Aug. 2, 2015, 8:41 AM
- President Obama will unveil the final version of his plan to tackle greenhouse gases from coal-fired power plants on Monday, in what he calls the nation's most important step to combat climate change.
- The revised Clean Power Plan will seek to slash carbon emissions from the power sector 32% from 2005 levels in 2030, and will require each state to submit a plan next year that spells out how it will meet the goal assigned to it.
- ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, PBW, DUG, BGR, XES, IYE, IEO, IEZ, QCLN, FENY, PXE, PXI, FIF, PXJ, PSCE, NDP, RYE, GRN, FXN, PUW, DDG, HECO, DRIP, GUSH
Jul. 31, 2015, 7:52 AM
- According to Reuters, the value of merger and acquisition deals through July 30 was $436.4B, including 14 deals worth over $5B apiece. Although down from June's torrid pace of $546.8B, it still ranks as the seventh busiest month on record. Leading the pack was Teva's $40.5B purchase of Allergan's generic drugs business.
- The top investment bank in terms of the total value of transactions was Goldman Sachs (NYSE:GS), involved in 35 deals worth $148.8B, including half of the top ten. JP Morgan (NYSE:JPM) was second with 30 deals worth $116.1B while Morgan Stanley (NYSE:MS) was third with 33 deals valued at $95.9B.
- Global M&A so far this year is $2.64T, up 41% from last year. The action in the U.S. is up 66%.
- Energy and healthcare are the leading sectors. There have been 1,557 deals in energy worth $407B. Healthcare is close behind with 1,577 deals worth $395B.
- ETFs: UNG, USO, OIL, UGAZ, UCO, DGAZ, UWTI, BIB, SCO, BNO, BOIL, GAZ, DBO, DWTI, DTO, UGA, KOLD, USL, GRX, UNL, IRY, BIS, IXJ, DNO, BME, UHN, DBE, OLO, SZO, DCNG, GRN, RJN, FUE, OLEM, JJE, ONG, UBN
May 17, 2015, 10:52 AM
- Crude has retraced about half of its 54% drop since last summer. According to a recent note by Wells Fargo, this is the fifth time since 1980 that oil prices have fallen by more than 50%. In the year following the bottom, crude prices bounced back by 70% on average.
- Energy stocks are a poor way to play the rebound. During the 70% retracement period, energy stocks fell 4.8% while the S&P gained 21%.
- Source: The Reformed Broker
- ETFs: UNG, USO, OIL, UGAZ, UCO, DGAZ, UWTI, SCO, BNO, BOIL, GAZ, DBO, DWTI, DTO, UGA, KOLD, USL, UNL, DNO, UHN, DBE, OLO, SZO, DCNG, GRN, RJN, FUE, TWTI, OLEM, JJE, ONG, RGRE, UBN
Nov. 12, 2014, 3:57 AM
- Following over nine months of talks and negotiations, the U.S. and China have announced a landmark agreement to curb carbon emissions.
- Under the joint plan, the U.S would emit 26% to 28% less carbon in 2025 than it did in 2005. China has pledged to stop its emissions from growing by 2030, its first-ever commitment to do so.
- ETFs: GRN, PBW, QCLN, GEX, PBD, ICLN, PZD, PUW, HECO
Sep. 24, 2014, 4:35 AM
- President Barack Obama urged countries to follow the U.S.'s lead on combating global warming at yesterday's U.N. Climate Summit.
- While leaders were united on laying the groundwork for a new global climate-change treaty, sharp differences arose on matters such as deforestation, carbon pollution and methane leaks from oil and gas production.
- The U.S. also decided not to join 73 countries in supporting a price on carbon, which Congress previously indicated it would reject.
- ETFs: GRN, PBW, QCLN, GEX, PBD, ICLN, PZD, PUW, HECO
Oct. 15, 2013, 6:58 PM
- The U.S. Supreme Court today agreed to review the EPA’s approach to regulating greenhouse gas emissions from refineries, power plants and other stationary sources, throwing the Obama administration's landmark rules into a state of uncertainty.
- The move was applauded by the American Petroleum Institute, which said “the Clean Air Act clearly only requires pre-construction permits for six specific emissions that impact national air quality - not greenhouse gases."
- The news breathes new life into lawsuits by industry groups and several states that challenged the EPA's regulations; last year, the D.C. federal appeals court sided with the EPA on nearly every issue in the case.
- ETFs: GRN, IDU, PUI, XLU, VPU, RYU, FXU, PSCU, UPW, SDP, UTLT, IEO, IEZ, IYE, PXE, PXI, XES, XLE, XOP, VDE, RYE, FXN, OIH, PXJ, PSCE, ERX, DIG, ERY, DUG, DDG.
Sep. 1, 2013, 9:00 AM
- Harvard economist N Gregory Mankiw, a former adviser to President George W Bush, believes a carbon tax would be the best way of attempting to cut U.S. emissions of the gas.
- The "fee would be built into the prices of products and lifestyles," says Mankiw. "When making everyday decisions, people would naturally look at the prices they face and, in effect, take into account the global impact of their choices."
- A Congressional bill to impose a carbon tax has been introduced by four Democrats, putting its passage through the House into doubt. Mankiw reckons that if the proceeds from the levy were used to reduce personal and corporate income tax, the Republicans might come on board.
- ETF: GRN
Feb. 26, 2013, 2:25 PM
"I cannot think of any reasonable excuse for a firm taking 1,422 calendar days to liquidate a product" quips Ron Rowland in reference to Credit Suisse's (CS) recent announcement it would finally return to shareholders the remaining assets of 3 ELEMENTS ETNs nearly 4 years after the notes were delisted. Additionally, ELEMENTS CS Global Warming ETN (GWO) was delisted before trading today. Rowland believes "the firm has demonstrated an outright disrespect" to holders of its ETNs. Investors still interested in a 'global warming' play can consider the iPath Global Carbon ETN (GRN) though miniscule AUM and volume mean significant caution is advised.| Feb. 26, 2013, 2:25 PM
Jul. 1, 2012, 3:32 AM
Australia's carbon and mineral resources taxes come into effect today, with major polluters facing a charge of A$23 ($23.55) per metric ton of so-called greenhouse gases they produce. Miners such as BHP (BHP) and Rio Tinto (RIO) will have to pay 30% of their profits from iron ore and coal. The government is optimistic about the revenues it will generate, but UBS is not so sure.| Jul. 1, 2012, 3:32 AM | 8 Comments
Jun. 19, 2012, 12:02 PM
GE (GE +1.9%) teams up with Sargas to sell gas turbines for power stations that incorporate the Norwegian company's carbon-capture technology, which can catch 90% of emissions and for much cheaper than rival process. The CO2 can then be sold for use in oilfields at well below the $30/tonne that's paid in Texas. Everyone's a winner. (PR)| Jun. 19, 2012, 12:02 PM | 1 Comment
Dec. 21, 2011, 6:03 AM
The European Court of Justice rules that the EU can make airlines flying to or from the region's airports pay to offset their carbon emissions from Jan. 1. Airlines are unsurprisingly hostile, as is the U.S., where Congress has proposed legislation that would make it illegal to comply with the EU law.| Dec. 21, 2011, 6:03 AM | 4 Comments
Nov. 8, 2011, 10:12 AM
Australia's Senate passes the controversial Clean Energy Act - setting the stage for the new law to directly impact the country's 500 biggest polluters beginning on July 1, 2012. Under the closely-watched legislation, carbon emissions will be taxed at a fixed price of 23 Australian dollars ($23.8) per ton for 3 years before flexible pricing kicks in during 2015.| Nov. 8, 2011, 10:12 AM | 6 Comments
Oct. 27, 2011, 1:56 PM
Green bonds could give renewable projects a lift if they could catch some positive buzz as a plausible investment vehicle - instead of being viewed as an image-boosting play. State Street Global Advisors, for one, is looking to turn the tide with a new green-bond investing strategy that focuses on returns over premiums. "For this to work at scale there can be no haircuts involved in putting money into green, rather than brown or vanilla," notes a SSGA exec.| Oct. 27, 2011, 1:56 PM | 2 Comments
Oct. 12, 2011, 4:04 PM
Australia's carbon tax progressed through the lower house of Parliament, moving one step closer to becoming a law that will strongly encourage power companies to use less "dirty" coal. What worked Down Under that couldn't inspire similar legislation in the U.S. or Europe? Natural disasters and an endangered Great Barrier Reef set the right mood to overcome the perpetual lobbying by big businesses.| Oct. 12, 2011, 4:04 PM | 25 Comments
Oct. 6, 2011, 7:47 AMAirlines look set to lose a fight with the EU over an emissions trading scheme after a non-binding opinion reads in part: "International aviation in the EU emissions trading scheme is compatible with international law." Carriers landed on the radar of the EU starting in 2008 because they account for close to 3% of global greenhouse gases. | Oct. 6, 2011, 7:47 AM | 1 Comment
Oct. 4, 2011, 1:31 PM
The impact of a carbon pricing scheme in Australia is significant enough to get a mention in a statement from the head of its central bank, as debate progresses Down Under on climate control. Legislation to price carbon in the high-polluter nation is viewed as a potential driver for even bigger changes to climate control globally.| Oct. 4, 2011, 1:31 PM