IEEFA In the News

Santos’ $4.7 billion Barossa gas field could produce more CO2 than LNG, report says

Iron ore magnate Andrew Forrest has attacked Santos over its plans to develop a new gas field in the Timor Sea “Santos is about to kick off one of the most polluting projects in the world,” Mr Forrest told Nine newspapers. Santos’s Barossa project is a $4.7 billion investment — one of the largest Australian […]

June 25, 2021 Read More →

Challenges expected to continue mounting for carbon capture and storage projects

SP Global:  Carbon capture at aging U.S. coal plants has always been a long shot financially, and the outlook for such projects appears to be dimming as private investors look elsewhere and federal support for the technology wanes under the Biden administration. None of the five proposals to retrofit coal plants with carbon capture technology […]

June 25, 2021 Read More →

Mukesh Ambani: Asia’s richest man puts $10 billion toward green energy

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 […]

June 25, 2021 Read More →

Financial troubles devastate Alberta coal mine, leave clean up questions

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 […]

June 24, 2021 Read More →

Spire STL Pipeline approval tossed out by federal appeals court

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 […]

June 24, 2021 Read More →

Japan launches Southeast Asia energy fund to promote clean energy in coal-friendly markets

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 […]

June 24, 2021 Read More →

Hydrogen lags behind in power storage efficiency

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 […]

June 24, 2021 Read More →

Vanguard faces $300bn fossil fuel exposure, leaves investors in the dark on climate policies

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’

June 22, 2021 Read More →

Fragmented policies complicate China’s $113 billion green bond market

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 […]

June 22, 2021 Read More →

Carbon capture projects burn through tax dollars

Utility Dive:  The federal government’s support for carbon capture projects at coal-fired power plants may be politically necessary (see Sen. Joe Manchin, D-W.Va.), but it is environmentally and fiscally misguided. The potential for Department of Energy (DOE) funding and the lure of federal tax credits are pushing plant owners and avaricious developers to promote the […]

June 22, 2021 Read More →