Structured products
Merrill Lynch launches carbon certificate
Investment bank Merrill Lynch today launched an index-based investment certificate that offers protected exposure to the stocks of carbon efficient European companies.
Nymex Launches Green Exchange
Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex), is to form a new exchange trading environmental futures, options and swaps contracts.
Barcap launches global carbon index
Barclays Capital has launched a global carbon index, which tracks the performance of carbon credits in major emissions trading schemes.
Commodity investor sophistication increasing, says Barclays Capital
A survey of 150 Barclays Capital clients has found that half expect to have more than a 10% exposure to commodities in their portfolios, a threefold increase from a similar poll carried out in 2005.
Open outcry fading away as Nymex fends off rivals
New York Mercantile Exchange (Nymex) chairman Richard Schaeffer said today that 80% of the exchange’s business is now done electronically, as the open outcry trading floor becomes “less and less meaningful”. He also outlined ambitious plans for 2008, and…
Amaranth Sues JPMorgan for $1billion
The fall out from the collapse of energy hedge fund Amaranth Advisors took another twist after the fund launched legal action against investment bank JPMorgan Chase.
US cannot cope with power demand: NERC
Electricity usage in the US is projected to grow more than twice as fast as capacity growth over the next 10 years, NERC has warned in its 2007 long-term reliability assessment. David Watkins reports
Weathering the subprime meltdown
While conventional markets have been battered by the subprime crisis, weather market players have enjoyed high returns. Investing in weather derivatives provides insulation from volatile, chaos-prone and unpredictable human decision-making processes,…
Macquarie consortium buys US utility
A consortium of infrastructure investors led by Macquarie Infrastructure Partners (MIP) has purchased utility company Puget Energy, based in Washington State.
Earnings grow 14% for energy risk professionals
Energy risk management professionals enjoyed an average 14% rise in pay during 2006, according to a survey conducted by Risk Talent Associates, a risk management executive search firm.
Mizuho launches alternative investment group
Mizuho International, the London-based international securities arm of Mizuho Financial Group, has launched a new alternative investment group (AIG).
Merrill Lynch introduces biofuels indices
Investment bank Merrill Lynch has introduced two indices designed to offer investors exposure to the fast-growing biofuels market.
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate, writes David Watkins
Onward with offsets
Awareness of the effect of carbon emissions on climate change has driven growth in the market for voluntary carbon offsets. So who is getting involved, and why? Roderick Bruce finds out
Spectron trades first OTC carbon option settled on CCFE
Energy broker Spectron has brokered the first over-the-counter carbon dioxide option settled against the Chicago Climate Futures Exchange (CCFE)
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate
TXU shareholders agree to $45 billion buyout
TXU shareholders have approved a merger agreement with Texas Energy Future Holdings Limited Partnership (TEF), which was formed by a group of investors led by private equity firms Kohlberg Kravis Roberts and Texas Pacific Group.
Climate Change Capital closes €200 million private equity fund
Climate Change Capital (CCC), an investment banking group dedicated to clean energy investments, has closed its private equity fund at €200 million.