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

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 […]

Bechtel, Hexicon team up to develop Swedish firm’s novel two turbine floating wind platform

Riviera Maritime Media: Hexicon, the Swedish floating wind company, and engineering, construction and project management company Bechtel have joined forces to deliver large-scale floating wind projects in the UK and elsewhere. The initial partnership between the companies will draw on Bechtel’s engineering, construction, and project financing expertise to develop the design and constructability of an […]

March 17, 2021 Read More →

Vattenfall to turn closed Moorburg coal plant into a green hydrogen hub

Bloomberg: Vattenfall AB plans to turn the site of its recently shuttered Moorburg coal power plant in northern Germany into a hub for turning wind and solar power into hydrogen. The Swedish state-owned utility is riding the growing enthusiasm for hydrogen, with many countries seeing the clean fuel as key to a low-carbon economy. Governments […]

January 22, 2021 Read More →

IEEFA Update: Coking coal’s decline likely to follow the path of thermal coal’s progressive demise

Technology disruption the likely theme of global energy markets in 2021

There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]

December 22, 2020 Read More →

Amazon signs global deals for 3.4GW of new renewable energy generation

S&P Global Market Intelligence ($): Amazon.com Inc. signed contracts to purchase power from 26 renewable energy projects on four continents totaling 3.4 GW, as part of its target to achieve net-zero carbon emissions by 2040. The wind and solar projects are located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K. and the U.S. […]

December 10, 2020 Read More →
IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits
, and

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 […]

Europe’s installed floating offshore wind capacity could hit 7GW by 2030, trade group says

Offshore Wind Journal: WindEurope chief executive Giles Dickson says floating offshore wind has “huge growth potential, is no longer a niche technology,” and commercial-scale projects are ready to be built. Speaking at the FOWT 2020 in Marseille, France, Mr. Dickson told delegates that floating wind has matured and achieved significant cost reductions over the past […]

September 10, 2020 Read More →

Vattenfall wants to close 1.6GW Moorburg coal plant in Germany

Clean Energy Wire: Swedish utility Vattenfall wants to shut down its youngest and most efficient coal-fired power plant in Germany because it is unprofitable. After participating in the first hard coal phase-out tender, CEO Magnus Hall said that if his company’s bid is successful, the 1.6 gigawatt Moorburg plant in the city of Hamburg would […]

September 8, 2020 Read More →

Green steel pilot project begins operating in Sweden

Reuters: Swedish green steel venture HYBRIT, owned by SSAB, state-owned utility Vattenfall and miner LKAB, on Monday started test operations at its pilot plant for fossil-free steel in Lulea, Sweden. A successful development of the HYBRIT project could have big implications for efforts to cut carbon dioxide emissions, with SSAB alone accounting for 10% of […]

August 31, 2020 Read More →

RWE targeting renewables, hydrogen for future growth opportunities

S&P Global Market Intelligence ($): It still owns one of Europe’s largest coal power fleets and ranks among the continent’s biggest carbon emitters, but on RWE AG’s half-year earnings call, the focus was squarely on renewable energy. Through its green power unit, RWE Renewables GmbH, the company is chasing more capacity development and portfolio acquisitions […]

August 14, 2020 Read More →