Author Archive: IEEFA

Colstrip co-owners file suit to block Montana law extending plant life

S&P Global Market Intelligence ($): A day after Montana Gov. Greg Gianforte signed into law two bills seeking to extend the life of the Colstrip power plant, one of the last remaining coal-fired generating stations in the Northwest, four of the facility’s owners opposed to the legislation fired back with a lawsuit against two owners […]

May 7, 2021 Read More →

First large-scale U.S. offshore wind farm could open by 2023

S&P Global Market Intelligence ($): Avangrid Inc.’s 800-MW Vineyard Offshore Wind Project appears on track to become the first large-scale U.S. offshore wind farm to enter service, with the developer expecting a final investment decision in the second half of 2021 and production of electricity to begin in 2023, executives said May 4. Avangrid’s 23-GW […]

May 7, 2021 Read More →

Sustainability funds benefited from huge influx of Chinese cash in Q4

South China Morning Post: A surge of Chinese investment in mutual funds with a sustainability focus driven by money flooding into the electric car sector is likely to be sustained this year, according to funds research and management firm Morningstar. Major policies announced by Beijing last year to drive decarbonisation in industry will benefit product […]

May 7, 2021 Read More →

Global asset managers call for uniform climate reporting metrics

IHS Markit ($): Global asset managers, tired of dealing with multiple regimes for disclosing climate and environment-related risks, say governments need to establish a uniform, yet simple, metric for reporting that will drive investments for achieving net-zero carbon goals. “We cannot live with 300 different standards. It should be a global one; so it’s comparable […]

May 7, 2021 Read More →

Shareholders with $2.5 trillion in assets challenge ExxonMobil on governance and lack of vision

Reuters: An investor group on Thursday called on Exxon Mobil’s board to recruit directors and senior executives with energy and clean fuels experience, echoing calls at the center of an ongoing proxy fight. The Coalition for a Responsible Exxon (CURE), which includes Seattle City Employees Retirement System, Dana Investment Advisors and Interfaith Center on Corporate […]

May 7, 2021 Read More →

Only one-third of increase in Africa electricity demand met by renewables

ESI Africa: Renewables supplied only a third of Africa’s electricity demand growth in 2020 according to energy think tank Ember’s The Global Electricity Review. The Global Electricity Review showed that wind and solar showed resilient growth in 2020, despite the COVID-19 pandemic. While this forced a record fall in global power figures, this was not […]

May 7, 2021 Read More →

Major global insurer announces phaseout of coal financing, insuring

Reinsurance News: Global insurer Allianz has unveiled a number of new guidelines for coal-based business models in both property and casualty (P&C) insurance and proprietary investments from 2023 onwards. By 2040, Allianz intends to completely phase out coal-based business models in P&C insurance, which is in line with scientific recommendations for a faster reduction of […]

May 6, 2021 Read More →

Canada clean energy investor plans $2 billion clean production Australia hub

Renew Economy: Canadian clean energy investor Amp Energy has big three solar and battery projects in South Australia as part of a $2 billion play to create a zero emissions hydrogen production hub. Amp, headquartered in Toronto, says it has bought the three projects from Australian renewable energy consultancy EPS, and they total more than […]

May 6, 2021 Read More →

IEA recommends stockpiling critical battery metals used in renewables

Bloomberg ($): Western governments should consider stockpiling critical battery metals such as cobalt and lithium, the International Energy Agency said, in a stark warning of the geopolitical risks that accompany the green-energy transition. That call comes as some policy makers worry the shift from burning fossil fuels to a greener economy will expose the world […]

May 6, 2021 Read More →

TVA planning to swap retired coal plants with small modular reactors

S&P Global Market Intelligence ($): The Tennessee Valley Authority is eyeing small modular nuclear reactors as replacement options for four remaining coal plants projected to reach the end of their useful lives by 2035. TVA spokesman Scott Brooks confirmed May 4 that the federal wholesale power authority assumes the 1,242-MW Shawnee, 2,522-MW Cumberland, 988-MW Gallatin […]

May 6, 2021 Read More →