Energy
Shrugging off subprime
Risk Japan conference
Meteor’s Prima back with enhanced returns
Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched two new products: the Growth Plan 4 and the Galaxy Protected Commodities Plan 3.
NRG presents new nuclear proposals
The first license application in 29 years to build a new nuclear plant in the United States has been submitted.
HSBC launches climate change indexes
HSBC's Corporate, Investment Banking and Markets division (CIBM) has launched an index to track the stock market performance of companies that stand to profit from the challenges posed by climate change, alongside four investable sub-indexes.
Range of 29 forward commodity ETFs to be listed on LSE
Twenty-nine new exchange-traded funds (ETFs) tracking the forward prices of a variety of commodities and commodity baskets are due to list on the London Stock Exchange (LSE) in the next four weeks.
Spectron trades first OTC carbon option settled on CCFE
Energy broker Spectron has brokered the first over-the-counter carbon dioxide option settled against the Chicago Climate Futures Exchange (CCFE)
EC energy package meets mixed response
The EC’s third package of EU energy market liberalisation measures has stopped short of insisting on full ownership unbundling of transmission infrastructure from generation and supply assets, and of creating a fully-fledged European energy regulator.
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate
Lehman bros to build natural gas trading hub
Global investment bank Lehman Brothers and its affiliate, Lehman Brothers Commodity Services (LBCS), is to build a 40 mile-long natural gas trading hub between Perryville and Delhi in Northeast Louisiana
Crude oil futures pass $80
West Texas Intermediate for October delivery closed at $80.09 a barrel in trading on the New York Mercantile Exchange Thursday, driven by continued concern about a report from the US Department of Energy showing that US crude inventory had fallen for the…
Carbon-trading log ready by November
The Kyoto Protocol’s international carbon-trading market is set for expansion, with the introduction of a worldwide transaction log by the end of the year. The International Transaction Log (ITL) will link the carbon registries for each Kyoto nation…
Weather derivatives help fulfil Millennium Promise
Reinsurer Swiss Re has structured a weather derivatives deal to help lessen the effects of drought on African farmers for the Millennium Promise Alliance (MPA), a charity that aims to end extreme poverty worldwide by 2025.
World Bank echoes EIB with new eco bond
The World Bank has launched its Eco-3 Plus, a structured product for sale to retail investors. The six-year note pays a variable annual coupon of 3% or higher, depending on the performance of the ABN Amro Eco Index. The index comprises companies engaged…
Making some meaty profits in choppy markets
meat goods
Whither the benchmark?
Benchmarks
Rocks and hard places
Despite the environmental, political and infrastructure challenges faced by US coal, some believe high-sulphur grades could soon be back in fashion. David Watkins investigates
Clean coal : green and lean
With the economic benefits of emissions offsets, clean coal is poised to move from a government-subsidised to a commercially viable industry, as Catherine Lacoursière reports
Managing climate change risk
Climate change poses two main risks to business – reputational risk and financial risk. Francis Hervé , non-executive director at Utilyx and former chief executive of EDF trading, provides some guidelines for managing both sets of risk
Head in the sand
There is still scepticism among energy market participants around Mifid. Some believe they are exempt, while many more are waiting to see what others will do. In view of the significant changes Mifid will make to the energy markets, these are not the…
Back to Basics Fund-linked notes
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Peter Green and Jeremy Jennings-Mares look at fund-linked securities