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Green Exchange Says It's Checking for 'Suspect Allowances'
2010-12-02 15:31:39.808 GMT
By Catherine Airlie
Dec. 2 (Bloomberg) -- Green Exchange LLC, a New York-based
venture that includes Chicago Mercantile Exchange, Goldman Sachs
Group Inc. and ICAP Energy, is checking for "suspect" carbon-
emission allowances, Managing Director Henrik Hasselknippe said
in a telephone interview today.
"We are screening for suspect allowances based on the
currently available information" Hasselknippe said from London.
"Any action would need to be based on guidance from the
applicable regulatory authorities."
The EU contract for December expires on Dec. 20 on the
Green Exchange with delivery on Dec. 22, he said. The exchange
will check on delivery, he said.
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To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Rob Verdonck at +44-20-3216-4149 or
rverdonck@bloomberg.net
