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CNOOC to Sell $12.6 Million of Carbon Credits to Citigroup
2010-12-13 09:06:55.490 GMT
By Bloomberg News
Dec. 13 (Bloomberg) -- CNOOC Ltd., a Chinese crude oil and
natural gas producer, agreed to sell carbon emission credits
from a wind farm to Citigroup Inc. for 84 million yuan ($12.6
million).
The 7-year purchase agreement will include about 840,000
tons of carbon emissions from the 49.5-megawatt Huade wind farm
in Inner Mongolia, CNOOC said in a Dec. 10 website statement.
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Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net.
