IntercontinentalExchange Reports 26% Increase in 2010 Net Income

According to the press release, “IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of regulated global exchanges, clearing houses and over-the-counter (OTC) markets, today reported consolidated revenues of $285 million in the fourth quarter of 2010, an increase of 11% from fourth quarter 2009 revenues of $257 million. Consolidated net income attributable to ICE for the fourth quarter grew [...]

Texas files again to block EPA carbon rules in state

Reuters reports, “Texas on Thursday filed a fresh motion in federal appeals court to block the Obama Administration’s attempts to regulate greenhouse gas emissions in the state, one day after another federal court rejected the state’s petitions. At issue is the state’s lawsuit against the U.S. Environmental Protection Agency to prevent the agency from forcing [...]

France seeks tighter regulation of CO2 market

According to Reuters, “A French government report on Monday urged tighter regulation of the fast-growing carbon dioxide (CO2) emissions trading market, which has suffered from exploitation of legal loopholes and illegal sales practices. France’s finance ministry commissioned Michel Prada, former head of the country’s AMF stock market watchdog, to publish a report on the CO2 [...]

Japan may cut emissions by less than 25 percent

According to Reuters, “Japan cautioned on Friday that it could water down planned 2020 cuts in greenhouse gas emissions if other rich nations fail to make deep reductions as part of a U.N. deal due in Copenhagen in December. In Brussels, a draft report showed that European Union states were preparing to endorse an estimate [...]