Banks who kept the faith look for carbon payday
22 May 2009
For the handful of investments banks that resiliently kept their carbon-trading desks during the financial crisis, a potential payday may come a step closer this week as the US debates its emissions future.
Morgan Stanley and Barclays were among banks that continued to trade in U.S. regional markets as well as Europe, anticipating that the market would balloon with U.S. legislation capping carbon emissions.
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