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Trista Rose
Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal
The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]
Press Release and Christina Ng
A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors
22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]
Press Release and Norman Waite
AIA must back their climate pledges
21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]
Press Release and Norman Waite
Investing in gas-fired power plant development faces substantial climate risk
2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]
Press Release and Simon Nicholas
Sumitomo’s coal policies are lagging its trading house peers and the Japanese government
23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]
Press Release and Melissa Brown
Utility’s latest planning report locks PLN into the past
23 October 2020 (IEEFA Indonesia): PLN would be better served restructuring its business to address the current energy transition rather than relying on a lifeline of government support while channelling more capital to old polluting technologies of the past, finds a new report by public think tank, the Institute for Energy Economics and Financial Analysis […]
Press Release, Tim Buckley and Saurabh Trivedi
Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal
20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]
Trista Rose
A coal terminal carrying a heavy debt load and increasing climate risks
Preparations to float Dalrymple Bay Coal Terminal (DBCT) on the Australian Stock Exchange appear to be heating up, with a potential listing date slated for the fourth quarter of this year. Initially marketed to private buyers, plans to sell DBCT located at Hay Point on Central Queensland’s coast were shelved in early 2020 after present […]
Sara Jane Ahmed and Guest Commentary: Alberto Dalusung III
Company directors must consider if accepting fossil fuel risks violates their fiduciary duty to act in shareholders’ best interests
MANILA – In recent days, the country’s energy sector has been abuzz with talk from the energy managers of a drive to accelerate indigenous energy development. This is driven by the experience of the real fears of imported fuel supply insecurity for the whole energy sector at the onset of the [coronavirus] pandemic, especially for […]
IEEFA
Politico: Morgan Stanley will become the first major U.S. bank to publicly disclose the how much its loans and investments contribute to climate change, the latest sign that Wall Street giants are beginning to reckon with their role in heating the planet. The move comes as financial regulators in many countries are considering whether to […]
IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal
Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government dealThe Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]