Environment-Renewables
Goldman Sachs doubles stake in Climate Exchange
Shares in Climate Exchange, the UK-listed company that owns the European Climate Exchange (ECX) and the Chicago Climate Exchange, rose by around 5% after the company disclosed that US investment bank Goldman Sachs has doubled its stake to 19%.
GE and AES plan GHG offset partnership
Global power company AES and GE Energy Financial Services (GE EFS), a unit of General Electric, are to create a partnership to develop greenhouse gas (GHG) emission reduction projects in the US.
EC launches new vision for energy policy
The European Commission has today proposed a new energy policy for Europe that focuses on fighting climate change and making Europe’s internal energy market more competitive.
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.
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
Evolution Markets enters biofuels market
Evolution Markets has launched brokerage and financial services for the US and global biofuels market.
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.
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…
GFI opens Singapore biofuel desk
Inter-dealer broker GFI has opened a physical biofuel broking desk in Singapore. The new desk is a response to the continued growth in global demand for green energy products, and will be overseen by experienced GFI broker Jeremy Searle.
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.
Progressive, Centrica team up in clean coal project
Progressive Energy, a clean coal project developer, is to team up with UK-headquartered utility Centrica to develop an advanced clean coal project in the UK.
CBOT launches OTC ethanol contracts
Hot on the heels of its benchmark ethanol futures contract, the Chicago Board of Trade has unveiled plans for two new over-the-counter (OTC) Ethanol Calendar Swap contracts.
APM wades into Californian water
ACES Power Marketing (APM) has extended its energy risk management services to irrigation districts and public water agencies in California.