News

• Galileo Weather in management buy-out

  04 June 2009

  Galileo Weather Risk Management Advisors has been bought by its founders for an undisclosed sum and has linked up with a soon-to-be-named insurance company that will provide counterparty credit.

• HSBC's sustainability efforts hit by financial crisis

  04 June 2009

  HSBC made mixed progress on its sustainability goals in 2008, according to its sustainability report published last week.

• Financial firms 'worst' at climate disclosure – studies

  04 June 2009

  Financial services companies are the worst offenders when it comes to failing to disclose climate change risks and mitigation strategies, which could have serious consequences for investors, two reports on corporate disclosure warn.

• Bridging loan tides over Econcern, but breakup imminent

  04 June 2009

  Dutch renewable energy company Econcern says it obtained short-term bridging finance earlier this week, and is now seeking to divest itself of potentially all of its joint ventures and operating companies.

• Cap and trade would slash profits for US utilities – study

  04 June 2009

  Carbon costs in a cap-and-trade programme could wipe out earnings for some companies in the Standard & Poor's 500, according to a study by the Investor Responsibility Research Center (IRRC) Institute.

• Biofuels could cut jet emissions by 65%, says Air New Zealand

  03 June 2009

  The replacement by biofuels of half of the jet fuels now being burned could cut airlines' greenhouse gas emissions by 60–65%, claimed Air New Zealand.

• Weather risk market halves in 08/09 – WRMA

  01 June 2009

  The notional value of transactions in the weather risk market in 2008/09 fell to $15.1 billion, less than half the previous year's $32 billion, as the economic meltdown took its toll on risk capital, according to an annual survey by the Weather Risk Management Association (WRMA).

• Rockley launches $100m China fund

  01 June 2009

  UK-based technology funding firm Rockley Group has announced a $100 million fund that will invest in Chinese firms engaged in sustainable development activities.

• PRI urges investors to step up on climate

  01 June 2009

  Investors must not wait for policy-makers to encourage them to act on the threat of climate change, according to a report by an investor coalition.

• Osmosis plans €200m PE fund

  01 June 2009

  Osmosis Capital is understood to be aiming to raise €200 million ($279 million) into a low-carbon technology private equity fund of funds.