Environmental Finance Online News

30 July: Pedro Moura Costa, former president and a co-founder of carbon aggregator EcoSecurities, formally made an offer to take over his old firm last week, six weeks after announcing his intentions.

30 July: UK defence and aerospace giant BAE Systems has signed a memorandum of understanding with Canadian biorefiner Lignol Energy – including the possible financing of commercial-scale cellulosic ethanol projects.

30 July: The latest issue of Environmental Finance is now available, featuring the winners of the annual Environmental Finance awards.

16 July: The UK government yesterday announced plans for how the country will reduce its greenhouse gas emissions by 18% against 2008 levels by 2020, unveiling additional support for renewable energy generation.

16 July: Oil and gas giant ExxonMobil is to spend up to $600 million over five to six years on research and development of biofuels made from algae and potentially more than $1 billion over the next 10–15 years.

16 July: A US federal grant programme could provide a much-needed boost to the renewable energy sector now that key guidance has been released, according to investors, but unresolved questions could limit its effectiveness.

16 July: Companies deemed 'sustainability leaders' using analysis developed by SAM have outperformed their peers, according to research carried out by Robeco.

16 July: Asset manager Sarasin & Partners has launched a long-only equity fund that will invest in global sustainable real estate companies and real estate investment trusts.

16 July: Société Générale has won a raft of plaudits for its socially responsible investment analysis in a survey by UKSIF, a UK-based sustainable investment and finance association and Thompson Reuters Extel, which also showed confidence that demand for sustainability research will increase this year.

16 July: The European Commission has given the green light to proposals by the UK to introduce an emissions trading scheme for sectors not covered by the EU’s existing cap-and-trade scheme.