Wednesday, April 28, 2010

Goldman Sachs owns at least 19% of Chicago Climate Exchange

"Goldman Sachs purchased a 10.1 percent stake in the UK-listed Climate Exchange, the parent company of the European Climate Exchange (ECX), in September 2006. The investment formed part of the Climate Exchange's merger with the Chicago Climate Exchange (CCX), strategically positioning the company—and by extension Goldman Sachs—in two significant markets. Goldman liked this position enough to double its stake in the deal to 19 percent last week, fueling a five percent surge in Climate Exchange stock on January 19, 2007."...from Ecosystem Marketplace, "For Goldman Sachs, long term greed means going green," by Christopher Wright

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