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An overhead photo of a road submerged by floodwater.

The oil rally and low carbon credit performance

21/04/2021

Despite the rise in oil prices, low carbon bonds outperformed higher carbon emitting ones

Factories emitting pollution.

A lignite revolver? New EPH loan deal comment

03/04/2021

EPH €1 billion loan deal is effectively coal funding.

The steps of a government building.

Blackpink or BlackGold? Short KNOC notes

29/03/2021

Korea lets go the BlackGold oil sand project and backs Blackpink COP26.

Financial candles on a screen.

Low carbon credit performance in a 400% oil rally

24/03/2021

Amidst extreme price increases in fossil resource prices, low carbon credit relative performance remains robust.

The steps of a government building.

Tar sand new issue alert: Korea National Oil Corporation

24/03/2021

Given KNOC's tar sand exposure, syndicating banks should request a carbon footprint on behalf of KNOC.

The steps of a government building.

The Reformed SSA Trader: "Be aware of" ideas of March

12/03/2021

A proposal for JICA to sell Japan sovereign CDS instead of funding coal.

A financial analyst’s Bloomberg keyboard layout.

Bond portfolio fossil exposure review: PFA Pension

06/03/2021

PFA's engagement with Enbridge is positive but its position as a lender to Alberta poses issues.

Zero new coal mine financing? EQT infrastructure investors and Carmichael

02/03/2021

EQT’s recent JV with Adani likely breaches zero-based exclusionary rules.

An overhead photo of a road submerged by floodwater.

Short Total. Long Equinor (and/or iTraxx ESG)

02/03/2021

A credit short on Total, versus a long on Equinor could be attractive.

EQT and Adani Enterprises: Some ESG questions

24/02/2021

Private equity house EQT enters into JV with Adani Enterprises to build data centres.

Factories emitting pollution.

Brookfield: Coal and ESG mix like oil and water

11/02/2021

Brookfield looks set to launch a multi-billion dollar climate fund.

A financial analyst’s Bloomberg keyboard layout.

Coal, coup, CDP and credit: Adani Ports update

09/02/2021

In this report, we review the factors to be taken into account for Adani Ports bond investors.

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