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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 (Reuters via CNN Money)

WHO
The New York Mercantile Exchange

WHAT
NYMEX will offer alternative energy index futures and options contracts with Ardour Global Indexes, LLC.

WHEN
The companies did not immediately say when the index futures would be available.

WHERE
The NYMEX Globex trading platform.

WHY
The weighted indexes will incorporate companies engaged in sectors, including biomass and wind and solar energy, as well as energy efficiency and environmental controls.

QUOTES
"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.