You are here: Home » Geography » Colombia
Reuters: Japanese trading house Itochu Corp said on Wednesday it plans to exit the thermal coal business, selling its stakes in mines in Columbia and Australia by March 2024 as it aims to promote decarbonisation. Itochu’s statement was the first confirmation from the company that it would completely withdraw from thermal coal business. It had […]
Reuters: Anglo American will divest from its South African and Colombian thermal coal operations by mid-2023, the miner said on Friday as it sought to demonstrate to investors its commitment to a shift towards clean energy sources. The global miner said a de-merger and listing on the Johannesburg Stock Exchange was the most likely route […]
The Sydney Morning Herald: Glencore, one of the world’s biggest coal miners, has forecast its global output will fall by more than 25 per cent but its Australian mines will be among the last to close. Bowing to pressure from investors to set a net-zero emissions goal by 2050, the Anglo-Swiss giant outlined a new […]
14900 Detroit Avenue, Suite 206
Lakewood, OH 44107
216-712-6612
[email protected]
© 2021 Institute for Energy Economics & Financial Analysis.
IEEFA: Guyana’s oil future relies on ‘lower-than-average governmental take’
Deal raises questions for ExxonMobil shareholders, Guyanese citizens
Last week, IHS Markit released an updated analysis of ExxonMobil’s progress in Guyana that projected significant oil and cash flow from the Yellowtail phase of development. The announcement is one of several upbeat reports about the progress of oil and gas development in Guyana. Buried in this optimistic assessment was an important insight: The company’s […]