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

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 →
IEEFA Australia: Investing in carbon capture and storage and relying on voluntary actions on emissions is like revisiting the olden days

IEEFA Australia: Investing in carbon capture and storage and relying on voluntary actions on emissions is like revisiting the olden days

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 […]

May 19, 2020 Read More →

IEEFA update: The outlook for thermal coal in Southeast Asia and South Asia

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 […]

IEEFA update: With COVID-19, energy markets are turning towards clean energy investments

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 […]

Global coal generation fell by a record amount in 2019, while COVID-19 may cause bigger fall in 2020

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 […]

IEEFA Australia: Origin pulls the plug on gas exploration in the Northern Territory. Who’s next?

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 […]

and

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
, and

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 capital acknowledges stranded asset risks

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 […]

December 3, 2019 Read More →
and

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 →