Trading Emissions Renegotiating Unprofitable Carbon Deals - Businessweek
Trading Emissions Plc is seeking to renegotiate unprofitable carbon contracts and there are “encouraging” initial signs that Chinese sellers are taking a “pragmatic approach to the problem.” The company has an unhedged exposure of 11 million metric tons of Certified Emission Reduction credits, Trading Emissions said today in a statement distributed by the Regulatory News Service. They would be worth 39.7 million euros ($53.1 million) at yesterday’s closing price of December credits of 3.61 euros a ton on the ICE Futures Europe exchange in London.
Friday, March 30, 2012
The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.