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IEEFA
Renew Economy: The Northern Territory government has unveiled plans for a massive renewable hydrogen zone, as well as a new renewable energy hub, as it seeks to grab a major share of Australia’s renewable hydrogen export opportunities and transition its local electricity networks. The plans are laid out in three key documents released this week […]
IEEFA
The Barents Observer: The two companies that over the past ten years have been engaged in close cooperation on oil drilling, exploration and production say they now intend to take joint action on carbon management. An agreement signed by the companies on the 28th September includes an ambition to “develop low carbon solutions and reduce […]
Suzanne Mattei
PennEast Pipeline cancellation boosts case for change in commission policy
Yet another unnecessary pipeline—the PennEast project—has been cancelled after the Federal Energy Regulatory Commission (FERC) issued a permit for it. The incident provides compelling new evidence for FERC to adopt strong protocols to ensure a proper analysis of the need for a proposed pipeline project. FERC could have prevented wasted expenses, legal fees and effort […]
IEEFA
E&E News ($): The PennEast pipeline will no longer go forward, the project’s developer announced today, just three months after landing a key win before the Supreme Court. PennEast Pipeline Co. LLC said it did not have the necessary permits to continue with the 116-mile project, which was designed to carry natural gas from Pennsylvania […]
Bruce Robertson, Milad Mousavian and Press Release
The government is increasing issuance of gas exploration permits in the offshore sector ignoring risks imposed by global decarbonisation
20 September 2021 (IEEFA Australia): Increasing issuance of exploration permits over production, the Australian government has given the green light to oil and gas giants including Santos and Woodside to potentially spend $AUD5.1 billion throughout the next six years on risky offshore exploration activities despite industry-low success rates and the global energy transition, finds a […]
IEEFA
Energy Mix: The world’s biggest publicly-traded provider of property and casualty insurance, Chubb, has become the 16th insurer to declare that it won’t back the controversial Trans Mountain pipeline, a coalition of climate and Indigenous campaigners announced yesterday. The flurry of social media activity was triggered by a single tweet from Financial Times insurance correspondent […]
IEEFA
S&P Capital IQ ($): Five more interstate natural gas transportation and storage projects will receive environmental impact statements from the Federal Energy Regulatory Commission, another sign the commission is turning toward the more extensive environmental reviews as it sorts out how to assess climate impacts. The unfolding approach could mean a longer review timeline for […]
Guest Contributor: Owen Evans
The Government can easily do better
In retrospect, the government-owned 667 megawatt (MW) Colongra gas-fired power plant on the Central Coast of New South Wales was an engineering marvel and a financial disaster. The AU$500 million capital cost included $104m for a spur line to the Sydney–Newcastle gas pipeline. The cost of the facility itself was $0.60m/MW. While capital costs a […]
IEEFA
Reuters: Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines. Calgary-based TC Energy, which ships oil and gas through nearly 100,000 kilometres (62,140 miles) of pipelines, one of […]
IEEFA
Canada’s National Observer: Investment in carbon capture technology will hinder Canada’s transition away from fossil fuels and exacerbate the effects of climate change, says a new letter co-signed by hundreds of organizations. Over 500 environmental groups and other organizations from Canada and the U.S. put the piece together, which ran as a full-page ad in […]
IEEFA U.S.: FERC neglects energy needs in pipeline decisions
IEEFA urges reevaluation of federal guidelines for new constructionMay 25, 2021 (IEEFA) — The Institute for Energy Economics and Financial Analysis is urging the Federal Energy Regulatory Commission (FERC) to reevaluate its pipeline certification guidelines. In their current form, commission guidelines allow it to rely solely on the existence of applicants’ business contracts to certify the necessity of constructing new interstate gas pipelines, […]