Ernst Young

First California Storm Brings Rainbow

Accounting giant Ernst & Young’s latest United States renewable energy attractiveness index confirms commonly understood perceptions of which states are friendliest to renewables, such as California and Hawaii, but also shows remarkable progress by individual states and the solar industry as a whole. The top ten states on the All Renewables Index, which you can… Keep reading →

Electricity Prices To Rise Due To Renewable Energy Investments

Any newcomer to the world of clean energy might become quickly lost in the maze of various renewable sources, technologies, incentive programs, efficiency opportunities, and other complexities in what is a very large – and often fragmented – part of the energy landscape. Below are some invaluable resources that offer helicopter-view insights into clean energy… Keep reading →


Master Limited Partnerships have gained in popularity in recent years, particularly in the midstream oil & gas sector, and now excitement is building around using the MLP structure for renewable energy projects. But MLPs are better suited to some assets than others and launching one is a complicated endeavor. So is an MLP the right… Keep reading →

National oil companies have popped up in a significant number of mergers and acquisitions in the oil patch in recent years, and have led in joint venture partnerships.Flush with cash and in search of resources, Chinese companies have consistently remained in the headlines, but the biggest deal last year involved Russia’s Rosneft.

“In 2012, National Oil Companies (NOCs) were involved as buyers in the two largest deals in the oil and gas industry. Both deals came in the fourth quarter and helped push the total value of all oil and gas deals in 2012 to more than $402 billion, a 19% increase on the total a year earlier,” Dale Nijoka, Ernst & Young Global Oil & Gas Leader wrote in “National Oil Company Monitor Q4 2012,” a corporate publication. The largest deal was Rosneft’s $61 billion cash and shares acquisition of TNK-BP and the second biggest deal was China National Offshore Oil Company’s $15.1 billion Nexen takeover. Keep reading →

Accounting firm Ernst & Young released its Oil & Gas Center’s quarterly outlook this week highlighting the major trends expected in various petroleum industry sectors over the near term. It’s done on a quarterly basis and provides an overall view of main themes to be watching. It is primarily generated as an internal document, “so everyone knows what’s going on and highlights are sent to clients,” Foster Mellen, Senior Analyst with Ernst &Young’s Oil & Gas Practice told Breaking Energy.

Some points of interest include the long-overdue startup of Kazakhstan’s giant Kashagan field and how companies may cope with US natural gas prices that have persistently remained below historical norms. Keep reading →

The US government needs to stop giving subsidies to Big Oil! This is such a common rallying cry that few stop to consider what it really means.

The idea appears simple: Oil companies make so much money the government should not support them. But is the government giving oil companies money? How does the system really work? Keep reading →

Speakers representing a wide range of sectors, from academia to accounting, had similar views with regard to the importance of corporate social responsibility and renewable energy investments: These things matter now and will only become more important to shareholders and consumers in the future.

“In 5 to 10 years, it will be very difficult to sell products made from ‘black’ energy,” predicted Morten Albaek, Chief Marketing Officer for wind turbine manufacturer Vestas. Albaek was announcing the results of two new energy transparency studies being launched at the New York Bloomberg Tower on September 24th. The studies were released in Rio in August and London last week. Keep reading →

Misconception and myth hang over the entirety of the US energy sector, but with renewable energy equally likely to get bogged down in political wrangling over subsidy levels and climate change, getting to the truth remains a particular challenge.

Accounting firm Ernst & Young is accustomed to crunching data from a wide range of sources and sorting it into manageable categories. The company has taken an increasing thought-leadership profile in energy, and recently released an update to its substantial renewable energy attractiveness indices as part of that practice. Keep reading →

Renewable energy’s future is now in the developing world, analysts at accounting giant Ernst & Young claim, as cost-conscious and indebted industrial economies focus on investments like smart grid that can slow demand and cut costs.

After a robust decade driven first by concerns about climate change and eventually-foiled expectations that a global price on greenhouse gas emissions would emerge followed by heavy central-government subsidies for renewable energy projects seen as promoting energy security and job growth, the renewable energy sector is moving into a “revolutionary” new phase, a new E&Y report indexing renewable energy country attractiveness says. Keep reading →

Fear for the future amid the plenty of the present characterized the wind industry in 2011.

The US wind power business is only just getting started with 43,461 MW of installed capacity as of the end of September 2011–3.25% of the country’s electricity–and more than 8,400 MW under construction. Keep reading →

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