Archive

  • Business failing to cut emissions – report

    01 June 2007

    Businesses around the world are still failing to reduce or even monitor their carbon emissions, despite a growing awareness of the potentially disastrous effects of climate change, according to a report by the Economist Intelligence Unit.

  • People moves this month

    01 June 2007

    HSBC has appointed SIMON MARTIN as its head of group sustainability and corporate responsibility, a new role with overall responsibility for the bank's environmental management, sustainability, and corporate responsibility and philanthropy. Martin was previously HSBC's country head for Argen­tina.

  • Suzlon seals €1.34bn deal for Repower

    01 June 2007

    Indian wind company Suzlon has won the takeover battle for Repower, a German wind turbine manufacturer, after rival bidder Areva failed to match its €150 ($202) a share offer (see Environmental Finance, May 2007, page 6). Suzlon's winning deal values Repower at around €1.34 billion and gives Suzlon access to European wind markets.

  • 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.

  • What's in your portfolio?

    01 May 2007

    US investors are beginning to wake up to the ­climate risks that may be lurking in their ­portfolios – and are calling on Congress to introduce some certainty on climate into the investment environment, says Mindy Lubber