News
EPA proposes first national GHG reporting requirements
The US Environmental Protection Agency (EPA) has proposed the first comprehensive national system for reporting emissions of carbon dioxide and other greenhouse gases.
Agora-X launches OTC platform for energy and metals
Agora-X, an electronic trading platform, has launched a new platform for the negotiation, execution and clearing of over-the-counter (OTC) trades in energy and metal contracts.
Outlook positive for commodities investors
Investors are bullish about commodities in the long term, according Barcap's annual investor survey, with 79% of participants planning to initiate or increase their exposure to commodities over the next three years.
Brokerage launches environmental arm
Phoenix Partners Group, an interdealer credit and equity derivatives broker, has launched an environmental brokerage service for the worldwide renewable energy and emissions markets.
Scotia Capital acquires part of UBS Energy
Scotia Capital, a subsidiary of Scotiabank, today announced the acquisition of assets and employees from UBS Energy, a unit of UBS AG.
S&P GSCI Index Commodity Swaps to clear on CME ClearPort
Standard & Poor's has signed a licensing agreement with CME Group to clear swaps on the S&P GSCI Excess Return Index.
Reliant sells Texas business to NRG and posts fourth quarter loss
In addition to the sale of its Texas retail business to NRG Energy for $287.5m, Reliant Energy has announced fourth quarter losses, including $177m from energy derivatives.
ICE offers margin offsets on coal and emissions contracts
ICE Futures Europe has introduced margin offsets between its Coal Futures and Emissions contracts.
Spectron begins brokering softs and ags
Interdealer broker Spectron has launched a soft commodities and agricultural products desk.
VTB Capital enters steam coal market
Russian bank VTB Capital has joined coal trading marketplace globalCOAL to develop its risk management operations in the Pacific region steam coal market.
Uncertain outlook for US public power
Moody's has forecast a stable credit outlook for the US public power electric utility sector in 2009, but says the recession and environmental regulations could present challenges.
Centrica invests in 60 bcf gas storage facility
British utility Centrica will develop the UK's second largest gas storage facility through the acquisition of a controlling interest in the Baird gas field project in the southern North Sea.
Obama calls for economy-wide carbon cap
President Barack Obama has indicated that the administration will work with Congress on cap-and-trade legislation in an effort to increase US energy independence.
RWE restructures
RWE has announced plans to restructure its supply and distribution business in Germany and reorganise its ultra-high voltage grid as part of a €6.5 billion investment scheme.