News

• Green groups blast Senate renewables bill

  18 June 2009

  Environmental groups have slammed a US Senate bill that would implement a federal renewable electricity standard (RES) because of a weakening of its targets, vowing to push for the reinstatement of stronger mandates as the bill navigates the legislative process.

• Investors focus on deforestation disclosure

  18 June 2009

  Investors are to call on companies to examine and disclose their role in tropical deforestation, via the Forest Footprint Disclosure Project (FFDP).

• Energy efficiency stocks soar on stimulus – HSBC

  18 June 2009

  Energy efficiency and energy management (EEEM) companies within the HSBC Climate Change Index have strongly outperformed this year, thanks to support from government stimulus packages, according to an HSBC report released last Thursday.

• Eurex launches hurricane futures

  18 June 2009

  Germany-based exchange Eurex is to launch hurricane futures on 29 June, it announced on Tuesday, targeted at asset managers, hedge funds, banks and insurance and reinsurance companies.

• US government steps back up for carbon capture

  18 June 2009

  The US government has resurrected the FutureGen Project – a major carbon capture and sequestration (CCS) pilot – although its future remains far from certain.

• Biofuel funding flow switches to new technologies

  17 June 2009

  Biofuel funding flow switches to new technologies

• Triodos scoops up sustainable bank of year award

  11 June 2009

  Triodos Bank was last week named sustainable bank of the year, the first time a specialist ethical bank has won the annual award given out by the International Finance Corporation (IFC) and the Financial Times. Standard Chartered was named runner up.

• Xstrata reports emissions increase in 2008

  11 June 2009

  Greenhouse gas emissions by Xstrata, the coal and metals mining giant, rose 7% in 2008 while the carbon intensity of its operations rose by 8%, but the company remains on track to meet its 2010 target for emissions intensity.

• Cox to retire as head of BP's alternatives

  11 June 2009

  BP's head of alternative energy, Vivienne Cox, is to retire from the company after four years of leading the division.

• Greens gain, but centre-right dominates, in EU elections

  11 June 2009

  The European Greens have heralded their increase in seats in last week's European Parliament elections, but with the centre-right parties as the dominant players, it looks unlikely that Europe's politicians will emerge with a stronger line on climate change in time for the UN's Copenhagen summit on climate change in December.