-
TXU private equity bid goes through
01 October 2007TXU shareholders have approved the buy-out of the Texas-based utility by an investor group who pledged to slash its plans to build new coal-fired plants.
-
Lloyd's launches renewables business
01 October 2007Ascot Underwriting, part of the Lloyd's of London insurance syndicate, has launched a division dedicated to the renewable energy sector. Ascot Renewco opened its books on 1 September, and has already written its first policies.
-
Green groups press SEC on Planktos
01 October 2007Several environmental organisations have called on the US Securities and Exchange Commission (SEC) to act on what they say are "potentially illegal statements" made by Planktos, a firm planning to generate carbon credits by fostering plankton growth by dumping iron filings into the ocean.
-
HKEx examining emissions
01 September 2007Hong Kong Exchanges and Clearing (HKEx) is investigating the possibility of listing emissions-related products.
-
Showdown looms in US Congress over renewables, cars
01 September 2007The US Congress faces a showdown in the autumn over renewables and automobile efficiency as leaders from the Senate and House of Representatives try to reconcile energy legislation
-
Chicago drags Goldman, BoA into BP boycott
01 September 2007The City of Chicago may boycott BP over emissions from a nearby refinery, and is to cut Goldman Sachs and Bank of America out of lucrative bond underwriting business, as they have officers on the oil major's board.
-
Latest Senate climate bills look overseas
01 September 2007The two latest Senate bills aiming to cap US greenhouse gas (GHG) emissions have opened a new front in the climate debate – targeting US trading partners that fail to cut carbon.
-
Climate change resolutions up
01 September 2007Investors filed a record 43 climate-related resolutions with US companies during the 2007 proxy season, according to Ceres, a coalition of investors and environmental groups that helped co-ordinate the shareholder filings.
-
Aussie exchange buys into water, plans clean-tech market
01 September 2007An Australian stock exchange specialising in small, medium and regional businesses has acquired Australia's largest independent water market operator for A$10.75 million (US$8.8 million) and will follow this next month with the launch of a sustainability and clean-tech investment market.
-
Environmental markets seen dodging financial crisis
01 September 2007Capital for financing clean technologies and to trade in environmental markets could get harder to find, some financiers warn, as the effects of losses in the US mortgage markets make themselves felt more widely. But most believe that financing renewable energy is likely to remain attractive, and some argue that environmental markets will offer investors returns that are uncorrelated with equity and debt markets.