Author: Guest Contributor

Want to wager a bet on the destruction of the planet?

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ALSO SEE:www.ubs.com/greenhouse

UBS to launch “climate change derivatives” index

By Paul J Davies
Financial Times of London

The first derivatives index designed to track the greenhouse effect is set to be launched in coming days by UBS, allowing investors to bet on the combined impact of carbon emissions and rising global temperatures.

The index follows on from the Swiss bank’s launch of the first global warming index last year and adds to a growing number of products from banks aimed at encouraging a broader range of investors to bet on the effects of climate change.

Both retail and institutional investors will be able to buy exposure to, or short sell, the UBS Greenhouse Index in much the same way they would the FTSE or Dow Jones stock market indices.

The level of the index will rise as the price of carbon emissions credits and global temperatures rise. Continue reading

April 1st Action Guide to Fossil Fooleries

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A book of ideas for action on April 1st…
Printable .pdf  here! (it’s formatted for printing, not viewing)

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Who are the fossil fools in your Neighborhood?

Anywhere you live, fossil fools are going to be engaging in destruction, poisoning of communities, and other filthy, climate changing business. Most of us live (sometimes ignorantly) in the shadow of toxic, combustion or extraction activities. Even if you don’t live near these points of destruction, unless your living off the grid, your utility company gets most of its energy from fossil fuels…and that’s despite any photos of wind turbines or solar panels on their website, or “green” options they are more then happy to charge you extra for on your bill.

If you’re not sure who they are, the first step to taking action on the fossil fools in your community is finding them! Continue reading