IEEFA In the News

FERC weighs changes to pipeline guidelines, opens public comments

Energywire:  As the Federal Energy Regulatory Commission weighs changes to its natural gas pipeline reviews, it’s grappling with a key question: How should it determine whether a project is needed? For years, the agency has signed off on proposals if developers could prove they had customers ready to reserve capacity on their pipeline. But critics […]

May 28, 2021 Read More →

Tumultuous week for Big Oil shows changing tides

Time: The questions about climate change for ExxonMobil Chairman and CEO Darren Woods came in rapid succession during Wednesday’s virtual meeting for shareholders. How does the company view a recent report saying the world doesn’t need new investment in oil exploration? Why isn’t the company jumping into renewable energy? And why is ExxonMobil investing in […]

May 27, 2021 Read More →

Dutch court hands Shell major loss in grim week for Big Oil

France 24: Dutch courts on Wednesday condemned Shell to reduce its CO2 emissions by 45% by 2030. The oil group was accused by a collective of environmental NGOs of not doing enough to align with the Paris agreement. Dutch courts ruled: the oil group Shell was ordered, Wednesday, May 26, to reduce its CO 2 […]

May 26, 2021 Read More →

Canada federal budget includes ‘wild card’ carbon research, invests in carbon capture utilization and storage (CCS)

The Record:  If we are going to achieve net-zero emissions in Canada to deal with our climate crisis, we need both the tried and true methods as well as “wild cards,” advises the Canadian Institute of Climate Choices. The new federal budget seems to reflect that advice. Billions of dollars are going to tried-and-true carbon […]

May 26, 2021 Read More →

Asian Development Bank shuns coal investment, cites declining industry, lack of demand and debt worries, may move to gas investment

Energy Tracker Asia:  Owing to the decline in coal demand and strong criticism by climate institutions, global financiers across the world have started distancing themselves from fossil fuel investments. In its recent draft energy policy, the Asian Development Bank (ADB) declared that it will not indulge in coal financing. However, the Philippines-based global bank stated […]

May 26, 2021 Read More →

Economic decline spurs Luma Energy’s PREPA takeover on June 1

Bloomberg:  Puerto Rico will take a major step toward transforming its government-owned power provider next week as Luma Energy is set to begin operating and managing the utility, part of the commonwealth’s plan to rehabilitate its aging system and end chronic outages. Luma is poised on June 1 to take over transmission and distribution for […]

May 26, 2021 Read More →

Guyanese citizens push back on ExxonMobil expansion, demand right to healthy environment

Grist:  Guyanese citizens have filed a constitutional case that pushes back on industry giant ExxonMobil’s plans to boost fossil fuel production off the country’s coast — charging that the expansion violates citizens’ constitutional rights to a healthy environment and the rights of future generations.  The case, filed by University of Guyana scientist Troy Thomas and […]

May 25, 2021 Read More →

Bangladesh’s drive toward zero carbon must address overcapacity issue

The Business Standard:  The upcoming power master plan should address the issues of overcapacity and expensive energy sources to bring financial stability in the power sector, said the US-based Institute for Energy Economics and Financial Analysis (IEEFA) in a report. The report said the Integrated Energy and Power Master Plan would have to align with […]

May 24, 2021 Read More →

Libertad Power Project sets ambitious goal for New Mexico hydrogen plant

Governing:  A team of veteran energy developers is putting the building blocks in place to potentially convert San Juan County, N.M., into a “hydrogen hub” to supply clean electricity to western utilities, plus non-carbon fuel for vehicles and industrial processes. Libertad Power Project LLC says it could have its first hydrogen-fueled generating station up and […]

May 24, 2021 Read More →

Vietnam Bets on Solar as Banks Move Away From Coal

Bloomberg: Nguyen Tuan was watching the sun shine down on his four-hectare cantaloupe farm in southern Vietnam when he realized it could do more than help his crops grow. The 46-year-old installed 40 solar panels on greenhouses at his farm 55 miles outside of Ho Chi Minh City. Thanks to generous subsidies from the national […]

May 20, 2021 Read More →