Archive | April 2013

EU Carbon Posts Biggest Weekly Drop After Rescue Plan Rejected

By Mathew Carr – Apr 19, 2013 9:53 AM PT European Union carbon permits for December had their biggest-ever weekly decline after lawmakers voted against a plan to ease a supply glut and resuscitate prices in the world’s biggest cap-and-trade emissions market. The allowances dropped 34 percent this week and closed at 3.16 euros ($4.13) a metric ton […]

Carbon-Intensive Investors Risk $6 Trillion ‘Bubble,’ Study Says

By Sally Bakewell – Apr 18, 2013 4:01 PM PT Investors in carbon-intensive business could see $6 trillion wasted as policies limiting global warming stop them from exploiting their coal, oil and gas reserves, according to a report. The top 200 oil, gas and mining companies spent $674 billion last year finding and developing fossil fuel resources, according […]