You are here: Home » Geography » North America
North America
More News and Commentary
IEEFA
Recharge: Oil supermajor Total raised its renewable energy target to 35GW by 2025, as it pursues an ambition to become a global top-five player in the green power sector that could see it adding 10GW of new projects annually, the company said on Wednesday. The new 2025 goal for gross capacity developed adds 10GW to […]
Tim Buckley
The government’s Climate Solutions Fund offers little hope for financial industry backers of a Paris-aligned economic recovery
The world is grappling with how best to manage the health and economic consequences of two global emergencies, COVID-19 and the urgent need to reach zero emissions. The near term is dominated by the current pandemic and finding a balance between the continuing public health response to avoid a second wave of infections, and the […]
Tim Buckley
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is positive. The region is likely to see a continuation of growing energy demand on the back of strong demographic trends which underpin a strong regional economic growth profile. HOWEVER, INVESTORS AND CORPORATES SHOULD PROCEED WITH EYES WIDE OPEN to the risks of the global […]
Bruce Robertson
Renewable projects going ahead as oil and gas companies withdraw from projects
There were a couple of surprising things that came out of Australian oil and gas producer Santos’ annual general meeting last week. Firstly, the chairman highlighted that they have pretty radically cut their capital expenditure budget which has involved them delaying the final investment decision on their $7 billion investment in the Barossa field offshore […]
Guest Commentary: Dave Jones
Short- and long-term impacts of pandemic on electricity markets are still unclear
In the coming months, governments around the globe will pump trillions in public spending to try to stimulate economic recovery. How this money is used will mean the difference between seeing a big rebound in CO2 emissions, or setting the world on a more sustainable pathway through investing in renewables and low-carbon alternatives. A new […]
Bruce Robertson
The crash in oil prices exacerbates the uncertain future of gas
In the last few weeks, we have seen a flurry of activity in the oil and gas industries. Fracking companies in particular have been trying to respond to both the oil crash and the coronavirus crisis with a business-as-usual approach. In the Northern Territory of Australia, where there a number of exploration projects, the government […]
Press Release and Tom Sanzillo
February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]
Press Release, Tom Sanzillo and Kathy Hipple
Joint Review Panel’s approval was based on inflated oil price projections
January 15, 2020 (IEEFA North America) – The Joint Review Panel (JRP) approved Teck Resources’ proposed Frontier oil sands mine, now under federal government review, based on inflated oil price estimates of $95/barrel or better “for years to come,” which is “misguided and reckless,” according to a report released today by the U.S.-based Institute for […]
Tim Buckley
Momentum against thermal coal builds as first step
Global capital markets are continuing to move towards the exit when it comes to financing, insuring or investing in thermal coal and coal-fired power plants used to generate electricity. The International Energy Agency (IEA) has made it clear that unabated thermal coal use must cease globally by 2050 if warming is to be held below […]
Press Release and Tim Buckley
Long-term decline of unabated thermal coal use becoming increasingly clear
November 25, 2019 (IEEFA) ‒ Coal-fired power used to make electricity is on track for record declines globally in 2019, finds a new briefing note out today by the Institute for Energy Economics and Financial Analysis (IEEFA), the Centre for Research on Energy and Clean Air (CREA) and Sandbag. The note, Global Coal Power Set […]
Press release: IEEFA statement on Teck Resources decision to withdraw Frontier Mine proposal
February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]