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People moves this month
01 October 2007TOM FROST, a former associate director and emissions and renewable energy specialist at UK-based stockbroker Numis Securities, has joined fast-growing Icelandic bank Kaupthing.
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Climate Group plans China campaign
01 October 2007The Climate Group is launching awareness-raising campaigns in Beijing, Shanghai and Hong Kong as part of its efforts to engage influential businesses and city governments to lead "a coalition of the willing" against global warming. It also aims, this month, to start exploring the potential for the creation of a low-carbon economy in the Pear River delta.
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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.
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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.
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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.
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HKEx examining emissions
01 September 2007Hong Kong Exchanges and Clearing (HKEx) is investigating the possibility of listing emissions-related products.
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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.