Colombia

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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 →
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 →

Oil- and coal-rich Colombia passes energy transition law

Argus Media ($): Colombia has enacted an energy transition law to promote investment in hydrogen, renewable energy and sustainable transport. The law, signed by President Ivan Duque yesterday, recognizes green and blue hydrogen as renewable energy eligible for reduced income tax, VAT and tariff exemptions and accelerated depreciation. The new legislation also provides a legal […]

July 13, 2021 Read More →

AES accelerates closure of 1,097MW of coal units in Chile

Argus Media: US utility AES is accelerating the shutdown of 1,097MW of coal-fired power generating units in Chile, in line with the greening of its corporate strategy and the country’s decarbonization plan. Ventanas units 3 and 4 in the central coastal city of Puchuncavi and Angamos 1 and 2 in the northern port city of […]

July 7, 2021 Read More →

Coal hits highest level in decade amid global carbon reduction pledges

Wall Street Journal ($):  Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal. Supplies have been crimped […]

June 25, 2021 Read More →

Oil companies resisting boom-and-bust cycle as transition accelerates

Bloomberg ($): “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be. For the first time in decades, oil companies aren’t rushing to increase production to […]

June 1, 2021 Read More →

Latin America possesses potential to become key hydrogen player

OilPrice.com: As oil majors around the world solidify their positions in the hydrogen industry, the IEA has highlighted Latin America as a clear area of opportunity for the production of what many expect to be the energy source of the future.  “Latin America could become a key contributor to the global push towards low carbon […]

April 28, 2021 Read More →
IEEFA: Guyana’s oil future relies on ‘lower-than-average governmental take’

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 […]

March 10, 2021 Read More →

Japan’s Itochu Corp. sets 2024 thermal coal exit date

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 […]

January 14, 2021 Read More →

Anglo American to exit thermal coal sector by mid-2023

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 […]

December 14, 2020 Read More →