Inside these posts: Cap-and-trade

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.


Exelon, others take industry clean-up in own hands

A group of utility executives who once lobbied Congress to cap greenhouse-gas emissions say they are now pressing ahead with their own efforts to clean up the industry.

“We’re making our own destiny,” said Chris Gould, vice president of corporate strategy for Exelon Corp. in Chicago, the nation’s largest owner of nuclear-power plants and one of the biggest backers of the failed “cap and trade” legislation. Get the full story »

ICE details staff cuts at Chicago Climate Exchange

Intercontinental Exchange Inc. is shedding some 40 employees from its U.S. environment bourse Chicago Climate Exchange (CCX) by the end of the year, with further cuts in 2011, ICE’s chief financial officer said. “We had about 66 people when we bought the company. I think we’ll be closer to 25 by the end of the year. And then we’ll reduce further into the first quarter,” Scott Hill told a conference call following a company earnings update this week.

The futures exchange group reported a stronger-than-expected 15 percent rise in quarterly profit on Monday.

Industry sources told Reuters in August that ICE had started to make layoffs at CCX in July due to the lack of U.S. action on climate change. Get the full story »

Deere leaves CO2 cap-and-trade group

Deere & Co. has quietly dropped out of a coalition of large companies that has supported a cap-and-trade program for reducing carbon dioxide emissions.

Deere, the world’s largest manufacturer of farm machinery, opted to leave the U.S. Climate Action Partnership in May because the group’s legislative strategy “no longer served as a foundation for moving forward” with climate change regulation, Ken Golden, a spokesman for the company said Tuesday. Get the full story »

Exelon chair calls for cap-and-trade, carbon tax

From Reuters | Exelon Chairman John Rowe said a cap-and-trade or a carbon tax are the only energy reform policies that would lead to cleaner energy, greater security, job
creation and lowest cost. Rowe made the remarks at a conference at MIT, adding that he thought chances of cap-and-trade passing are now “slim.” Chicago-based Exelon, is the country’s largest generator of nuclear power.

Get the full story: