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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (5656)	3/21/2007 11:08:14 AM
From: Wharf Rat	of 24213

NYMEX to offer clean energy futures The weighted indexes will incorporate biomass, wind and solar companies as well as firms in energy efficiency and environmental controls. March 20 2007: 5:15 PM EDT NEW YORK (Reuters) -- The New York Mercantile Exchange will soon offer alternative energy index futures and options contracts on its Globex electronic trading platform, the energy and commodities bourse said Tuesday. "We have seen an interest in what we believe will be an expanding segment of the world's energy markets, and we strive to introduce innovative new products to the energy arena," NYMEX Chairman Richard Schaeffer, said in a release. NYMEX will soon offer index futures and options contracts in renewable energy. NYMEX, mostly known as an oil and natural gas exchange, will develop the indexes with Ardour Global Indexes, LLC. The weighted indexes will incorporate companies engaged in sectors, including biomass and wind and solar energy, as well as energy efficiency and environmental controls. Ardour was founded in 2005 to develop benchmarking tools for the global alternative energy industry. The companies did not immediately say when the index futures would be available. ________________ money.cnn.com

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