Page 5 - Stranded Assets News Today

Big oil wrote down some $150 billion during the 2020 oil price crash, and forecasters now think that this could’ve just been the beginning of major asset depreciation in oil & gas

The investment case for coal-fired power is looking increasingly unconvincing, but more plants will need to be cancelled if the world is to avoid runaway climate change, a report published on Monday said.The report which was co-authored by green groups CoalSwarm and the Sierra Club, is the latest salvo being fired against those who finance coal, the fossil fuel blamed most for

Finance from richer governments to help poorer countries, but also the need to entice corporate investment on a huge scale. mark carney is boris johnsons finance adviser for the conference and hes been speaking to the bbc�*s christian fraser. there have been so many projects pursued by paris that makes sense in a 1.5 degrees world. those other stranded assets that are building up. was going to ask you, the world already has too many proven reserves of oil and gas. the stranded assets to talk a...

Production Gap report reveals governments still plan to produce more than double the amount of fossil fuels in 2030 than is consistent with limiting global warming to 1.5C

Quinbrook has announced a new appointment to help guide its climate policy, ESG and responsible investment strategies. Renewables, storage and grid support infrastructure investor Quinbrook Infrast

In between management meetings this morning, my notifications bell continued to buzz. So, I paused to check. Messages were dropping fast: Bob Hinson says you’re “smearing” GNPC. What’s going on?

14 hours BP Shareholders Reject Emission-Cutting Resolution 16 hours Tesla Stops Accepting Bitcoin As Payment 17 hours Chevron Halts Gas Field Off Israel As Violence Flares Up 18 hours Oil & Gas Deals In Middle East And Africa Slump By 33% In Q1  19 hours Colonial Pipeline Paid Hackers Nearly $5 Million In Ransom After Attack 20 hours East Coast Fuel Supply Hampered By Tanker Shortage 1 day ...

Premium Content Why Natural Gas Won’t Be Replaced Anytime Soon By Irina Slav - Apr 20, 2021, 7:00 PM CDT “Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly.” This is what the head of company search at the Carbon Tracker Initiative told Bloomberg this month in comments on the future of natural gas in Europe, as news outlet reported that some large European utilities are having trouble finding buyers for thei...

Article content (Bloomberg) — Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc. and JPMorgan Chase & Co. are among the banks that strengthened their financing restrictions on thermal coal under pressure from shareholders wanting to avoid the fuel, and the expectation is that gas is next. E...

Three speakers addressed the online event, with Dean Reeve and Robin Woodward, speaking on “Transform Saskatchewan’s Stranded Assets – profit from the Climate Economy, and Howard Schearer speaking on “The Promise – Small Modular Nuclear Reactors Offer Saskatchewan.” The event was moderated by Costa Maragos. Reeve is a retired utilities senior executive, formerly with TransGas, SaskEnergy and Atco while Woodward is the principal with RW Consulting, a Regina-based consulting firm foc...