Energy
Danske Bank completes first phase of economic capital project
Danske Bank completed the first phase of an economic capital project with Algorithmics
War of words escalates in Cbot battle
A week after IntercontinentalExchange (ICE) announced its audacious $10 billion attempt to prise the Chicago Board of Trade from their grip, Chicago Mercantile Exchange executives gathered in Chicago to pour scorn on the proposal.
Senate rejects proposed crackdown on hedge fund registration
The US senate has rejected a proposed amendment that would have required most hedge funds to register with the Securities and Exchange Commission (SEC).
First post-2012 EUA trade brokered
Emissions broker Evolution Markets has brokered the first trade of European Union Emissions Trading Scheme (EU ETS) emissions allowances (EUAs) for delivery post-2012
Powernext to launch spot contract for CERs
French energy exchange Powernext and financial institution Caisse des Dépôts are working together to launch the first exchange-traded spot contract for certified emissions reduction (CER) credits
GFI expands freight coverage to South Africa
New York-based interdealer broker GFI has opened an office in Cape Town and relocated its global head of dry freight Dorian Benson there.
Point Carbon survey shows EU ETS ‘significantly’ reducing emissions
Global carbon markets in 2006 saw transactions of 1.6 billion tonnes of carbon dioxide equivalent (CO 2 e) worth €22.5 billion, according to environmental market analyst and information provider Point Carbon, who has just completed a survey of the carbon…
CO2e.com and Cantor Environmental Brokerage join forces
Carbon broker CO2e.com and Cantor Environmental Brokerage announced today that they are joining forces to create CantorCO2e
Exclusive – Gore calls for 2010 climate change treaty
Former US vice-president, Al Gore, today called for a new climate change treaty, which would bring the US and China on board, to come into force at the start of 2010
RWE npower plans £1bn clean coal power station in UK
RWE npower today set out plans for a 1,600 megawatt (MW) clean coal power station to replace its existing coal-fired station in Tilbury, Essex, UK
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.
Income and growth from Barclays
UK banking group Barclays has launched a new growth and income product. The five-year FTSE Income and Growth Bond has been designed to provide investors with a steady stream of both income and equity linked growth potential.
DME receives approvals from Singapore, Japan regulators
The Dubai Mercantile Exchange (DME) has received its first approvals from overseas regulators in Singapore and Japan, ahead of its launch in May.
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Inflation
A dangerous precedent
European power market participants are up in arms over a draft law in Germany which, if passed, could devastate liquidity both in Germany and beyond by allowing the German Cartel Office to force some suppliers to price their power on a cost basis. Oliver…
Jeffrey Sprecher
IntercontinentalExchange's JEFFREY SPRECHER talks to Roderick Bruce about the inspirations and motivations that have driven him to the top of the energy trading business
Powering debate
Concerns about energy supply security and climate change are causing a nuclear power renaissance in Europe. However, despite changing attitudes, the regulatory, political and financial barriers to nuclear new-build remain significant, finds Roderick Bruce
Staging a comeback
A change in public perception, energy supply concerns and green issues are all driving a nuclear power revival in the US. Technological advances, financial incentives and licence standardisation look set to smooth the process of new build, finds Neil O…
When M&As fail
US M&A activity plummeted in 2006, leading to fears that much-needed – but capital-intensive – infrastructure plans could be put on hold. Merging with infrastructure funds instead of private equity may be an easier way for utilities to jump some…