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Climate charity launches for-profit fund
01 June 2007Global 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.
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Triodos to raise €45m
01 June 2007Dutch ethical bank Triodos is aiming to raise €30 million–45 million in a depositary receipt issue, aimed at both institutional investors and individuals.
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Camco acquires emissions software co
01 June 2007Camco International has acquired UK energy service company Bradshaw Consulting, in a cash and shares deal worth £1 million.
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Veolia buys German waste firm
01 June 2007Veolia 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.
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SO2 auction sends 'bearish' signal
01 May 2007This 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.
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Duke loses New Source emissions case
01 May 2007The 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.
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CCX lists SO2 options contracts
01 May 2007The 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.
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EDP buys US wind firm
01 May 2007Portuguese 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.
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EPA announces biofuel credits plan
01 May 2007Trading of biofuel credits in the US could begin soon following the introduction by the country's Environmental Protection Agency (EPA) of rules to support legal targets for an expanded use of biofuels.
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Canadian SRI climbs above C$500 billion
01 May 2007Socially responsible investment (SRI) in Canada has soared to more than C$500 billion ($440 billion) in 2006, from C$65.5 billion in 2004, according to the Social Investment Organisation (SIO), which carries out a biannual survey.