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Major U.S. pension fund warns ExxonMobil on path to Blockbuster fate

Bloomberg ($): Exxon Mobil Corp. has failed to embrace new, climate-conscious directors and is in danger of going the way of Eastman Kodak Co. and Blockbuster Video if it sits out the transition away from fossil fuels, said CalSTRS Chief Investment Officer Christopher Ailman.  The nation’s second biggest public-pension fund supported activist investor Engine No. […]

January 3, 2022 Read More →

ReNew Power commissions 300-megawatt solar farm in India

ReNews.biz: ReNew Power has commissioned a 300MW solar plant in India, taking its total operating capacity to 7400MW. The SECI-6 solar plant forms part of a 1.5GW of renewable energy projects installed this fiscal year, despite challenges related to covid-19 and supply chain disruptions. ReNew is on track to meet its goal of 8.2GW of […]

December 22, 2021 Read More →

Solar and wind continue to be cheaper in Australia than coal and gas

Renew Economy: Wind and solar continue to reign supreme as Australia’s cheapest sources of new electricity generation, with the latest assessment from the CSIRO confirming that renewables continue to outcompete coal and gas. On Friday, the CSIRO released a consultation draft of the latest iteration of its annual GenCost assessment, which calculates and projects the […]

December 17, 2021 Read More →

New York City approves ban on use of natural gas in new buildings

Reuters: The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy. New buildings in the biggest U.S. city with 8.8 million residents will have to use […]

December 16, 2021 Read More →

Adani signs deal to sell power from India’s largest clean-energy project

Bloomberg ($): Adani Green Energy Ltd. signed a deal to sell power from about 4.7 gigawatts of solar power from India’s largest clean-energy project as the country aims to accelerate the adoption of renewables.  The agreement with state-run Solar Energy Corp. of India means the Adani Group unit has secured takers for almost 6 gigawatts […]

December 14, 2021 Read More →

Northern Territory will fast-track 10-gigawatt green hydrogen process

Renew Economy: The Northern Territory government will fast track the planning process for the massive 10GW Desert Bloom green hydrogen project, that will seek to produce renewable hydrogen using water drawn from the air. The $15 billion project is being developed by Aqua Aerem in the middle of the Australian outback, and would use huge […]

December 13, 2021 Read More →

Australia on track to end coal-fired power generation by 2043

Reuters: Australia can phase out coal-fired power by 2043 even as electricity demand soars, the energy market operator said on Friday in a draft plan for electricity investments that will be needed to achieve net zero carbon emissions by 2050. The base case for the Australian Energy Market Operator’s (AEMO) plan sees a rapid transformation […]

December 10, 2021 Read More →
IEEFA Europe: Proposed INEOS cracker plant would oversupply ethylene market
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IEEFA Europe: Proposed INEOS cracker plant would oversupply ethylene market

INEOS Project ONE in Antwerp conflicts with EU’s aggressive program to reduce plastics use

December 9, 2021 (IEEFA) — INEOS Group’s proposed Project ONE ethane cracker plant in Antwerp, Belgium, is a risky venture in an already well-supplied market, according to a briefing note by the Institute for Energy Economics and Financial Analysis. If approved, the project would appear to be at odds with the European Union’s aggressive long-term […]

Australian company plans 1-gigawatt Tasmanian offshore wind farm

Renew Economy: A new Australian company called Nexsphere has unveiled plans to build an “over-the-horizon” wind farm of up to 1GW off the coast of north-east Tasmania, the latest in a string of offshore wind proposals emerging after the passage of legislation in federal parliament. The Bass Offshore Wind Energy project will be sized between […]

December 9, 2021 Read More →

AGL signs deal with Forrest to convert Hunter Valley into hydrogen hub

Renew Economy: Australia’s biggest polluter AGL Energy has struck a deal with iron ore billionaire and green hydrogen evangelist Andrew Forrest to turn its Hunter Valley coal fired power stations into a major renewable hydrogen and industrial hub. The vision shared by AGL and Forrest’s Fortescue Future Industries is to power the “Hunter Energy Hub” […]

December 8, 2021 Read More →