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UK government steps into carbon neutrality minefield
26 February 2009The UK has proposed a definition of "carbon neutrality" in an effort to help standardise the term and reduce consumer confusion around its use. But experts warn that too strict a definition could hinder more than help.
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Recession sends climate down the corporate agenda – EIU
26 February 2009Many global businesses foresee putting climate change action on the back burner as the recession continues to bite, according to a survey by the Economist Intelligence Unit (EIU). Firms will embrace energy efficiency measures in a bid to cut costs, the researchers found, but many plan to delay more ambitious action.
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Cat bond market set to bounce back
26 February 2009French insurance company Scor sold a $200 million catastrophe (cat) bond last week, ending the six-month hiatus in cat bond issuance caused by the collapse of Lehman Brothers and the general malaise in financial markets.
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Certifier UL approves use of petrol pumps for 15% ethanol
25 February 2009After strong objections from the US ethanol lobby, a major product safety certification organisation has reversed course and agreed that standard petrol pumps can dispense safely petrol mixed with up to 15% ethanol.
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RiskMetrics acquires Innovest for $16 million
19 February 2009Financial research and advisory firm RiskMetrics is to buy Innovest Strategic Value Advisors, a leading environmental, social and governance (ESG) research company.
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Pictet hoping for €1 billion in 'megatrends' fund
19 February 2009Pictet is launching what it claims is a first-of-its-kind 'megatrends' fund that includes exposure to its water, clean energy and timber investment themes.
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Exchange to list US voluntary carbon credits
19 February 2009The Chicago Climate Futures Exchange (CCFE) will tomorrow list futures contracts for carbon offsets registered under the US Climate Action Reserve.
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Carbon market speculators get caught short
19 February 2009Yesterday saw the largest ever volumes in Europe's carbon market, as speculators betting on a further collapse in prices found themselves caught out.
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Analyst expects CCS to surge following US stimulus package
19 February 2009Carbon capture and storage (CCS) has received a fillip from the US, with $3.5 billion earmarked in President Barack Obama's stimulus package for demonstration projects and growing support at the state level.
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GM, Exxon and Chevron make climate blacklist
19 February 2009Nine US and Canadian companies have done such a poor job in evaluating and disclosing the impact of climate risk on their business operations that they earned a place on a 'Climate Watch List' created by investors.