LONDON, Nov 3 (Reuters) – JP Morgan’s <JPM.M> acquisition of
clean energy project developer EcoSecurities <ECO.L> will help
its clients manage commodity price risks, even if the investment
has a shelf life of only three years, JP Morgan’s head of global
A 105 pence per share offer by Carbon Acquisition Company, a
wholly-owned subsidiary of JP Morgan, was declared unconditional
on Monday after reaching shareholder acceptances of over 80
percent. The offer values EcoSecurities at 129 million pounds
LONDON (Reuters) – A combination of investment risks threatens to obstruct an already stumbling U.N.-backed $6.5 billion market in clean energy projects in emerging nations, years before the scheme’s first phase is due to end.
Under the Kyoto Protocol’s Clean Development Mechanism (CDM), companies or governments can outsource mandatory cuts in greenhouse gas emissions by buying offsets, called Certified Emissions Reductions (CERs), from projects such as wind farms or hydro dams in developing nations.
LONDON (Reuters) – Rookie James Johnson’s last second basket lifted the Chicago Bulls to a 102-101 pre-season win over the Utah Jazz in London and overshadowed British-born Luol Deng’s homecoming on Tuesday.
Johnson scored the game winner with 0.1 seconds left, giving the Bulls victory in front of a sellout crowd at London’s O2 arena.
LONDON (Reuters) – The Chicago Bulls arrived jet-lagged and injury-hit for their pre-season game against the Utah Jazz in London on Tuesday and for forward Luol Deng it will be a particularly special occasion.
The match at London’s O2 Arena will be the first time the Britain basketball team captain has played in his home country in a Bulls uniform.
AMSTERDAM (Reuters) – Renewable Energy Certificates (RECs) are not carbon offsets and should not be eligible as such under a U.S. climate bill, an environmental policy expert told Reuters.
Carbon offsets are generated by greenhouse gas cuts made by clean energy projects like wind farms that are ‘additional’, meaning they would not have been financially viable without the prospect of offset sale revenues.