WASHINGTON, Jan. 10 (TNSrpt) -- The American Council for an Energy-Efficient Economy issued the following news release: States could cut energy use in new buildings by as much as a third--significantly reducing utility bills and greenhouse gas emissions--by updating building energy codes with the help of new federal funds. New analysis from the American Council for an Energy-Efficient Economy (ACEEE) identifies the states best positioned to take advantage of the federal funding by analyzing sev  more

ST. PAUL, Minnesota, Jan. 10 -- The Minnesota Department of Employment and Economic Development issued the following news release: The Minnesota Department of Employment and Economic Development (DEED) has awarded $2.58 million to six Minnesota communities to investigate or clean up contamination sites approved for redevelopment. DEED's Contamination Cleanup and Investigation Grant Program awarded the funding, which will leverage more than $411 million in private investment. The funding is exp  more

MEXICO CITY, Mexico, Jan. 10 (TNSgov) -- Greenpeace issued the following news release: Ahead of President Biden's meeting with President Lopez Obrador during the Three Amigos Summit, Greenpeace Mexico and Greenpeace USA called on Presidents Biden and Lopez Obrador to commit to ending all new oil and gas development in the Permian Basin, increase investments in renewables, and secure a just transition for fossil fuel workers and communities. The Permian Basin-- located in Texas and New Mexico -  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Oct. 4, 2022, entitled "Sixth Guyana Lawsuit Filed Over Failure to Protect Public From Spill Risks." The white paper was written by Tom Sanzillo . * * * Here are excerpts: KEY FINDINGS * A sixth lawsuit over a major oil drilling project in Guyana has been filed, alleging a failure by the Guyanese government to protect the people and environment from future oil spil  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Nov. 30, 2022, entitled "Bondholders Hoping to Recover Bad Debt from Struggling Puerto Rico Ratepayers." The white paper was written by Tom Sanzillo. * * * Here are excerpts: KEY FINDINGS * Financial Oversight and Management Board, Puerto Rico Electric Power Authority at standstill over $8.9 billion debt deal * Court filings indicate 50-year-long "connectivity cha  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following white paper on Nov. 29, 2022, entitled "China Is Building a More Credible Green Finance Market But State-Owned Enterprises' Green Bonds Are in the Way." The white paper was written by Christina Ng. * * * Here are excerpts: KEY FINDINGS Key Findings * As important as the announcement of China's Green Bond Principles in July was, investors should remain cautious as not all onsh  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Nov. 24, 2022, entitled "Coal Cost Trends - Climate Impacts on Coal Mining Likely Long Term." The white paper was written by Andrew Gorringe and Simon Nicholas. * * * Here are excerpts: KEY FINDINGS * Floods contributed to a 22% increase in unit costs of major Australian thermal coal miners in the first half of 2022 as flooding hampered production and increased cos  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Nov. 15, 2022, entitled "Coal Cost Trends - Higher Labour Costs Could Continue Into the Long Term." The white paper was written by Andrew Gorringe and Simon Nicholas. * * * Here are excerpts: KEY FINDINGS * The operating costs of Australia's top 6 thermal coal producers have increased an average of 22% in 2022. * Labour shortages contributed to a significant decli  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Nov. 7, 2022, entitled "Keep San Juan Power Plant Shut Down." The white paper was written by Dennis Wamsted. * * * Here are excerpts: KEY FINDINGS * Enchant Energy's $1.6 billion plan to install Carbon Capture & Storage (CCS) at the San Juan Generating Station in New Mexico makes no sense. * Enchant has been unable to secure financing, power buyers, transmission a  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Nov. 1, 2022, entitled "Oil and Gas Profits Driven by Ukraine conflict, Not Financial Skill." The white paper was written by Tom Sanzillo and Suzanne Mattei. * * * Here are excerpts: KEY FINDINGS * Ukraine invasion is driving high oil prices and inflation * Higher profits have caused investors to forget about fundamental * The current bonanza for oil and gas comp  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Oct. 4, 2022, entitled "Peak Profits Are a Memo to Miners to Swap Out Coal for Critical Minerals." The white paper was written by Andrew Gorringe and Simon Nicholas . * * * Here are excerpts: KEY FINDINGS * Current high thermal coal prices may last for a while, driving mining company cashflows, but the long-term outlook for thermal coal exports is darkening. * Som  more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Nov. 1, 2022, entitled "Puerto Rico Officials Fail to Learn From Past Hurricanes as Fiona Ravages Grid." The white paper was written by Tom Sanzillo. * * * Here are excerpts: KEY FINDINGS * Puerto Rico's electric grid has deteriorated since Hurricane Maria hit five years ago. * Individual homeowners and businesses relying on their own resources have created their   more

LAKEWOOD, Ohio, Jan. 10 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following analysis on Oct. 26, 2022, entitled "IEEFA Puerto Rico: Testimony Before Legislative Commission on How to Address PREPA's Debt Crisis." The white paper was written by Tom Sanzillo. * * * Here are excerpts: KEY FINDINGS * The 20 cents per kilowatt-hour (kWh) goal would be effectively abandoned if legacy debt is included in the electricity rate structure. * Macroeconomic condit  more

PASADENA, California, Jan. 10 (TNSjou) -- NASA's Jet Propulsion Laboratory issued the following news: A case study involving Europe's largest coal-fired power plant shows space-based observations can be used to track carbon dioxide emissions - and reductions - at the source. A duo of Earth-observing missions has enabled researchers to detect and track carbon dioxide (CO2) emission changes from a single facility, using the world's fifth-largest coal-fired power plant as a test case. In the rec  more

WASHINGTON, Jan. 10 -- Sen. Tim Kaine, D-Virginia, issued the following news release: In December, U.S. Senators Mark R. Warner and Tim Kaine announced that they secured over $200 million in federal funding for local community projects across Virginia in the Fiscal Year 2023 government funding bill. The federal dollars come from a process that allows members of Congress to work with the communities they represent to request and dedicate funding for specific community projects in a manner that p  more