06.12.2011 - Carbon trading runs out of gas
As if European debt talks weren't enough to hammer banks this holiday season, the do-gooders trying to profit from stemming global warming are also losing their jobs. JPMorgan, Commerzbank, UBS and others are cutting traders and analysts in climate-related businesses, Bloomberg reports. JPMorgan's MD for environmental markets has left by mutual agreement, UBS has fired its climate policy group and the alternative energy analyst at Commerzbank is gone. What once seemed like a promising area of expansion has disappeared like a puff of hot air...............................................Full Article: Source
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