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Bank of America analyst Andrew Obin said Democratic control of Congress might mean more environmental liabilities for the industrial conglomerate.

As the world’s climate shifts, the shape of our future becomes more and more uncertain. However, Wall Street is poised to make a profit out of this uncertainty, by allowing water to be traded just like any other commodity. The ‘water market’ — the first of its kind in the world — launched last month on the Chicago Mercantile Exchange, according to Bloomberg News. All in all, it opened at roughly $1.1 billion in contracts tied to water prices in California. Trading water “Climate change, droughts, population growth, and pollution are likely to make water scarcity issues and pricin...

Wed, 09 Dec 2020 00:00 UTC Water may be the basis for all life on earth, but it may soon become one of the hottest commodities on the Wall Street futures market due to its scarcity as a good. Water will soon see its price fluctuating like other commodities including wheat, gold, and oil, now that the CME Group has launched futures contracts tied to the spot price of water. The Nasdaq Veles California Water Index, which measures the volume-weighted average price of water in California's five primary watersheds, began trading under the ticker NQH20 on the Chicago Mercantile Exchange on Monday....

WASHINGTON/CHICAGO -- General Electric Co has agreed to pay a $200 million penalty to settle charges for misleading investors over how it was generating

General Electric Co. has agreed to pay a $200 million penalty to settle charges for misleading investors over how it was generating earnings in its power