© The Financial Times Ltd 2014 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Pity the poor equity researchers. You spend weeks honing your models, inputting your data and finessing your conclusions, knowing all the while they could be blown completely off course by something as uncontrollable as the weather.
Well the team at Credit Suisse are taking no chances. And rather than watching the regular weather forecasters, which after all, predict only days in advance, they have kept their eyes on the most reliable source the US has to offer: groundhogs.
Much has been made of the nervousness with which Israel is watching events in Egypt. The peace treaty signed between the two countries in 1979 makes the relationship one of the most important regional alliances for Israel in the region, and Israel fears that a revolution could see the Egyptian government fall into the hands of Islamic fundamentalists.
Banks will have to supply 2 per cent of Europe’s GDP, or €2.9 trillion, to meet consumer demand for projects and technologies that tackle climate change, according to a new report from Barclays and Accenture.
The report took what it calculated to be the likely level of demand for things such as wind farms, energy efficiency measures and electric vehicles and estimated how much capital would be needed to fund these.
In a way, this looks like good news: demand is likely to be so high that it could provide a real opportunity for the banks. Rupesh Madlani, head of European renewables and cleantech equity research, told Energy Source: “There is a lot for the banks to play for here.”
- BP’s Russian row heads to UN court – The Telegraph
- Oligarchs add to oil giant’s troubles – FT Lex
- BP’s massive loss does not excuse its strategy – Terry Macalister, The Guardian
- BP’s largesse is a comfort blanket – FT Lombard
- BP joins Marine Well Containment Company – Argus
- China gives green light to mega hydro power dam – The Guardian
- GE says £100m UK turbine plant on track – WSJ (£)
- IEA sees ‘no real threat’ to oil transit via Suez canal – Bloomberg
- Oil price is under control – FT
- Natural gas: It’s not easy being green – NY Times Green blog
- Nuclear plants falter despite government push – NY Times
- Companies examine green plan to use Norway as ‘battery’ – The Times (£)
- California court clouds cap-and-trade outlook – Reuters