U.S.

IEEFA Research

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

An ‘essential industry’ to the U.S. economy runs in the dark

October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]

IEEFA U.S.:  Pension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount

IEEFA U.S.: Pension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount

Declining demand for coal plants, credit agency downgrades and investor scrutiny create challenges for Lightstone investment prospects

October 14, 2021 (IEEFA) — The major pension and retirement funds that own a piece of the General J.M. Gavin (Gavin) coal plant in Ohio face increasing challenges from their investment. Most investors do not know that they own a share of the plant and some are just beginning to realize it, according to an […]

IEEFA: Review of U.S. coal leasing program misses the point, may slow energy transition

IEEFA submits comments to Bureau of Land Management on coal leasing program

October 1, 2021 (IEEFA) – The United States government should not spend any time reforming the coal leasing process because new coal leases are no longer needed, according to comments submitted to the United States Bureau of Land Management by the Institute for Energy Economics and Financial Analysis. “As the owner of the coal reserves, […]

IEEFA: Guyanese oil deal tax incentives raise income reporting concerns

IEEFA: Guyanese oil deal tax incentives raise income reporting concerns

Government pays annual income taxes for ExxonMobil, Hess and CNOOC

September 28, 2021 (IEEFA) — Guyana is giving tax breaks worth at least USD$1.7 billion over five years to three of the world’s largest oil companies, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Tax concessions granted to ExxonMobil, Hess and the China National Offshore Oil Company (CNOOC) by […]

and September 28, 2021 Read More →
IEEFA: U.S. push for LNG in the Philippines paints unrealistic picture of global prices and market viability

IEEFA: U.S. push for LNG in the Philippines paints unrealistic picture of global prices and market viability

Overly optimistic claims about financial, economic and environmental benefits of LNG

Sept. 23, 2021 (IEEFA) – A recent white paper sponsored by the U.S. Agency for International Development (USAID) promotes the benefits of liquefied natural gas in the Philippines. The report, however, is based on questionable assumptions about global LNG prices, long-term demand and market viability of U.S. exports to price-sensitive countries in Asia, according to […]

and September 23, 2021 Read More →
IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

Accommodating the gas sector risks diluting standards and discouraging new pools of green capital

21 September 2021 (IEEFA Asia): Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG […]

and September 21, 2021 Read More →

IEEFA U.S.: Municipal ratepayers face mounting costs from expensive American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

IEEFA U.S.: LNG newcomer Tellurian asks investors to gamble on Driftwood project

IEEFA U.S.: LNG newcomer Tellurian asks investors to gamble on Driftwood project

Tellurian’s history, finances and new LNG deals raise questions about profitability

August 31, 2021 (IEEFA) — At first glance, Tellurian Inc.’s proposed Driftwood liquefied natural gas (LNG) project looks like a cause for optimism for the U.S. LNG market after a dismal 2020 saw demand and prices plummet while the COVID-19 pandemic raged. However, a closer look at Tellurian’s history, finances and structure of its newly […]

IEEFA: Despite strong Q2, ExxonMobil upstream continues to underwhelm

IEEFA: Despite strong Q2, ExxonMobil upstream continues to underwhelm

Exxon’s U.S. upstream division makes up little ground in the Permian Basin

August 9, 2021 (IEEFA) – ExxonMobil’s U.S. upstream operations have yet to regain their footing after a decade of turmoil. While the second quarter of 2021 was the company’s best in years, ExxonMobil has invested $61.5 billion on U.S. upstream capital projects since 2013, only to report $5.3 billion in cumulative losses. These losses may […]

IEEFA U.S.: Texas confronts decline in oil and gas industry

IEEFA U.S.: Texas confronts decline in oil and gas industry

Analysis of long-term trends indicates slower growth, fewer jobs and lower tax contributions

July 28, 2021 (IEEFA) ⎼ Texas policymakers, regulators and public opinion have long held that “what’s good for oil is good for Texas.” But Texas’s economy has become more broad-based and the oil and gas sector’s proportionate contribution has declined. State leaders face a new set of facts on the ground about the future of […]

More News and Commentary

Puerto Rico grid woes lead to grassroots push for more renewables

The Guardian: Rosalina Marrero spends the best part of each day ironing and watching telenovelas at her modest bungalow in Puerto Rico’s coastal Guayama province. When it gets too hot or her asthma plays up due to the toxic coal ash from the nearby power plant, the 78-year-old widow rests on an adjustable hospital bed, […]

October 18, 2021 Read More →

Largest India conglomerate plans sixfold boost in renewables by 2030

Nikkei Asia ($): Looking to scale up its green energy portfolio from 4 gigawatts at present to 25 GW by 2030, Indian electricity producer Tata Power is betting heavily on the “huge potential” that the South Asian nation of over 1.3 billion people offers in the field of renewable energy. “For a country like India, […]

October 18, 2021 Read More →

Battery retrofit for solar plant to boost Vietnam renewable projects

Energy Storage News: A battery energy storage system (BESS) will be retrofitted to a utility-scale solar PV power plant in Vietnam, in a pilot project aimed at supporting the spread of renewable energy in the country while reducing power losses.  A grant for US$2.96 million has been awarded by the US Consulate General in Ho […]

October 18, 2021 Read More →
IEEFA U.S.:  Pension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount
, , and

IEEFA U.S.: Pension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount

Declining demand for coal plants, credit agency downgrades and investor scrutiny create challenges for Lightstone investment prospects

October 14, 2021 (IEEFA) — The major pension and retirement funds that own a piece of the General J.M. Gavin (Gavin) coal plant in Ohio face increasing challenges from their investment. Most investors do not know that they own a share of the plant and some are just beginning to realize it, according to an […]

IEEFA Letter to Biden Administration: Invest FEMA funds in resilient Puerto Rico electric grid

IEEFA Letter to Biden Administration: Invest FEMA funds in resilient Puerto Rico electric grid

IEEFA urges using FEMA funds to align with Puerto Rico's and Biden Administration's energy policies

To Whom It May Concern: I am writing to express my concern with the pending use of billions of dollars of FEMA funds for Puerto Rico’s electrical system. Puerto Rico’s plan is bad economic and fiscal policy and makes a mockery of the Biden administration’s climate policy goals of decarbonizing the nation’s electricity sector by […]

October 14, 2021 Read More →

IEEFA: Spiking coal prices: Don’t blame the energy transition

Volatility highlights urgency for renewables-based energy solutions

“Energy crisis.” The phrase evokes nearly-forgotten images of gasoline queues in the 1970s, but increasingly describes the spike in global fossil fuel prices. A handful of commenters eagerly lay the blame on renewable energy, which they claim has distracted the world’s attention from investments in oil, gas, and coal production that could have calmed markets. […]

IEA: Renewable energy investment must triple by end of decade

Reuters: Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday. “The world is not investing enough to meet its future energy needs … transition‐related spending is gradually […]

October 13, 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 →

China launches first 100-gigawatt desert renewables phase

PV-Tech: China has started building work on the first 100GW phase of a solar and wind buildout that is likely to see hundreds of gigawatts deployed in the country’s desert regions. Speaking via video link at a United Nations Biodiversity Conference today (12 October), Chinese President Xi Jinping said construction on the initial phase, which […]

October 13, 2021 Read More →

Illinois city to close coal plant two years early rather than repair it

S&P Capital IQ ($): The city of Springfield, Ill., is closing a unit of the Dallman coal plant early, citing repair costs. The city said the 192-MW Unit 33, located in the Midcontinent ISO’s territory, was initially scheduled to close Sept. 15, 2023. Damage to the unit in June forced the generator offline, necessitating repairs […]

October 12, 2021 Read More →