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MIL-OSI Energy: BNP Paribas to end ties with coal-dependent Polish electricity producers

By   /  May 25, 2019  /  AM-NC, BNP Paribas SA, Business, Climate Risk, Coal Industry Financing, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, KB, Laurence Pessez, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Poland, Transition  /  Comments Off on MIL-OSI Energy: BNP Paribas to end ties with coal-dependent Polish electricity producers

Source: Institute for Energy Economics and Financial Analysis S&P Global Market Intelligence ($): BNP Paribas SA will no longer finance electricity producers in Poland because of their dependence on the coal industry, Laurence Pessez, the bank’s head of corporate social responsibility, said May 23. The French bank had placed the producers under surveillance in 2017 […]

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MIL-OSI Energy: Developer drops plans for China Stone thermal coal mine in Australia’s Galilee Basin

By   /  May 24, 2019  /  Adani, Alpha North, AM-NC, AU, Australia, BHP, Business, China Stone Coal Mine, Clive Palmer, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Galilee Basin, Galilee Basin, Queensland, AU, Gas, Global Coal Markets, Global Economy, IEEFA in the news, Industry, Institute for Energy Economics and Financial Analysis, KB, MacMines Austasia, Meijin Energy Group, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Queensland, Tim Buckley  /  Comments Off on MIL-OSI Energy: Developer drops plans for China Stone thermal coal mine in Australia’s Galilee Basin

Source: Institute for Energy Economics and Financial Analysis The Guardian: The backer of a massive coal proposal in the Galilee Basin, adjacent to Adani’s Carmichael mine site, has quietly abandoned its plans amid growing doubts about the long-term profitability of Australian thermal coal exports. The ABC reported this morning that the proponents of the $7bn […]

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MIL-OSI Energy: Germany earmarks almost $45 billion to ease hardships of coal phaseout

By   /  May 24, 2019  /  AM-NC, Business, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Gas, German Coal Phaseout Plan, Germany, Global Coal Markets, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Peter Altmaier, Transition  /  Comments Off on MIL-OSI Energy: Germany earmarks almost $45 billion to ease hardships of coal phaseout

Source: Institute for Energy Economics and Financial Analysis Xinhua: The German cabinet adopted plans on Wednesday to provide 40 billion euros (44.7 billion U.S. dollars) of financial support to federal states undergoing the structural changes needed for Germany to achieve its planned phase out of coal by 2038. According to the German government’s plans, detailed […]

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MIL-OSI Energy: BHP: Thermal coal investments not in company’s future plans

By   /  May 23, 2019  /  AM-NC, BHP, BHP Thermal Coal Investments, Business, Cerrejon Coal Mine, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, Energy Markets, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, Mt. Arthur Coal Mine, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Peter Beaven, Transition  /  Comments Off on MIL-OSI Energy: BHP: Thermal coal investments not in company’s future plans

Source: Institute for Energy Economics and Financial Analysis Australian Financial Review: BHP says it has no appetite for new investments in thermal coal, regardless of how lucrative those investments may be, but has also signalled it is unlikely to invest in commodities like lithium and cobalt. The hardening of BHP’s attitude toward the type of […]

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MIL-OSI Energy: Indonesia’s PT Adaro: Financing for new coal projects is becoming an issue

By   /  May 22, 2019  /  AM-NC, Business, China, Climate Risk, Coal-Plant Financing, Commodities, CTF, Dharma Djojonegoro, DJF, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, IEEFA in the news, Indonesia, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, PT Adaro Energy, PT Adaro Power, South Korea  /  Comments Off on MIL-OSI Energy: Indonesia’s PT Adaro: Financing for new coal projects is becoming an issue

Source: Institute for Energy Economics and Financial Analysis The Jakarta Post: Indonesia’s second-largest coal producer, PT Adaro Energy, has started looking to China and South Korea for potential funding sources as countries in Europe shift away from investing in coal-related businesses such as power plants and mining due to climate concerns. A report released in […]

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MIL-OSI Energy: High-priced coal seen as a threat to economic growth in the Philippines

By   /  May 22, 2019  /  AM-NC, ASEAN, Association of SouthEast Asian Nations, Business, Commodities, CTF, DJF, Economy, Energy, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, IEEFA in the news, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, Natural Gas, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Philippines, Sara Ahmed, Sarah Ahmed, Transition  /  Comments Off on MIL-OSI Energy: High-priced coal seen as a threat to economic growth in the Philippines

Source: Institute for Energy Economics and Financial Analysis BusinessWorld: The Philippines’ stellar economic growth has been the talk of the world’s investors and financial leaders for the past several years. As the country powers through insurmountable odds — growing at a solid rate of 6.2% in 2018 despite mounting inflation, interest rates, and a depreciating […]

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MIL-OSI Energy: Thai energy developer looks to keep new coal projects out of Southeast Asia

By   /  May 21, 2019  /  AM-NC, Asia, Business, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, Gulf Energy Development, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, Natural Gas, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Renewables, Sarath Ratanavadi, Thailand, Vietnam  /  Comments Off on MIL-OSI Energy: Thai energy developer looks to keep new coal projects out of Southeast Asia

Source: Institute for Energy Economics and Financial Analysis Bloomberg: While Southeast Asia remains one of the last places where coal power can attract international financing, one maverick tycoon thinks the region will no longer tolerate burning the dirtiest fuel. Sarath Ratanavadi, founder of Thailand’s Gulf Energy Development Pcl, is seeking to electrify swaths of the […]

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MIL-OSI Energy: Mitsubishi Financial Group says it will no longer finance new coal plant construction

By   /  May 18, 2019  /  AM-NC, Business, Climate Risk, Coal Plant Financing Ban, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, Energy Markets, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, Japan, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, Mitsubishi UFJ Financial Group, MUFG, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Transition  /  Comments Off on MIL-OSI Energy: Mitsubishi Financial Group says it will no longer finance new coal plant construction

Source: Institute for Energy Economics and Financial Analysis Reuters: Japan’s Mitsubishi UFJ Financial Group will no longer provide financing for new coal-fired power generation projects after July 1, it said on Wednesday in a revised environmental and social policy framework. MUFG, one of the world’s largest banks by assets, said the decision will gradually reduce […]

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MIL-OSI Energy: IEA data show a significant downturn in coal plant financing

By   /  May 16, 2019  /  AM-NC, Business, Coal Plant Investment, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, Energy Markets, English, Exploitation, Exploration, Final Investment Decisions, Gas, Global Coal Markets, Global Coal Plant Tracker, Global Economy, IEA, IEEFA in the news, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Tim Buckley, Transition  /  Comments Off on MIL-OSI Energy: IEA data show a significant downturn in coal plant financing

Source: Institute for Energy Economics and Financial Analysis Bloomberg: Fossil-fuel advocates have a favorite rejoinder to those who predict a global shift to renewable energy: Coal has never been more popular. It’s a decent argument because it happens to be true. While coal-fired power has declined by nearly a quarter in Europe and almost 40 […]

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MIL-OSI Energy: Rothschild opts out, will not advise Adani on controversial Carmichael coal mine

By   /  May 16, 2019  /  Abbot Point Coal Export Terminal, Adani, AM-NC, Australia, Business, Carmichael Coal Project, Commodities, CTF, DJF, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Friends of the Earth, Gas, Global Coal Markets, Global Economy, India, Industry, Institute for Energy Economics and Financial Analysis, KB, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Queensland, Rothschild & Co.  /  Comments Off on MIL-OSI Energy: Rothschild opts out, will not advise Adani on controversial Carmichael coal mine

Source: Institute for Energy Economics and Financial Analysis Reuters: Rothschild & Co has decided not to advise India’s Adani in the financing or development of the $4 billion Carmichael coal mine in Queensland, Australia, a letter from the bank to an environmental group said. The bank is also not advising the firm on the planned […]

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