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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Post by fireintheholeon Mar 24, 2009 11:39pm
349 Views
Post# 15868083

This may keep natgas prices from falling...

This may keep natgas prices from falling...too far.
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U.S. halts hundreds of coal mining permits

The Associated Press

WASHINGTON — The U.S. Environmental Protection Agency put hundreds of mountaintop coal-mining permits on hold Tuesday, saying it wants to evaluate the projects' impact on streams and wetlands.

The decision, announced by EPA administrator Lisa Jackson, targets a controversial practice that allows coal mining companies to dump waste from mountaintop mining into streams and wetlands.

It could delay 150-200 surface coal mines, including mountaintop removal operations, according to the EPA.

Those permits are issued by the Army Corps of Engineers, an agency that has been criticized by environmental groups and has been sued for failing to thoroughly evaluate the environmental impact of mountaintop removal.

Under the Clean Water Act, companies cannot discharge rock, dirt and other debris into streams unless they can show that it will not cause permanent damage to waterways or the fish and other wildlife that live in it.

Last month, a three-judge appeals panel in Richmond, Va., overturned a lower court's ruling that would have required the Corps to conduct more extensive reviews. The appeals court decision cleared the way for a backlog of permits that had been delayed until the lawsuit was resolved.

The EPA's action on Tuesday leaves those permit requests in limbo a little longer.

“If the EPA didn't step in and do something now, all those permits would go forward,” said Joe Lovett, executive director for the Appalachian Center for the Economy and the Environment. “There are permits that will bury 200 miles of streams pending before the Corps.”

Carol Raulston, a spokeswoman for the National Mining Association, said further delays in the permits would cost the region high-paying jobs. “This is very troubling, not only for jobs in the region, but production of coal generally,” said Ms. Raulston.

In a separate action, the EPA recommended denying two permits the Army Corps of Engineers was planning to issue that would allow two companies to fill thousands of metres of streams with mining waste in West Virginia and Kentucky.

In letters sent Monday to the Corps' office in Huntington, W.Va., the EPA said that Central Appalachia Mining and Highland Mining Co. have not done enough to avoid and minimize damage to water quality and stream channels.

In the case of the Highland Mining's plans, which would fill in more than 4,000 metres of stream in Logan County, W.Va., the agency said it believes the project “will result in substantial and unacceptable impacts to aquatic resources of national importance

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