-
Innovest claims (partial) ESG win on Bear Stearns
01 April 2008Innovest Strategic Value Advisors raised concerns last July over exposures at Bear Stearns to "unanticipated environmental and social shocks (especially in the sub-prime sector)". The New York-based investment research house awarded the stricken bank a "sub investment-grade" rating – in marked contrast to 'buy' recommendations from some Wall Street analysts at the time, Innovest has said.
-
Bellwether carbon stocks see mixed fortunes
01 April 2008Shares in Climate Exchange have soared in recent weeks, following its first reported profit since the company floated in 2003. Meanwhile, leading listed greenhouse gas emissions reduction project developer EcoSecurities has seen a recent rally in its share price peter out, after disappointing analysts with its 2007 numbers.
-
SRI outpacing broader market – reports
01 April 2008Investors are pouring more money than ever into socially responsible, ethical and sustainable funds, according to three new reports.
-
EU producers threaten action against US biodiesel subsidies
01 April 2008The European Biodiesel Board (EBB) was due to file a formal complaint against US biodiesel subsidies as Environmental Finance went to press in late March. The move is an attempt to stem the flow into Europe of cheap biodiesel imports from the US.
-
Key US regulator predicts explosive growth in carbon trading
01 April 2008Carbon trading could become one of the largest commodity markets in the world in the coming years, a leading US market regulator has predicted.
-
US power plant emissions up 12% in past decade
01 April 2008Carbon dioxide (CO2) emissions from power plants in the US have risen by 11.7% since 1997, with last year's 2.9% increase the largest single-year rise in the same period, according to a report by the Washington, DC-based non-profit Environmental Integrity Project (EIP).
-
WRI offers industry ecosystem guidelines
01 April 2008The World Resources Institute (WRI) has developed guidelines for businesses to better understand, and profit from, the link between healthy ecosystems and the bottom line.
-
Ineos seeking buyers for CER portfolio
01 April 2008The Ineos Group has put its Clean Development Mechanism (CDM) business up for sale, and has charged Morgan Stanley with finding buyers for the subsidiary and its massive certified emission reduction (CER) portfolio, Environmental Finance's sister publication Carbon Finance has learned.
-
E.Capital launches Asian infrastructure index
01 April 2008E.Capital Partners has launched an index tracking the 25 Asian infrastructure companies with the highest scores on environmental and social governance (ESG).
-
Merrill backs CDP
01 April 2008Merrill Lynch has signed a three-year deal to support the Carbon Disclosure Project (CDP), an investor collaboration that asks companies to disclose their greenhouse gas emissions and strategies for dealing with climate change.