(BN) Green Exchange Says It’s Checking for ‘Suspect Allowances’


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.

Link to Company News:{CME US <Equity> CN <GO>}

For Related News and Information:
Top Stories:{TOP<GO>}

To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or

To contact the editor responsible for this story:
Rob Verdonck at +44-20-3216-4149 or