George Soros gave Ivanka's husband's business a $250 million credit line in 2015 per WSJ. Soros is also an investor in Jared's business.

Saturday, March 31, 2012

Carbon trading market sinking 'like Titanic,' 61% drop in past year due to slowdown in world industry

3/30/12, "Carbon ‘Like Titanic’ Sinking on EU Permit Glut," Bloomberg, bThe plunge in European Union carbon permits is putting prices on course for their longest-ever decline and shows no sign of ending as member states wrangle over curbing a glut in the market....

A surplus of permits and the inability of European nations to agree how to tackle the glut in the $120 billion market sent prices to an all-time low this year....

Permits have slid 61 percent in the past 12 months as industrial production slowed, reducing demand. Companies covered by the trading program discharged 1.93 billion tons of carbon in 2010, compared with their allocated 1.99 billion tons.

A potential set-aside of permits may offer only a temporary relief to the system, which needs a “deep overhaul” after expectations that a global climate deal will lead to a system of interlinked national markets failed to materialize, according to Jan Pravda, director of Prague-based Pravda Capital Trading....

The current price of greenhouse-gas pollution is less than a fourth of what policy makers expected it to be when the system was reviewed in 2008....

Poland also opposed the idea of a set-aside, which Environment Minister Marcin Korolec said would destroy the essential market features and undermine investor confidence in the stability of European legislation, according to a letter he sent to his counterparts."...




via Tom Nelson

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I'm the daughter of a World War II Air Force pilot and outdoorsman who settled in New Jersey.