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IEEFA
Wall Street Journal ($): Federal prosecutors on Thursday said utility FirstEnergy Corp. had agreed to pay $230 million to resolve charges that it was involved in a bribery scheme to pass a state bailout of nuclear power plants in Ohio. Under a three-year deferred prosecution agreement, FirstEnergy agreed to pay the penalty and develop a […]
IEEFA
MassLive: The dispute is over a 145-mile transmission line, which would cost nearly $1 billion and is being financed by Massachusetts electric ratepayers, which would eventually bring hydropower from Canada to Massachusetts. The two energy companies, NextEra Energy and Avangrid rival complaints are risking the state’s ability to comply with its new climate law signed […]
Wilda Anagal
Decades of coal mining spur Navajo and Hopi efforts to urge federal intervention for environmental justice
As the energy transition gains momentum around the globe, the IEEFA documentary, “Local Leadership, Global Change: Navajo Nation & Hopi Tribe” focuses on how indigenous-led organizations are raising awareness of the need to shift away from a fossil fuel-based economy. The documentary centers on the Navajo and Hopi tribal members living on reservation lands in […]
Trista Rose
It’s an (expensive) sorry tale when companies ignore shareholders and continue to invest in fossil fuels
22 July 2021 (IEEFA Australia): In failing to realise its early green ambition AGL Energy, one of Australia’s biggest electricity generators and retailers wiped over 70% off its market value in just four years, destroying A$12 billion in shareholder wealth, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]
IEEFA
PV Tech: If current trends continue, renewable energy will provide roughly one-third of US electricity to the grid by 2030, although this could reach half of generation if deployment increases, according to data by the Energy Information Administration (EIA) and the Federal Energy Regulatory Commission (FERC). Even this, however, would fall short of US President […]
IEEFA
Bloomberg ($): As the European Union gets serious about fighting climate change, experts are fielding more calls than ever from polluters seeking help to trap, process and store their carbon emissions. The business of capturing emissions from industrial plants that make everything from cement to energy will get a push from the European Commission’s ambitious […]
Cathy Kunkel
More than $14 billion in federal funds should be used to increase Puerto Rico renewable sources
Puerto Rico should take advantage of a unique opportunity to deploy billions of dollars of federal funding to create a resilient, decentralized electrical system based on renewable energy—an opportunity that neither the Puerto Rico Electric Power Authority (PREPA) nor private operator LUMA Energy has shown any interest in pursuing. That was the core theme of […]
Cathy Kunkel
Más de $14 mil millones en fondos federales deben ser utilizados para aumentar las fuentes renovables de Puerto Rico
Puerto Rico debe aprovechar una oportunidad única para desplegar miles de millones de dólares de fondos federales para crear un sistema eléctrico resiliente y descentralizado basado en energía renovable, una oportunidad que ni la Autoridad de Energía Eléctrica de Puerto Rico (AEE) ni el operador privado LUMA Energy han mostrado interés en perseguir. Ese fue […]
IEEFA
Canada’s National Observer: Investment in carbon capture technology will hinder Canada’s transition away from fossil fuels and exacerbate the effects of climate change, says a new letter co-signed by hundreds of organizations. Over 500 environmental groups and other organizations from Canada and the U.S. put the piece together, which ran as a full-page ad in […]
IEEFA
Bloomberg ($): BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, said the people, who asked not to be […]
IEEFA: Navajo Nation, Hopi tribe advocates push for fair energy transition outcome in Arizona
Decades of coal mining spur Navajo and Hopi efforts to urge federal intervention for environmental justice
As the energy transition gains momentum around the globe, the IEEFA documentary, “Local Leadership, Global Change: Navajo Nation & Hopi Tribe” focuses on how indigenous-led organizations are raising awareness of the need to shift away from a fossil fuel-based economy. The documentary centers on the Navajo and Hopi tribal members living on reservation lands in […]