JP Morgan Boosts Carbon Trading Resume With EcoSecurities Buyout
In the bidding, JP Morgan beat out EcoSecurities co-founder and former president Pedro Moura Costa, who had bid 90-pence per share, compared to JP Morgan’s offer of 100 pence, reports Reuters.
Ireland-based EcoSecurities Group works on clean energy projects under the Kyoto Protocol’s Clean Development Mechanism.
The deal has not reached final approval of JP Morgan shareholders, but appears certain to pass, Reuters reports.
Energy Manager News
- Energy Storage: It’s About the Software
- MIT Develops Promising New Battery Storage Technology
- India Launches Net-Zero Building Portal
- Companies Cooperating on Waste-to-Energy Projects
- Clean Energy Commitment in the Corporate and Local Small Business Sphere
- Xcel Asks for $90M ‘Switching Fee’ If Lubbock Utility Joins ERCOT
- EDF Sending 127 Climate Corps Fellows to 100 Organizations
- Capegemini, Siemens Working on Analytics Platform