The banking giant HSBC ejected two companies involved in carbon trading from its Climate Change Index on Monday because they had lost too much value.
A team of analysts from HSBC placed the bulk of the blame for the reversal of fortunes on failures by governments to come up with a timetable for a global climate deal at the United Nations summit in Copenhagen in December.
“Carbon trading was the major loser from Copenhagen,” HSBC analysts said in their March 21010 Quarterly Index Review. “Cap and trade needs hard targets and binding rules – and Copenhagen delivered neither,” HSBC said.
via greeninc.blogs.nytimes.com
But it is hard to stay focused with so much anger and bile!
