IEEFA In the News

Formosa Plastics isn’t concerned about health of St. James Parish

The Advocate: On March 22, The Advocate urged readers “to pity poor St. James Parish in the crosshairs of a powerful member of Congress,” referring to U.S. House Committee on Natural Resources Chair Rep. Raul Grijalva. The editors fail to recognize that it’s the Formosa Plastics Corp. that fails to have the interests of St. […]

April 9, 2021 Read More →

Virginia gubernatorial candidates battling for climate change proposals

Patch Virginia: With early voting beginning later this month in the gubernatorial primary, candidates for Virginia’s highest political office are already off to the races. As candidates work to carve out a niche for themselves among the crowded field, they are turning to climate change to make their boldest proposals. A few weeks ago, my […]

April 9, 2021 Read More →

Puerto Rico faces uphill battle to hit 2025 renewables target

IHS Markit: US commonwealth Puerto Rico is striving for a fossil fuel-free power sector by 2050, with an interim goal of sourcing 40% of its electricity from renewables in 2025. The goal may prove to be insurmountable unless the island is able to make major upgrades to its power grid and rapidly install new capacity, […]

April 9, 2021 Read More →

India policy encourages private coal mining for COVID recovery

Townhall: India is just one of an increasing number of “developing” nation which have recognized that the mad rush toward a “net zero carbon” economy does not serve the interests of their ordinary citizens. These countries are also waking up to the fact that serving the public interest necessitates major increases in abundant, affordable, reliable, […]

April 9, 2021 Read More →

Anglo demerger displays risks of waiting too long to drop coal

Financial Times ($): Miners like mines.  They like planning them. They like building them. They like running them. They don’t like selling them. In fact, they find it so difficult they sometimes end up giving them away. Anglo American is handing its South African thermal coal assets to its own shareholders, in the form of […]

April 8, 2021 Read More →

Texas government threatens new costs on renewable power plants

Financial Times ($): An alliance of Wall Street and big tech is warning the Texas government against imposing new costs on renewable power plants as the blame game over the state’s winter blackouts intensifies. Companies ranging from Goldman Sachs and JPMorgan Chase to Amazon and Google, and including Warren Buffett’s Berkshire Hathaway Energy, are trying […]

April 8, 2021 Read More →

New Texas wind generation record highlights importance of renewables

Renew Economy: As more information slowly emerges from the massive, historically significant blackout that occurred in Texas in February this year, some confusion has emerged alongside. The blackout lasted several days, resulted in several deaths, significant economic impacts and has had many political, social and economic flow-on impacts since. Most recently, it was revealed that […]

April 8, 2021 Read More →

India coal stockpile hits record 132 million tons

NS Energy: India is currently holding record levels of stockpiled coal, lowering the need for the country to open up new domestic mines, says a briefing note. The analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) shows that the South Asian nation has stockpiled 132 million tonnes of coal – enough to […]

April 8, 2021 Read More →

IEEFA, EWG make case for financial decline of oil industry

Environmental Working Group: The oil and gas industry, from extraction to transportation to refining, is no longer the profitable and financially stable enterprise it long was. Over the past decade, the industry’s profits have sagged, revenues and cash flows have withered, bankruptcies have abounded, stock prices have fallen, massive capital investments have been written off […]

April 7, 2021 Read More →

ERCOT wind power hits 10.4 million MWh, 2 million above old record

Elektrek: In March, Texas grid operator ERCOT’s wind power generation smashed its previous record. Wind topped 10.4 million megawatt-hours (MWh) during the month, which is 2 million MWh above its previous high set in December 2020, according to data from the Energy Information Administration’s hourly electric grid monitor.  That output pushed wind’s share of the […]

April 7, 2021 Read More →