Time: Indian tycoon Mukesh Ambani unveiled an ambitious push into clean energy involving 750 billion rupees ($10.1 billion) of investment over three years, marking a new pivot for one of the world’s biggest fossil-fuel billionaires. Reliance Industries Ltd., which gets 60% of its revenue from oil refining and petrochemicals, plans to spend 600 billion rupees […]
Narwhal: In mid-May, beleaguered coal company Coalspur Mines Ltd — the company behind the contentious Vista thermal coal mine in Alberta — received an ominous letter. The letter came from U.S. Bank, the company’s supplier of corporate credit cards. Its subject was clearly written across the top, in bold, underlined letters: “TERMINATION NOTICE.” The company’s […]
World Pipelines: The ruling is important for two reasons. First, it rejected FERC’s decision to base its finding of necessity for a new pipeline solely on a contract between the pipeline sponsor and its own affiliate company as customer for the gas. Second, and perhaps most importantly, it chastised FERC for deferring completely to the […]
Radio Free Asia: Japan has launched a $10 billion fund to promote clean energy in Southeast Asia, amid growing signs that the world’s third-largest economy is shifting away from the investments in coal-fired power generation still heavily promoted by its key strategic rival for regional influence – China. The Asia Energy Transition Initiative (AETI), launched […]
SP Global: Hydrogen will have to leap a significant hurdle to compete with other long-duration energy storage options as the transition to renewable electric power generation accelerates. While the production and storage of hydrogen have the potential to store excess renewable electric power over long periods of time, the process is far less efficient than […]
Responsible Investor: Investment behemoth Vanguard has been accused of falling behind its peers on climate due to its major fossil fuel exposure and the absence of clear policies to address climate risks. [Khalid Azizuddin] More: Vanguard warned over $300bn fossil exposure and ‘lack of clear climate policies’
Yahoo Finance: Fund managers are increasingly grappling with fragmented policies in China’s $113 billion green bond market that can make it hard to assess just how much of that money is going to projects to help the environment. The country aims to be carbon neutral by 2060, a push that’s fueled a 248% jump in […]
