(BN) CNOOC to Sell $12.6 Million of Carbon Credits to


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
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.

For Related News and Information:
Most-read alternative energy stories: MNI ALTNRG <GO>
For top news on renewable energy TOP ENV <GO>
New Energy Finance news and analysis: BNEF <GO>

--Editors: Baldave Singh, Randall Hackley.

To contact Bloomberg News staff for this story:
Feifei Shen in Beijing at +86-10-6649-7527 or

To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or