News

Shell announces it will not develop Cambo field in British North Sea

Reuters: Royal Dutch Shell (RDSa.L) said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources. Following “comprehensive screening” of the Cambo field, Shell “concluded the economic case for investment […]

December 3, 2021 Read More →

Appeals court pushes Ameren to shut down Rush Island coal-fired plant

St. Louis Post-Dispatch: A court ruling this week is pushing Ameren, the region’s largest electric utility, a step closer to a critical decision about its second-largest coal-fired power plant: Install pollution controls for up to $1 billion. Or shut it down long ahead of schedule. On Tuesday, the Eighth Circuit of the U.S. Court of […]

December 3, 2021 Read More →

Engine No. 1: ExxonMobil “lost its social license,” battled transition

Reuters: A failing governance structure propagated by a management without a strategy for the energy transition was behind Engine No. 1’s quest to bring independence to ExxonMobil’s board, Chris James, founder of the U.S. hedge fund told Reuters. Governments, companies and individuals are taking steps to cut their carbon footprints and enable the energy transition […]

December 3, 2021 Read More →

Gas deliveries to U.S. LNG export terminals hit record in November

S&P Capital IQ ($): Natural gas deliveries to U.S. LNG export terminals surged to record levels in the waning days of November, topping 12 Bcf/d as strong global gas demand continued to incentivize operators to run their facilities at full bore. Total feedgas deliveries to the six major operating U.S. LNG export facilities hit about […]

December 3, 2021 Read More →

Mitsui Lines plans to help develop offshore wind projects in Japan

offshoreWIND.biz: Japan’s Mitsui O.S.K. Lines, Ltd. (MOL), one of the largest ocean shipping companies in the world, and Scotland’s Flotation Energy plc. have agreed to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2 GW portfolio of offshore floating wind projects in Japan being developed by Flotation Energy (Japan) Co. […]

December 3, 2021 Read More →

Australia coal and wind pushing coal from country’s generation picture

Renew Economy: The announcement of more than 1GW of new large-scale renewable energy capacity in the third quarter of 2021 has set the scene for “a big reduction of emissions” going into 2022, as solar and wind continue to push coal out of the generation picture. The Clean Energy Regulator’s latest Quarterly Carbon Market Report […]

December 3, 2021 Read More →

Developers scrap Jordan Cove liquefied natural gas export facility

S&P Capital IQ ($): Developers of the proposed Jordan Cove LNG export facility in Oregon told federal energy regulators they will not move forward with the project, confirming the end of an effort that has stalled for years amid regulatory and commercial challenges. Jordan Cove Energy Project LP, a subsidiary of Canada’s Pembina Pipeline Corp., […]

December 2, 2021 Read More →

San Juan solar+storage replacement project gets tax equity financing

PV Magazine: Wells Fargo Renewable Energy & Environmental Finance closed tax equity financing for the Arroyo Solar and Storage project with D. E. Shaw Renewable Investments. Once operational, Arroyo – a 300 MWAC solar and 150 MWAC/600 MWh battery energy storage system facility developed in northwestern New Mexico – will be one of the largest […]

December 2, 2021 Read More →

Dogger Bank, world’s largest wind farm, gets construction financing

Reuters: British utility SSE (SSE.L) and Norwegian energy company Equinor (EQNR.OL) have secured financing to proceed with the construction of the 3 billion pound ($3.98 billion) Dogger Bank C offshore wind farm in Britain, the companies said on Thursday. Dogger Bank C will have a capacity of 1,200 megawatts (MW) and generate about 6,000 gigawatt […]

December 2, 2021 Read More →

Coal-fired Onyx Power Plant in Netherlands to close in two months

Netherlands News Live: The coal-fired Onyx Power Plant in Rotterdam will close. The owner of the coal-fired power station, the American investor Riverstone, will receive 212.5 million euros in subsidy. This was announced by outgoing State Secretary Danil Yesilgöz of Economic Affairs and Climate. The cabinet has been discussing closure with the company for some […]

December 2, 2021 Read More →