Energy
EC takes firm line on emission allowances
As Phase II of the EU ETS comes in to effect, the EC has slashed the national allocation plans of more than ten member states, writes Oliver Holtaway
Nymex to offer soft commodities
The New York Mercantile Exchange (Nymex) has entered the soft commodity space with the launch of six new futures contracts on its ClearPort clearing and trading platform.
Statoil buys Hydro’s oil and gas assets
Norwegian companies Hydro and Statoil have agreed a merger of Hydro’s oil and gas activities with Statoil, creating the world’s largest offshore operator in an estimated $28billion deal.
Nybot members support Ice merger
Members of the New York Board of Trade (Nybot) have voted overwhelmingly in favour of a proposed merger with IntercontinentalExchange (Ice).
Shell makes Sakhalin-2 offer to Gazprom
Shell has reportedly offered Russian gas giant Gazprom a controlling stake in the Sakahalin-2 oil and gas exploration project. The offer was made during discussions between Shell’s chief executive Jeroen van der Veer and Alexei Miller, chairman of…
CO2 venture launches in US
Blue Source, a US-based company which invests in carbon reduction projects and supplies offsets, has teamed up with private equity firm First Reserve to create the first US venture to reduce CO2 emissions across the energy, manufacturing and…
Head gas trader quits JPMorgan
The head natural gas trader for JPMorgan has resigned after being asked to leave the investment bank, sources close to the situation said Friday.
Democrats' victory to boost carbon trade
A Democratic victory in the mid-term US elections is good news for green energies, but not necessarily for big oil, writes David Watkins
Food for fuel
In part II of our investigation into the attraction of 'cleantech' investment, Catherine Lacoursière looks at the growth of biofuel plants, and asks: does the world have enough feedstock to power them?
BNP Paribas expands CER portfolio
BNP Paribas has entered into two new contracts to purchase certified emissions reductions (CERs) generated from Clean Development Mechanism projects in Mexico and India.