Archive

  • Mitsui buys US weather dealer

    01 June 2007

    Mitsui Sumitomo Insurance (MSI) has bought the assets of US weather derivatives dealer GuaranteedWeather for an undisclosed sum. MSI, which has been a long-term partner of GuaranteedWeather, bought the business from Ramsey Quantitative Systems, a Louisville, Kentucky-based hedge fund.

  • Drought threatens credit quality of Australian power sector – S&P

    01 June 2007

    The extreme drought affecting much of Australia could have a negative impact on the credit quality of the country's electricity generators and retailers, according to ratings agency Standard & Poor's.

  • Climate charity launches for-profit fund

    01 June 2007

    Global Cool, a celebrity-backed effort to combat climate change, has launched a $60 million–100 million fund-raising to expand its activities in the entertainment industry – through which it hopes to raise $1 billion to fight climate change.

  • Triodos to raise €45m

    01 June 2007

    Dutch ethical bank Triodos is aiming to raise €30 million–45 million in a depositary receipt issue, aimed at both institutional investors and individuals.

  • Camco acquires emissions software co

    01 June 2007

    Camco International has acquired UK energy service company Bradshaw Consulting, in a cash and shares deal worth £1 million.

  • Veolia buys German waste firm

    01 June 2007

    Veolia Environnement is to acquire the second biggest waste management company in Germany for €1.45 billion ($1.95 billion). The French environmental services company has signed an agreement to buy Sulo from private equity firms Blackstone Group and Ajax Partners.

  • SO2 auction sends 'bearish' signal

    01 May 2007

    This year's annual US auction of sulphur dioxide (SO2) emission allowances, organised by the Environmental Protection Agency (EPA) on 26 March, did little to interrupt the steady decline in the spot market price.

  • Duke loses New Source emissions case

    01 May 2007

    The US Supreme Court has ruled against Duke Energy, the country's third largest power company, in a long-running dispute over emissions from the company's older generating plants. However, while it has been hailed by environmental groups, the ruling may not have much impact on industry, lawyers and analysts say.

  • CCX lists SO2 options contracts

    01 May 2007

    The Chicago Climate Futures Exchange (CCFE), a subsidiary of the Chicago Climate Exchange (CCX), has begun listing options contracts on sulphur dioxide (SO2) allowances. These allowances, each of which represent one ton of SO2, form the underlying instruments of the cap-and-trade market used to combat acid rain in the US.

  • EDP buys US wind firm

    01 May 2007

    Portuguese power utility Energias de Portugal (EDP) is to buy Horizon Wind Energy from Goldman Sachs for at least $2.15 ­billion. Horizon is a US-based wind power developer that owns 559MW of generating capacity with a further 997MW due to begin producing power by the end of 2007. This will make it the third largest owner of wind generation facilities in the US.