IEEFA In the News

Indian renewable energy projects get $1.2 B from UK investments

Saur Energy International:  At the 11th India-UK Economic and Financial Dialogue (EFD) held yesterday, Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak signed off a $1.2 billion package of public and private investment in green projects and renewable energy to boost India’s green growth ambitions. The dialogue saw the announcement of new steps to […]

September 3, 2021 Read More →

Federal government approves Wollongong Coal expansion

ABC News: The Federal Environment Minister, Susan Ley has granted final approval for Wollongong Coal’s Russell Vale Colliery extension.  Wollongong Coal Limited (WCL) wants to extract an additional 3.7 million tonnes of metallurgical coal from the colliery 8 kilometres north of Wollongong over the next five years. It said the project could provide up to […]

September 3, 2021 Read More →

U.S. Bureau of Land Management opens public comment period for renewable energy permitting process

Taiyang News:  The US Bureau of Land Management (BLM) is revising regulations to make federal land available for renewable energy by easing permitting processes. For this it is seeking public opinion and is organizing 4 listening sessions between September 14, 2021 and September 26, 2021. According to the agency, regulations to be revised relate to […]

September 3, 2021 Read More →

Cleveland Public Power faces obstacles to address ratepayer concerns

Cleveland: Cleveland residents are frustrated with Cleveland Public Power. We face expensive bills, unreliable service, and power purchased from environmental polluters. Despite these problems, CPP could provide lower costs and consistent service from clean sources. By contrast, FirstEnergy rips off ratepayers through corruption and launched dark money attacks on CPP. But an obstacle to CPP […]

September 2, 2021 Read More →

Nasdaq deals major setback to Tellurian bond offering

Energy Voice:  The LNG developer had hoped to carry out an underwritten public offering of $50 million of senior notes, at 8.25%, due in 2028. The company priced the notes on August 26 but had to drop its plans on August 31. It was to offer the notes in the “baby bond” market, available to […]

September 1, 2021 Read More →

South Korea shows bullish views toward international fossil fuel investments

Eco Business: In recent years, South Korea’s rampant state funding of overseas coal power plants earned it a reputation as one of the world’s worst climate villains. But the colossal sums pumped into the dirty fuel over the past decade have been eclipsed by finance funnelled to oil and gas, according to a new analysis […]

August 31, 2021 Read More →

Angus Taylor proposes tax to keep Australian coal and gas-fired power plants operating

Crikey: Angus Taylor’s proposed “CoalKeeper” tax on electricity bills could significantly outstrip the impact of the Gillard government’s carbon price, forcing up household electricity prices by at least 14%. The tax, which would pay to subsidise the Coalition’s fossil fuel donors to keep uncommercial coal and gas-fired power plants operating even if the electricity they […]

August 30, 2021 Read More →

Connexus Energy seeks to cut ties with Great River Energy, hopes to reduce electricity costs

Inside Climate News:  The largest electric cooperative utility in Minnesota announced Monday morning that it wants to end its membership with the power plant operator Great River Energy, a move that follows a clash over whether to sell, or close, a large coal-fired power plant in North Dakota. Connexus Energy, which serves about 138,000 customers […]

August 30, 2021 Read More →

Australian fossil fuel subsidies likely to raise electricity bills

Renew Economy:  Angus Taylor’s ‘capacity market’ plan for households to pay to keep old coal plants running until they fall apart and are required to close, even if they’re grossly inefficient, will increase consumers’ electricity bills, not lower them. IEEFA has calculated that households are likely to see increases in their electricity bills of between […]

August 27, 2021 Read More →

Guyana’s oil prospects curbed by ExxonMobil contract provisions

Market Screener:  Bharrat Jagdeo, the Vice-President of Guyana, has expressed confidence that his country’s burgeoning oil industry will help pave the way for economic growth and improvements in the standard of living. Speaking during an online presentation at the Offshore Technology Conference in Houston last week, Jagdeo said that Guyana’s population, which numbers around 800,000, […]

August 27, 2021 Read More →