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IEEFA Research

IEEFA U.S.: Texas confronts decline in oil and gas industry

IEEFA U.S.: Texas confronts decline in oil and gas industry

Analysis of long-term trends indicates slower growth, fewer jobs and lower tax contributions

July 28, 2021 (IEEFA) ⎼ Texas policymakers, regulators and public opinion have long held that “what’s good for oil is good for Texas.” But Texas’s economy has become more broad-based and the oil and gas sector’s proportionate contribution has declined. State leaders face a new set of facts on the ground about the future of […]

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity

19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]

IEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results

IEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results

Data suggests that ExxonMobil is underperforming in the Permian Basin

June 9, 2021 (IEEFA) – ExxonMobil’s claims that its Permian Basin oil and gas reserves are world-class will need the immediate attention of the new board, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). In recent investor presentations, ExxonMobil has highlighted the superior performance of its oil wells […]

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections

April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. SaskPower, the operator of the Boundary Dam 3 coal plant, said March 31 that its […]

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers

December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink

IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink

Hope springs eternal for Chinese demand but reality suggests bleak forecast for new projects

October 19, 2020 (IEEFA)— The Conference Board of Canada, an Ottawa-based research organization, has doubled down on a bad hand, according to an analysis by the Institute for Energy Economics and Financial Analysis. The Conference Board’s report, A Rising Tide: The Economic Impact of B.C.’s Liquified Natural Gas Industry, claims an expansion of the British […]

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

Multiple issues in contract likely to contribute to failure of safe, reliable and resilient grid

October 12, 2020 (IEEFA) ‒ A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis. The deal to operate the island’s grid came in the wake of a series […]

IEEFA: Acuerdo de LUMA Energy allana camino para que los reguladores de Puerto Rico repitan errores pasados

Múltiples problemas en el contrato que pueden contribuir al fracaso de una red segura, confiable y resiliente

12 de octubre de 2020 (IEEFA) – Un importante contrato firmado con el consorcio LUMA Energy puede impedir que Puerto Rico construya un sistema eléctrico seguro, confiable y resiliente,  según un nuevo informe del Instituto de Economía Energética y Análisis Financiero. El acuerdo para operar la red de la isla se produjo a raíz de […]

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

More News and Commentary

Banks using loopholes to dodge pledges to stop funding Arctic drilling

Wall Street Journal ($): Some of the world’s largest banks, including Goldman Sachs Group Inc., HSBC Holdings and BNP Paribas SA pledged in recent years to stop direct financing of Arctic oil exploration. The idea was to choke off money for fossil-fuel extraction in a pristine natural environment. A battle has broken out among investors, […]

October 19, 2021 Read More →

European Union plans push for end to Arctic fossil fuel production

Nikkei Asia ($): The European Union is to push for an end to the exploitation of Arctic gas, oil and coal even as energy shortages rock countries and companies across the world, according to a draft new bloc strategy for the polar region. Brussels plans talks with partners over a possible multilateral ban on the […]

October 13, 2021 Read More →

Oil companies ask Canada for 75% of carbon capture construction costs

Reuters: Oil and gas companies have asked the Canadian government to design a tax credit to pay for 75% of the cost to build carbon capture facilities that will curb greenhouse gas emissions, the country’s main energy industry group said on Thursday. The Canadian Association of Petroleum Producers (CAPP) made the request in August to […]

October 8, 2021 Read More →

UK prime minister commits to green sources for electricity by 2035

The Guardian: The prime minister has confirmed plans to eliminate fossil fuels from UK electricity generation by 2035. Speaking during the Conservative party conference, Boris Johnson said the proposed shift would help the UK decarbonise, while softening the impact of the kind of gas price fluctuations that have prompted fears of a winter energy crisis […]

October 4, 2021 Read More →

Panama plans end to coal-fired power by 2023, boost renewables

Reuters: Panama will advance a clean-energy push by embracing ethanol in its gasoline and ending the use of heavy fuels and coal for its power plants by 2023, the nation’s energy minister said. Even though Panama promotes itself as being carbon-negative, the Central American nation wants to further diversify its sources of electricity generation, cut […]

September 30, 2021 Read More →

Quebec pension fund announces oil divestment plan by end of 2022

Pensions & Investments: Caisse de dépôt et placement du Québec, Montreal, announced a new climate strategy that includes completing a divestment from oil production holdings by the end of 2022. The C$390 billion ($315.2 billion) pension fund also announced in a news release Tuesday it plans to increase the value of its low-carbon portfolio to […]

September 29, 2021 Read More →

Canada generator TransAlta plans 2 gigawatts of renewables by 2025

Renewables Now: Canadian power generator TransAlta Corp (TSE:TA) has set strategic growth targets that call for the company to add 2 GW of renewables capacity to its fleet by the end of 2025. By this date, TransAlta will invest CAD 3 billion (USD 2.4bn/EUR 2bn) in developing, building and acquiring new assets as it plans […]

September 29, 2021 Read More →

Canada clean fuel standard draws fire for reliance on upstream credits

Reuters: One of Canada’s flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office, with industry advocates arguing it is out of step with Canada’s goals to achieve net-zero emissions. The Clean Fuel Standard is set to come […]

September 28, 2021 Read More →

Canada fossil fuel workers press Trudeau over retraining pledges

Reuters: Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment to reach net-zero greenhouse gas emissions by 2050, but workers in the country’s sizable fossil fuel sector said they also expect him to keep his promises to retrain them for jobs in a clean-energy economy. Oil worker advocacy group Iron & Earth […]

September 23, 2021 Read More →
IEEFA Canada: Teck’s possible met coal exit an ominous sign for U.S. coal companies

IEEFA Canada: Teck’s possible met coal exit an ominous sign for U.S. coal companies

Overseas demand, high prices and climate issues give Teck cover for met coal exit

Teck Resources, the Canada-based copper, zinc and coal mining company that is one of the biggest exporters of steelmaking coal in the world, is considering selling or spinning off its metallurgical coal operations, according to a Sept. 14 Bloomberg report. Any divestment of its big coal mines in British Columbia could be a signal that […]

September 21, 2021 Read More →