Energy

Escoffier credits customer support for SG

Speaking as he accepted the Risk award for equity derivatives house of the year last night, David Escoffier, head of global equities and derivatives for London and head of the bank's hedge fund group, credited SG's clients with helping to keep the bank…

Bank of America closes London commodities desk

Bank of America has closed its London-based energy and commodities trading desk as part of a global “realignment” strategy of its investment banking division that will see a total of 650 employees made redundant.

EC sets out phase III plans for EU ETS

The European Commission (EC) today outlined its plans to expand the scope of the European Union’s Emissions Trading Scheme (EU ETS) for the trading period of 2013 - 2020 (phase III).

Global carbon market grows 80% in 2007

The total value of greenhouse gas emission permits traded in 2007 reached €40 billion, an 80% rise on the 2006 figure of €22bn, according to information provider Point Carbon.

First Dutch spark spread traded

The first OTC Dutch spark spread, which represents the generating margin of gas-fired power stations, was traded this week, brokered by Spectron.

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