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IEEFA Research

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 […]

More News and Commentary

G-20 to focus on stopping financing of foreign coal-fired power plants

Bloomberg ($): Group of 20 diplomats have all but given up on their lofty goal of consigning coal to history and are instead closing in on a more modest plan to stop governments funding foreign coal-fired power plants, according to people familiar with the situation. With the energy crisis changing the dynamics of diplomatic talks, […]

October 22, 2021 Read More →

Volvo rolls out first vehicle manufactured with fossil-free steel

The Driven: Swedish automaker Volvo Group has unveiled what it says is the world’s first vehicle made from fossil-free steel, a load carrier for use in mining and quarrying that was made using steel produced through a novel process involving green hydrogen. Volvo’s announcement this week that it has produced the world’s first vehicle made […]

October 15, 2021 Read More →

European Union plans push for end to Arctic fossil fuel production

Nikkei Asia ($): The European Union is to push for an end to the exploitation of Arctic gas, oil and coal even as energy shortages rock countries and companies across the world, according to a draft new bloc strategy for the polar region. Brussels plans talks with partners over a possible multilateral ban on the […]

October 13, 2021 Read More →

Vattenfall plans to re-use, recycle or recover used wind turbine blades

ReNews.biz: Vattenfall has committed to a landfill ban for end of life wind turbine blades. Instead it will re-use, recycle or recover 100% of decommissioned wind turbine blades from owned wind farms.  The Swedish developer is aiming for a 50% recycling rate of wind turbine blades by 2025 , rising to 100% by 2030    It said […]

October 13, 2021 Read More →

Orsted submits environmental report for 1.5-gigawatt offshore farm

offshoreWind: Leading offshore wind developer Ørsted has submitted an environmental report for the 1.5 GW Skåne Havsvindpark wind farm project offshore Sweden. The submission of the report was preceded by surveys and a thorough environmental impact assessment (EIA), the developer said. Skåne offshore wind farm is planned in the Baltic Sea, approximately 22 kilometers south […]

September 30, 2021 Read More →

Sweden’s Vattenfall moves net zero pledge forward to 2040

Reuters: Swedish energy company Vattenfall said on Monday it increased its emission reduction goals for 2030 and brought forward its net zero target by 10 years to 2040, by phasing out coal and increasing wind and solar capacity. “The climate crisis is for real and not only do we have a responsibility to step up […]

September 20, 2021 Read More →

Iberdrola plans 6 gigawatts of offshore wind development in Taiwan

REVE: Iberdrola has continued its expansion in the Asia-Pacific region with the announcement of three new offshore wind development projects in Taiwan, with potential capacity of approximately 6 gigawatts (GW). The projects are named Da-Chung Bu Offshore Wind, Guo-Feng Offshore Wind and Ju-Dao Offshore Wind and will be located in the county waters of Taichung, […]

September 10, 2021 Read More →

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 →