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IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

With export markets' changing expectations, investors and industry beware

31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

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Vattenfall starts construction on first subsidy-free offshore wind farm

ReNews.biz: Vattenfall has started construction of the 1500MW Hollandse Kust Zuid offshore wind farm off the coast of the Netherlands. The Swedish developer said that the first vessel transporting foundations had departed today for the construction site. Construction is starting with the installation of monopile foundations, each of which have been designed specifically for the […]

July 6, 2021 Read More →

Volvo plans shift to fossil fuel-free steel for autos by 2026

The Guardian: Volvo plans to build cars using steel made without fossil fuels by 2026, as part of a deal that could significantly reduce the carbon emissions from manufacturing its vehicles. The Swedish carmaker and compatriot steelmaker SSAB signed a letter of intent to commercialise technology that replaces coal with hydrogen in a crucial part […]

June 17, 2021 Read More →

Axian announces plan to double size of Madagascar solar plant

PV Magazine: African conglomerate Axian Group has announced plans to double the size of its 20 MWp Ambatolampy solar field, in Madagascar. The Antananarivo-based business, which operates in the real estate, telecoms and finance, as well as energy sectors, said it will start work on a €17 million project to double the scale of the […]

June 17, 2021 Read More →

Northern Sweden emerging as hub for renewable industries

Reuters: Long home to polluting industries, the hydro and wind power of Sweden’s far north is set to reduce the country’s carbon footprint as it lures low-emission manufacturers and creates thousands of jobs for those willing to brave the dark and cold. Known internationally for reindeer and spectacular views of the Northern Lights, the region […]

June 3, 2021 Read More →

Zephyr plans 1GW wind farm in waters between Denmark, Sweden

offshoreWIND: Sweden-based Zephyr Vind, a wholly owned subsidiary of the Norwegian company Zephyr, has announced plans to build a large-scale offshore wind farm in Sweden, which would use both floating and fixed-bottom foundations. The company has proposed two preliminary project designs: one with 61 wind turbines with a 20+ MW capacity each, and one with […]

May 17, 2021 Read More →

Leaked EC plans show commission plans to push states for more renewables

OilPrice.com: The European Commission intends to ask EU Member States to make an additional effort to increase their share of renewable energy in the power mix, according to a leaked draft of an official document revealed by Euractiv on May 4th. Brussels wants to upgrade its current 32% renewable energy target for 2030 to at […]

May 10, 2021 Read More →

European renewable demand surged during 2020 despite pandemic

T&D World: “Renewable energy demand has grown by an impressive 8% from 2019 to 2020, during a year where energy consumption and industry output has slumped across most of Europe,” says Tom Lindberg, the managing director at ECOHZ, commenting on new statistics from the Association of Issuing Bodies (AIB). Lindberg suggests that a paradigm shift […]

May 3, 2021 Read More →

Corporations added more than 20,000MW of new solar and wind in 2020

S&P Global Market Intelligence ($): The COVID-19 pandemic proved to be a significant disruption for many corners of the global energy industry, but the corporate renewables market plowed ahead as if nothing had happened. S&P Global Market Intelligence tracked over 20,000 MW of new corporate wind and solar capacity throughout the year, making 2020 the […]

April 23, 2021 Read More →

Sweden’s Volvo to begin producing first cars with fossil-free steel by yearend

The Driven: Swedish automotive giant Volvo Group plans to produce the world’s first vehicles to be made from fossil fuel-free steel, with the first vehicles expected later this year. The race to decarbonise more than just a vehicle’s operating emissions is on, with automakers around the world investigating and investing in fossil fuel-free materials production. […]

April 15, 2021 Read More →

Seven European countries end export finance for coal projects, boost renewable funding

Global Trade Review: Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate. Denmark, France, Germany, the Netherlands, Spain, Sweden and the UK announced a new alliance, the Export Finance for Future (E3F) coalition, following a virtual meeting […]

April 14, 2021 Read More →