the joy just keeps coming and coming
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UN Carbon Trading 'Increasingly Dangerous Place,' Barclays Says
2010-09-08 10:56:34.424 GMT
By Mathew Carr
Sept. 8 (Bloomberg) -- The United Nations emissions market
is becoming "an increasingly dangerous place to do business,"
according to an analyst at the investment bank of Barclays Plc.
A proposal that may require auditors to purchase improperly
issued greenhouse gas offsets may "wipe out" those firms with
excessive costs, Trevor Sikorksi, a London-based analyst at
Barclays Capital, said in a Sept. 6 research note. The proposal
from the UN's regulatory board also may add to "already long
delays" in credit approval, Sikorski said.
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To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
