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Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
 Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. For the most-exposed sovereigns and those that do not adequately prepare for it, climate change stranded-asset risk is likely to lead to rating downgrades as the effects become clearer, closer and more material, Fitch Ratings says in "Climate Change 'Stranded Assets' Are a Long-Term Risk for Some Sovereigns" report.
The report further noted, the extent and speed of the decline in demand for fossil fuels is uncertain. Excess potential global supply will weigh on prices, potentially compounding the loss from lower volumes. Coal will face a faster and fuller loss of market than oil and particularly gas. High-cost producers will be squeezed out first. Sovereigns with strong balance sheets and potential to diversify their economies are better-placed. Political instability and rising financing costs could amplify challenges.
Under a plausible scenario, the transition would be a similar shock to oil revenue as occurred in 2013-2016 and again in 2018-2020. During this period two oil exporters defaulted and a further three were downgraded by at least four notches. Being much slower, it would give sovereigns more capacity to adjust, but it would be permanent. A simulation on Fitch's Sovereign Rating Model suggests it could lead to a fall in the SRM output by around one rating notch by 2040 and two to three notches by 2050 for a major oil exporter, Fitch Ratings says in its new report.
Ratings typically place more weight on current developments and we will be more circumspect in taking forward-looking rating actions the more distant and uncertain are future events, said Fitch Ratings.
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Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Planning Commission, India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- The University of Queensland
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
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