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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 […]
IEEFA
New York Times ($): The Biden administration on Wednesday released a plan to produce almost half of the nation’s electricity from the sun by 2050 as part of its effort to combat climate change. Solar energy provided less than 4 percent of the country’s electricity last year, and the administration’s target of 45 percent would […]
IEEFA
S&P Capital IQ ($): Five more interstate natural gas transportation and storage projects will receive environmental impact statements from the Federal Energy Regulatory Commission, another sign the commission is turning toward the more extensive environmental reviews as it sorts out how to assess climate impacts. The unfolding approach could mean a longer review timeline for […]
Guest Contributor: Brad Williams, Clark Williams-Derry and Press Release
Tellurian’s history, finances and new LNG deals raise questions about profitability
August 31, 2021 (IEEFA) — At first glance, Tellurian Inc.’s proposed Driftwood liquefied natural gas (LNG) project looks like a cause for optimism for the U.S. LNG market after a dismal 2020 saw demand and prices plummet while the COVID-19 pandemic raged. However, a closer look at Tellurian’s history, finances and structure of its newly […]
IEEFA
New York Times ($): Most of New Orleans went dark on Sunday after Hurricane Ida took out transmission lines and forced power plants offline. It was an all too familiar scene in a city that has often lost power during big storms. But this was an outage that was never supposed to happen. The utility […]
Suzanne Mattei
Decision made as heavily polluted Louisiana community continues to battle Formosa
A massive petrochemical complex proposed for an already heavily polluted community in Louisiana must undergo a thorough and public environmental analysis. The Army Corps of Engineers has reversed its earlier position and issued an Aug. 18 memorandum directing officials to prepare a full environmental impact statement (EIS) to assess the potential environmental impacts of the […]
IEEFA
Reuters: U.S. electric company Entergy Corp (ETR.N) wants to build a power plant in Texas capable of burning a combination of natural gas and hydrogen as more consumers seek to transition from dirty fossil fuels to carbon-free sources of energy. This is just one of several hydrogen projects that U.S. utilities are developing. But before […]
IEEFA
New York Times ($): The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy. The proposed sale, the first of the Biden administration, […]
IEEFA
Utility Dive: North Carolina Gov. Roy Cooper, D, laid out ambitious offshore wind goals Wednesday as the state pushes toward its aim of reducing greenhouse gas emissions 70% below 2005 levels by 2030. Cooper’s executive order calls for the state to develop 2.8 GW of offshore wind projects by 2030 and 8 GW by 2040, […]
IEEFA
Wall Street Journal ($): A growing fight is unfolding across the U.S. as cities consider phasing out natural gas for home cooking and heating, citing concerns about climate change, and states push back against these bans. Major cities including San Francisco, Seattle, Denver and New York have either enacted or proposed measures to ban or […]
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, […]