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Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to stop lending to the Port of Newcastle, the world’s largest thermal coal export terminal, under its new climate change policy to cut funding to the coal sector, including the associated infrastructure and service providers.
To look at the background to the bank’s divestment, Barometer’s Des Lawrence spoke with IEEFA’s Tim Buckley, Director of Energy Finance, Australia/South Asia.
Buckley says ANZ made an “entirely pragmatic decision” due to concerns that the port’s legal constraint, imposed by the NSW Premier, prevents it from diversifying – such that the port will become a stranded asset as the world rapidly moves away from thermal coal. A point that was made abundantly clear when the biggest buyers of Australian thermal coal, Japan, China and South Korea, committed to net-zero emissions last year.
“ANZ has a fiduciary duty to manage the risk-adjusted returns for all of its shareholders. It has to make sure that it is not financing stranded assets and left holding the can when ultimately the business it is financing is unable to deliver the returns it promised, pay the interest it committed to paying and most importantly, take back the capital involved,” he says.
“This is harsh, but all about a long-term capital management strategy.”
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Wednesday, 24 February 21
MARKET INSIGHT - INTERMODAL
With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantl ...
Sunday, 21 February 21
EDITORIAL: TIME FOR BANGLADESH TO FOCUS ON RENEWABLE ENERGY, NOT COAL - DHAKA TRIBUNE
Shifting away from coal is not only desirable, but absolutely necessary in these times.
In spite of being detrimental to environment ...
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. ...
Friday, 12 February 21
U.S: WIND SURPASSED COAL AS NO. 1 FUEL SOURCE IN 2020 FOR SOUTHWEST POWER POOL - IEEFA
Wind energy growth due to geography, design factors, and new installations
Wind surpassed coal as the primary power generation sourc ...
Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was ...
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- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
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