Energy Risk
First agricultural swap on CME Clearport
Starsupply Renewables, a biofuels and agricultural commodities brokerage, has successfully brokered the first ever cleared swap for an agricultural product using CME ClearPort.
New York may up RGGI allowances
New York State may decide to allocate more allowances under the Regional Greenhouse Gas Initiative to ease the cost burden on compliance buyers, finds Pauline McCallion
Top executives leave RBS Sempra
Executive departures were planned and commodities remain core, according to statements from RBS and Sempra Energy
Emissions drop shows carbon markets are working, says Point Carbon
A 6% decrease on annual global emissions in 2008 in comparison to 2007 shows that the carbon markets are working, according to Point Carbon analysts.
First biodiesel paper swap traded through ClearPort
The first ever over-the-counter (OTC) biodiesel paper swap has been brokered by US firm Starsupply Renewables, through CME Group's ClearPort system.
Rosneft and TNK-BP trade on Saint Petersburg exchange
Russian oil companies Rosneft and TNK-BP have confirmed details of their trading activities on St. Petersburg International Mercantile Exchange (Spimex).
House unveils draft cap and trade bill
Democrats in the House of Representatives issued draft legislation today proposing an 83% carbon cap by 2050 and a national renewable energy requirement of 25% by 2025.
Constellation completes sale of trading units
Constellation Energy this week completed the divestiture of its Houston-Based downstream natural gas and international coal and freight business units.
Iberdrola Renovables: “No change in investment plans”
Spanish energy company Iberdrola Renovables has confirmed that it still plans to deliver all the wind projects planned for this year and will continue with its strategic plan to invest €18.8 billion by the end of 2012.
Low oil price puts supply growth at risk
Future oil supply growth could be hit by the fall from last July's peak price of $147 per barrel, according to a new study, with 7.6m barrels per day (bpd) at risk between 2009 and 2014.
Shanghai steel futures begin trading
The Shanghai Futures Exchange launched trading in steel futures on March 26 to modest success, with a wide range of trading houses supporting the new contracts, traders and analysts said.
Top executives leave RBS Sempra
RBS Sempra Commodities has confirmed that president Frank Gallipoli and CEO David Messer have left the company.
Phoenix launches platform for renewable credits
Interdealer broker Phoenix Partners has launched an electronic OTC trading platform for renewable energy credits (REC.)
Executive Board streamlines CDM processes
Tighter standards and more streamlined procedures for the accreditation of third-party certifiers of Clean Development Mechanism (CDM) projects were announced at the CDM Executive Board meeting held in Bonn, Germany yesterday.
EPA finding could trigger GHG regulation
The US Government is reviewing a proposed finding submitted last week by the Environmental Protection Agency (EPA) concerning the dangers posed to public health by greenhouse gas emissions.
Vattenfall enters UK power market
Vattenfall Trading Services has started trading over-the-counter and exchange wholesale power in the UK from its Hamburg office.
Suncor bids for Petro-Canada
Suncor has announced plans to boost its oil sands portfolio through a merger with Petro-Canada that will see the combined entity operate under the Suncor name.
European utility CEOs aim for carbon-neutral power by 2050
Sixty European electricity company CEOs have handed over a declaration to EU energy commissioner Andris Piebalgs in which they pledge to supply carbon-neutral power by 2050.
CME launches OTC grain swaps through ClearPort
The Commodity Futures Trading Commission (CFTC) has given regulatory approval for the CME to clear corn basis swaps and calendar swaps for corn, wheat and soybeans.
Deutsche Bank takes stake in iron ore brokerage
Deutsche Bank has taken an equity stake of undisclosed size in newly-established London Dry Bulk (LDB), a specialist physical and financial iron ore brokerage division of London Commodity Brokers.
LCH.Clearnet to launch OTC clearing service for spot emissions
LCH.Clearnet has announced intentions to launch a clearing service for UK participants in the spot market for carbon credits.
EcoSecurities makes first transfer on Voluntary Carbon Standard registry
Carbon project developer EcoSecurities has made the first transfer of Voluntary Carbon Units (VCUs) to Australian voluntary carbon retailer Climate Positive through the global Voluntary Carbon Standard (VCS)registry TZ1. The generated VCUs came from an…