North America

IEEFA Research

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 […]

and February 24, 2020 Read More →
IEEFA report: Teck Resources’ Frontier Oil Sands project shows reckless disregard for financials

IEEFA report: Teck Resources’ Frontier Oil Sands project shows reckless disregard for financials

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 […]

IEEFA update: Global coal power set for record fall in 2019

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 […]

and November 25, 2019 Read More →
IEEFA report: Additional $320 million in subsidies used to finance Trans Mountain Pipeline in first half of 2019

IEEFA report: Additional $320 million in subsidies used to finance Trans Mountain Pipeline in first half of 2019

Economic case for TMX weaker than ever, according to financial analysis

November 19, 2019 (IEEFA North America) – The most recent analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) shows an additional $320 million in new subsidies was given in the first six months of this year to finance the already highly-subsidized multi-billion dollar Trans Mountain Pipeline (TMX), calling into question the economic […]

Sightline/IEEFA update: U.S. fracking sector disappoints again

Sightline/IEEFA update: U.S. fracking sector disappoints again

Fracking-focused enterprises continue to produce glut in gas, not profits

August 19, 2019 (Sightline/IEEFA) ‒ A review of 29 major fracking-focused oil and gas companies revealed meager cash returns in the second quarter of 2019, according to a briefing note released today by Sightline Institute and the Institute for Energy Economics and Financial Analysis (IEEFA). The report, U.S. Fracking Sector Disappoints Yet Again, notes that […]

IEEFA U.S.: Fracking companies in Appalachia struggle financially

Turbulence and desperation are roiling the struggling industry

July 17, 2019 (IEEFA)  ̶  Differences among leaders at EQT, the nation’s largest independent producer of natural gas, highlight the dilemma faced by those looking to drill, drill, drill versus those seeking to rely on traditional supply-and-demand strategies. Neither approach offers much promise, according to a briefing note released today by the Institute for Energy […]

Sightline/IEEFA update: U.S. fracking sector bleeds red ink in Q1

Sightline/IEEFA update: U.S. fracking sector bleeds red ink in Q1

Fracking-focused enterprises continue trajectory of disappointing results

June 4, 2019 (Sightline/IEEFA) – The North American fracking sector once again spent more on drilling than it realized from sales of oil and gas, according to a briefing note released today by Sightline Institute and the Institute for Energy Economics and Financial Analysis (IEEFA). The brief, Red Ink Keeps Flowing for U.S. Fracking Sector, […]

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

More News and Commentary

LG Energy initial public offering of $6 billion takes $80 billion in bids

PV Magazine: Chemical-based battery company LG Energy Solution‘s (LGES’) $10.7 billion initial public offering received bids worth around $80 billion from institutional investors, Reuters reported today. The book for the offering, the largest ever held in South Korea, will close tomorrow with deal pricing set for Friday. The reported IPO could take the company’s value […]

January 12, 2022 Read More →
IEEFA U.S.: Frackers gained in 2021 as sweet spot of rising oil prices and lower costs boosted profits
and

IEEFA U.S.: Frackers gained in 2021 as sweet spot of rising oil prices and lower costs boosted profits

Shrinking inventories, drilling pressure, lower futures prices may tighten margins in 2022

For the first time since the dawn of the fracking boom, North America’s oil and gas companies generated a generous surplus of cash in 2021. The bonanza stemmed in part from high oil and gas prices. A cross-section of 28 North American shale-focused oil and gas producers generated almost $40 billion in revenues during the […]

IEEFA video: Are gas and LNG investments safe?

Increasing price and demand volatility, policy change, competition and stranded asset risk threaten gas and LNG investments

Are gas investments safe? IEEFA energy finance analyst Bruce Robertson shows how risks are mounting in the sector and warns that these will result in financial losses and stranded assets. This pressure comes from many directions including climate change, energy and financial policy shifts, market competition, fluctuating demand, price volatility and technological innovation, including decarbonization […]

November 29, 2021 Read More →

RWE touts new plan to spend 50 billion euros on renewables by 2030

S&P Capital IQ ($): Ramping up its renewables ambitions, German utility RWE AG is upping spending and capacity targets by 2030, it said during its Nov. 15 capital markets day. With exits from coal and nuclear power generation moving into view, the business will spend €50 billion over the course of this decade to grow […]

November 16, 2021 Read More →

Plans announced for largest blue hydrogen facility in United States

E&E News ($): A North Dakota energy company announced a deal this week to convert a gas plant into the largest and cheapest clean hydrogen facility in the United States, underscoring an ongoing debate about hydrogen’s growth and emissions footprint. Bakken Energy LLC said it had reached an agreement with Midwestern utility Basin Electric Power […]

August 18, 2021 Read More →
IEEFA: Lessons from the Texas energy crisis for emerging LNG importers in Asia

IEEFA: Lessons from the Texas energy crisis for emerging LNG importers in Asia

LNG importers will bear climate-related risks of exporting countries, threatening energy security and electricity costs

The Texas energy crisis has become world news. During last week’s extreme winter weather, surging electricity demand collided with falling generation, forcing the state’s grid operator to implement rolling blackouts. In many cases, blackouts lasted for over 24 hours, causing fuel and electricity supply shortages and disruptions throughout the gas supply chain. At least 4.5 […]

March 1, 2021 Read More →

Iberdrola to spend $182 billion to triple renewable energy capacity by 2030

PV Tech: Iberdrola has unveiled plans to double its spend on renewables, taking its investment from €75 billion (US$91 billion) by 2025 to €150 billion (US$182 billion) by 2030. The Spanish energy group made the pledge after its renewables business posted net profits of €3.6 billion (US$4.4 billion) last year despite the widespread disruption in […]

February 25, 2021 Read More →

Global solar installations could top 200GW in 2021—BNEF

PV Tech: As much as 209GW of solar PV could be installed this year, BloombergNEF (BNEF) has said, with project activity booming in most international markets. Annual deployment is also expected to continue to climb over the coming years, with BNEF’s optimistic forecast expecting 221GW to be installed in 2022 and 240GW in 2023. The […]

February 24, 2021 Read More →

Jobs in offshore wind sector projected to climb sharply through 2030

OffshoreWind.biz: Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is according to an analysis from […]

February 22, 2021 Read More →

Oil giant Total ups renewable energy installation goal to 35GW by 2025

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 […]

October 1, 2020 Read More →