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IEEFA Research

IEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results

IEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results

Data suggests that ExxonMobil is underperforming in the Permian Basin

June 9, 2021 (IEEFA) – ExxonMobil’s claims that its Permian Basin oil and gas reserves are world-class will need the immediate attention of the new board, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). In recent investor presentations, ExxonMobil has highlighted the superior performance of its oil wells […]

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

There is no second life for coal

6 May 2021 (IEEFA Pakistan): Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore a second […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

More News and Commentary

NRG plans closure of PJM coal plants in Illinois, Delaware

Power Magazine: NRG Energy Inc. said it will retire three coal-fired power plants—two in Illinois and one in Delaware—next year after disappointing results in the May 2021 capacity auction for the PJM Interconnection. NRG during its June 17 investor day presentation said about 1.6 GW of coal-fired generation would be closed, including the 682-MW Waukegan […]

June 18, 2021 Read More →

Bond investors beginning to focus on ESG benefits

Bloomberg ($):  Here’s a bit of good news from ESG land, a place all too often marked by overly-enthused press releases, limited oversight and a patchwork of regional rules and incentives that can sometimes result in worse outcomes for the planet. ESG concerns finally seem to be showing up in the funding costs for oil […]

June 18, 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 →

Texas passes law banning investments with fossil divesting businesses

Bloomberg ($):  Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels. Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy […]

June 16, 2021 Read More →

More than half of China overseas coal plant projects nixed since 2014

Bloomberg: Over half of the Chinese-backed overseas coal-fired power plant projects have been shelved or canceled over the past six years, underscoring the rising forces against coal investments globally. Of the 52 projects with Chinese financing announced between mid-2014 and the end of last year, 25 have been shelved and eight have been canceled, according […]

June 16, 2021 Read More →

White House mulls using financial regulation to raise fossil capital costs

Houston Chronicle:  The Biden administration, facing a Congress unlikely to take significant action on climate change, is considering reaching beyond environmental law to establish tough, new financial regulations that raise the capital costs of the nation’s fossil fuel industries. To accomplish the president’s agenda of dramatically lowering greenhouse gas emissions, the Securities and Exchange Commission, […]

June 15, 2021 Read More →

U.S. on track for record-breaking growth of solar installations

Reuters: U.S. solar installations are on track for record-breaking growth over the next three years, a view that could be challenged by soaring project costs or accelerated by new subsidies championed by the Biden administration, according to an industry report released on Tuesday. In the first quarter, solar installations soared 46% to more than 5 […]

June 15, 2021 Read More →

Asia continues to lead in number of 1GW+ solar projects in pipeline

PV Tech:  Asia boasts a growing number of markets with solar development pipelines in excess of 1GW, a new report by Fitch has found, with the region dominating the consultancy’s project database analysis this year. While solar development in Asia is of course dominated by China, Fitch noted that ten markets in the continent hold […]

June 15, 2021 Read More →

Illinois lawmakers to vote in special session on landmark climate bill

Public News Service: Lawmakers are returning to Springfield for a special session this week for a vote on the Clean Energy Jobs Act, aimed at decarbonizing the economy and bringing clean-energy jobs to Illinois. Jack Darin, director of the Sierra Club Illinois Chapter, said the landmark climate bill was poised to pass at the end […]

June 15, 2021 Read More →

Mozambique launches construction on first solar+storage project

Energy Storage News: Mozambique’s energy and mineral resources minister attended a ceremony to mark the start of construction on the first solar project in the country to be paired with utility-scale battery energy storage. Minister Ernesto Max Tonela made the ceremonial first solar panel installation at Cuamba Solar PV plant, which will combine 19MWp (15MWac) […]

June 15, 2021 Read More →