Categories for Finance
Limited Utility: The European energy companies failing on net zero commitments
January 25, 2022 8:58 amLimited Utility: The European energy companies failing on net zero commitments is an initiative of Europe Beyond Coal and Ember, and investigates whether or not the strategies of the major EU coal-burning utilities align with the urgent need to decarbonise their fossil fuel electricity portfolios and accelerate their deployment of renewables, as outlined in the International Energy Agency’s (IEA) Net Zero Emissions by 2050 report.
CEZ announces plan to slash coal by 2030, ahead of Czech government coal exit vote
May 20, 2021 5:55 pmCzech utility ČEZ announced that the cut of proportion of electricity it produces by burning coal from 39 percent to 12.5 percent by 2030.
Fool’s Gold: Financial institutions waste billions on coal, undermining climate action
July 15, 2020 10:12 amEuropean financial institutions and international investors and banks including BlackRock and the Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies €12 billion in investment, and €9.8 billion in loans and underwriting in less than 1.5 years, according to a new report.
Fool’s Gold
July 15, 2020 8:22 amUpdated for 2020, Fool’s Gold - The financial institutions risking our renewable energy future with coal examines eight European, and four significant international, financial institutions, and finds that all continued to pump money into coal companies in the year after the IPCC released its 1.5 degrees C special report.
ČEZ Briefing for Investors, Insurers and Banks
June 24, 2020 5:49 pmČEZ Czech energy company has broadly outlined its own coal phase-out dates as the trajectory of coal exclusion policies is trending in a positive direction.
Czech coal commission marks closure of CEZ Prunerov I coal plant
June 4, 2020 2:47 pmThe Czech Republic’s coal commission will join state-owned energy company ČEZ tomorrow to hold a ceremony marking the closure of the Prunerov I coal plant.
15 villages saved as PGE abandons Gubin mega mine due to bleak coal financials
April 2, 2020 9:42 amPolish state-owned energy company PGE has omitted the Gubin coal mine project from its latest financial report, confirming in this way that it has been shelved.
Barclays risks investor revolt with new fossil fuel policy
March 30, 2020 3:59 pmUK bank Barclays has bypassed an opportunity to put right its weak fossil fuel policy with the release of its new environmental report.