Carbon capture and storage

IEEFA Research

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

Leaving the ‘dirty’ gas in the ground might now be the best course of action

20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]

IEEFA: Indonesia’s state-owned utility PLN’s 2060 net zero ambition not without flaws and gaps

IEEFA: Indonesia’s state-owned utility PLN’s 2060 net zero ambition not without flaws and gaps

Indonesia on the right emissions reduction pathway but same old coal stories persist

25 June (IEEFA Indonesia):  Recent announcements by Indonesia’s state-owned utility company Perusahaan Listrik Negara (PLN) to achieve carbon neutrality by 2060 must be met with caution and scrutinized as the numbers don’t stack up, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report’s authors IEEFA energy finance […]

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

Enchant Energy’s carbon capture project is significantly behind schedule as it struggles to secure investors

May 27, 2021 (IEEFA) – Enchant Energy and the City of Farmington have failed to convince potential investors that retrofitting New Mexico’s San Juan Generating Station for carbon capture is financially viable, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).  The project, which has yet to secure the funds […]

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections

April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. SaskPower, the operator of the Boundary Dam 3 coal plant, said March 31 that its […]

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

With ASX enforcing continuous disclosure provisions gas companies must release modelling on carbon price sensitivity

14 April 2021 (IEEFA Australia): Investors are in the dark about the financial implications of emissions from Woodside’s proposed Scarborough gas field in the offshore North West Shelf, Western Australia, as the company has yet to release its carbon price sensitivity modelling, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished

October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]

and October 12, 2020 Read More →
IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

Barriers include recent failure of similar experimental project, oppositional market forces, no known investors, no customer base, nowhere to sequester emissions

Sept. 16, 2020 (IEEFA) — The proposed retrofit with carbon capture technology of a coal-fired power plant in San Juan County, N.M., shows dwindling chances of success, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The analysis concludes that the plan is most likely a lost […]

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

Red flags for investors - risks for Enchant Energy’s initiative in New Mexico and Project Tundra in North Dakota

August 3, 2020 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that the abrupt recent shutdown of the Petra Nova coal-fired carbon capture plant in Texas should be seen as a strong signal for investors to avoid such projects. The report—Petra Nova Mothballing Post-Mortem: Closure […]

IEEFA Australia: Carbon capture and storage is a poor investment

More money and emissions spent on projects than in storing carbon

2 July 2020 (IEEFA): Australia is pondering carbon capture and storage despite poor outcomes from the only two projects operating world-wide and a lack of revenue generated in lieu of a carbon price, finds a new IEEFA briefing note. Author of the note Clark Butler says from a financial perspective, carbon capture and storage (CCS) […]

More News and Commentary

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

Leaving the ‘dirty’ gas in the ground might now be the best course of action

20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]

WSJ: ExxonMobil board mulls scrapping Vietnam, Mozambique projects

Wall Street Journal ($): Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter. Members of the board—which includes three directors successfully nominated by an activist investor […]

October 20, 2021 Read More →

Ford Foundation to divest from coal, oil and natural gas

Associated Press: The Ford Foundation, one of the largest private foundations in the United States, announced Monday that it will divest millions from fossil fuels, following similar investment decisions made by other sizable foundations in recent years. For years, climate activists have put pressure on endowed institutions, like Ford, to end their investments in companies […]

October 19, 2021 Read More →

Solar investments produce 2.7 times more jobs than fossil fuel work

Huffington Post: As Congress debates whether to pare down the Biden administration’s signature climate proposals or allow the fossil fuel industry to benefit more from new government programs, new research suggests doing so would create far fewer jobs. For every million dollars the United States government invests, solar produces over 2.7 times more jobs than […]

October 18, 2021 Read More →

Investors shying away from planned $1 billion carbon capture project in North Dakota

S&P Global Market Intelligence ($): The U.S. has seen lawmakers from both parties agree that carbon capture is one important way to rein in greenhouse gas emissions and rural communities are rallying around plans to retrofit large American coal power plants with the technology to save jobs. But one of the most high-profile carbon capture […]

October 15, 2021 Read More →
IEEFA U.S.: Southern Company demolishes part of the $7.5 billion Kemper power plant in Mississippi

IEEFA U.S.: Southern Company demolishes part of the $7.5 billion Kemper power plant in Mississippi

Kemper plant is a cautionary tale of runaway costs and failed promises

Two explosions rocked the Kemper power plant on Saturday as can be seen from footage posted on Twitter. The images dramatize the demise of a “clean coal” project that eventually ballooned in cost from an estimated $3 billion to $7.5 billion.  Driven by hubris and greed, and despite repeated warnings about the risks involved in […]

October 14, 2021 Read More →

Oil companies ask Canada for 75% of carbon capture construction costs

Reuters: Oil and gas companies have asked the Canadian government to design a tax credit to pay for 75% of the cost to build carbon capture facilities that will curb greenhouse gas emissions, the country’s main energy industry group said on Thursday. The Canadian Association of Petroleum Producers (CAPP) made the request in August to […]

October 8, 2021 Read More →

Iron ore giant Fortescue pledges to decarbonize operations by 2040

Renew Economy: Fortescue Metals Group has become one of the first of Australia’s major industrial operators to commit to fully decarbonise its operations and supply chains, including a shift to coal-free steel processing and hydrogen-fuelled shipping. In a statement released to the ASX on Tuesday, the iron ore giant said it would adopt a net […]

October 5, 2021 Read More →

Morrison boosts support for carbon capture with tax credits

The Guardian: The Morrison government has increased support for controversial fossil fuel projects that promise to capture and store carbon dioxide emissions by approving a plan to award them carbon credits. It followed the oil and gas company Santos saying a proposed carbon capture and storage (CCS) project at its Moomba gas well in South […]

October 4, 2021 Read More →

Arctic oil majors Rosneft, Equinor sign joint deal to reduce carbon

The Barents Observer: The two companies that over the past ten years have been engaged in close cooperation on oil drilling, exploration and production say they now intend to take joint action on carbon management. An agreement signed by the companies on the 28th September includes an ambition to “develop low carbon solutions and reduce […]

September 30, 2021 Read More →