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IEEFA
The Advocate: A new, more stringent review of the environmental impacts of a massive proposed plastics plant along the Mississippi River in St. James Parish will likely take more than two years. Environmental groups are cheering that scrutiny, arguing it could provide a more realistic assessment of the environmental damage the plant would do to […]
Tom Sanzillo, Suzanne Mattei and Press Release
An ‘essential industry’ to the U.S. economy runs in the dark
October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]
Tom Sanzillo and Suzanne Mattei
“Positive” contributions of plastic out of alignment with pollution, climate, public health concerns
The debate in Washington over taxing virgin plastics is worth watching. The issues are much bigger than a tax-aggrieved industry versus a government in need of cash for new investments. It is more than the American Chemistry Council, which opposes a tax, versus Democratic leaders like U.S. Sen. Sheldon Whitehouse and Rep. Tom Suozzi, who […]
Muhamed Sulejmanagic
Petrochemicals, renewable energy, storage and financial markets
June 25, 2021 (IEEFA) ⎼ Energy experts, financial analysts, legal specialists, activists and journalists gathered online this week for the second and final week of IEEFA’s 2021 Energy Finance conference. Held remotely due to travel restrictions related to the coronavirus pandemic, experts highlighted the latest trends in the global energy transition. Recordings of the sessions […]
IEEFA
E&E News ($): Advocates working in St. James Parish, La., are urging the parish council to reject a land use permit for a petrochemical facility based on new evidence. They argue that Formosa Plastics Group, which will operate the petrochemical complex, falsely claimed it would move a toxic facility farther away from a nearby church […]
Press Release, Tom Sanzillo and Suzanne Mattei
IEEFA finds significant financial, market, regulatory and political risks for multibillion-dollar ‘Sunshine Project’ in Louisiana’s ‘Cancer Alley’
March 23, 2021 (IEEFA) ⎼ A report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) details the financial, legal, social and public opposition risks of Taiwan-based Formosa Plastics Group’s proposed petrochemical complex in St. James Parish, Louisiana. IEEFA finds that the project will begin operations at a time of market oversupply, […]
IEEFA
The Advocate: A state district judge sent critical air permits for a $9.4 billion Formosa Plastics complex back to state environmental regulators so they can take a closer look at the St. James Parish facility’s emissions impacts on Black residents living nearby. Nineteenth Judicial District Judge Trudy White issued the finding during a hearing Wednesday, […]
Frank Bass
Fossil fuel industries were becoming less financially attractive even before the global coronavirus pandemic
Three major fossil fuel-based industries—coal, liquefied natural gas, and plastics—were becoming less financially attractive even before the global coronavirus pandemic, according to experts who spoke during the second week of IEEFA’s 2020 Energy Finance Conference. The annual meeting of international energy, finance and policy experts, which was offered online this year because of COVID-related restrictions, […]
IEEFA U.S.: Proposed Formosa, Louisiana petrochemical complex financially unviable
IEEFA finds significant financial, market, regulatory and political risks for multibillion-dollar ‘Sunshine Project’ in Louisiana’s ‘Cancer Alley’March 23, 2021 (IEEFA) ⎼ A report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) details the financial, legal, social and public opposition risks of Taiwan-based Formosa Plastics Group’s proposed petrochemical complex in St. James Parish, Louisiana. IEEFA finds that the project will begin operations at a time of market oversupply, […]