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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
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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.
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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.
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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.
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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.
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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.
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More carbon cuts from shareholders, consumers than emissions trading?
01 September 2007Pressure from consumers and shareholders to reduce emissions of greenhouse gases is having more of an impact on many large companies than the EU Emissions Trading Scheme (ETS), according to some emissions specialists.
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Renewable investment 'to reach $750bn by 2016'
01 September 2007World-wide investment in renewable energy could pass the $750 billion mark by 2016, Ernst & Young predicts.
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Italian business offered hot weather bet
01 September 2007Merrill Lynch has launched a temperature-linked investment product that will allow farmers and retailers in Italy to mitigate against the impacts of hot weather on crop yields or sales.
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Sakhalin finances under spotlight
01 September 2007Two campaign groups have filed for a judicial review of the UK export credit agency's decision to underwrite $1 billion of contracts for the controversial Sakhalin II oil and gas project before the environmental impact assessment of the project was completed.