GWO is defunct since February 26, 2013. Redeemed prior to expiration date by Credit Suisse
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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 | Comment!
Jun. 19, 2012, 12:02 PMGE (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. 1, 2011, 2:09 PMThe NOAA's annual report on the climate in the Artic says the region is witnessing warmer air and water temperatures with less summer snow and ice. The agency says the amount of sea ice recorded by satellite was the 2nd lowest since 1979 in its sure-to-be-disputed summary of data. The thinly-traded Credit Suisse Global Warming ETF (GWO) is up 2.7%. | Dec. 1, 2011, 2:09 PM | 1 Comment
Nov. 8, 2011, 10:12 AMAustralia'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 PMGreen 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 PMAustralia'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
Jan. 6, 2011, 2:50 PMChina unveils plans aimed at providing energy for its growing economy while lessening dependence on fossil fuels. So-called clean energy accounts for 8 percent of fuel supplies today, but is hoped to double by 2020, helped by investing $755M in nuclear, hydro, wind, and other sources. | Jan. 6, 2011, 2:50 PM | Comment!
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Global Warming ELEMENTS are designed to track the performance of the Credit Suisse Global Warming Index, Exchange Series. The Index is derived from the universe of companies that are involved in industries important to the fight against global warming. The Index is comprised of the 50 stocks within the global warming universe that score the highest on an objective, rules-based valuation scale.
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