s announcement late last month that it intends to phase out all its coal-fired generation over the next 10 years. In state rankings, Indiana has long been the second- or third-largest coal consumer in the nation, depending on whether you count total coal consumption […]

November 16, 2018 Read More →
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