Environmental Markets Correspondent/Communities Editor
Michael's Feed
Nov 6, 2013

UK watchdog says investors lose 24 mln stg in carbon credit scam

LONDON, Nov 6 (Reuters) – Nineteen companies selling carbon
credits have been shut in the past 15 months for bilking
investors out of 24 million pounds ($38.7 million), British
regulators said on Wednesday, warning more firms were trying to
sell carbon as a viable option for private investors.

The UK Insolvency Service said more than 1,500 investors had
been ripped off by the firms, which target mainly the elderly
with high pressure sales techniques and promises of hefty
returns of more than 40 percent.

Jul 3, 2013

EU Parliament backs carbon market support plan

STRASBOURG/LONDON, July 3 (Reuters) – The European
Parliament after months of bitter debate backed a plan on
Wednesday to boost carbon prices, throwing a lifeline to the EU
Emissions Trading System (ETS) and the bloc’s push for greener
energy.

EU politicians in Strasbourg voted 344-311 in favour of
temporarily removing up to 900 million permits from trade,
tackling oversupply that has sent carbon prices to record lows.

May 12, 2013

Olympiakos storm past Madrid to retain Euroleague title

LONDON (Reuters) – Olympiakos Piraeus defeated Real Madrid 100-88 with a dominant second half display on Sunday to win Europe’s premier basketball trophy for the second year running.

Inspired by a vocal travelling support who defied Greece’s economic problems to make the trip to London, Olympiacos battled back from 27-10 down after the first quarter of the Euroleague final to take the lead early in the second half.

Apr 15, 2013

Barclays broke rules, used advisory staff for CO2 deal: lawyer

By Michael Szabo

LONDON, April 15 (Reuters Point Carbon) – Barclays plc (BARC.L: Quote, Profile, Research, Stock Buzz) broke internal rules by transferring advisory staff with confidential information to its acquisitions team to help buy a Swedish carbon credit firm, a lawyer for a former client said on Monday.

London-based trading house CF Partners is suing the bank for 82 million euros ($107 million), saying Barclays advised it on a potential bid for Stockholm-based Tricorona in 2008 then used the information to buy the carbon firm itself two years later.

Jan 18, 2013

Knicks ease past Pistons in London showdown

LONDON, Jan 17 (Reuters) – Carmelo Anthony led the New York Knicks to a 102-87 victory over the Detroit Pistons in London on Thursday, just five months after he helped Team USA take basketball gold on the same stage at last year’s Olympics.

Anthony, the Knicks’ leading scorer and candidate for the league’s Most Valuable Player award this season, recorded 26 points in the sold out London affair, the third regular season NBA game to be played at the city’s O2 Arena.

Jan 16, 2013

Gold medallist basketball player Anthony hungry for London win

LONDON (Reuters) – Carmelo Anthony, fresh from an extreme self-imposed diet, is eager to help grow the NBA’s global brand and position his New York Knicks for a title run when they face the Detroit Pistons in London on Thursday.

The match marks the return of U.S. professional basketball to the O2 Arena, the same London stage where Anthony helped lead the United States to a gold medal at last year’s Olympics.

Jan 16, 2013

Gold medallist Anthony hungry for London win

LONDON, Jan 16 (Reuters) – Carmelo Anthony, fresh from an extreme self-imposed diet, is eager to help grow the NBA’s global brand and position his New York Knicks for a title run when they face the Detroit Pistons in London on Thursday.

The match marks the return of U.S. professional basketball to the O2 Arena, the same London stage where Anthony helped lead the United States to a gold medal at last year’s Olympics.

Jul 31, 2012

Euro climbs, but gains seen limited before ECB

LONDON, July 31 (Reuters) – The euro rose against the dollar
on Tuesday on month-end demand, but stayed below three-week
highs on doubts the European Central Bank can meet market
expectations of bold steps to combat the debt crisis.

Expectations that the ECB may lower interest rates in coming
months saw the euro hit a record low against the higher-yielding
Australian dollar. The Aussie was also buoyed by comments from
Chinese premier Wen Jiabao that China would fine-tune policy to
support economic growth.

Jul 31, 2012

Euro steady, investors nervous before ECB meeting

LONDON (Reuters) – The euro was subdued against the dollar on Tuesday, trading below recent three-week highs on growing doubts the European Central Bank can meet market expectations of bold steps to combat the euro zone debt crisis.

The euro hit a record low against the growth-linked Australian dollar, with higher-yielding currencies retaining gains on expectations that both the ECB and the U.S. Federal Reserve will nonetheless ease policy to support faltering growth.

Jul 30, 2012

Sterling down vs dollar as market awaits policymakers

LONDON, July 30 (Reuters) – Sterling lost ground against the
dollar on Monday, in line with a broadly weaker euro, as poor UK
data coupled with investor unease over whether the European
Central Bank will me e t market expectations to support the euro
zone weighed.

The euro zone is the UK’s biggest trading partner and
investors are hoping the ECB will announce bold measures when it
meets this week to stem the euro zone debt crisis. If the ECB
meets expectations, it could boost risk appetite and sterling,
but if it fails to deliver, assets which have a robust
relationship with stocks could suffer.

    • About Michael

      "Michael Szabo is an environmental markets correspondent based in London, UK. His focus is on carbon emissions trading, but also looks at renewable energy and climate change policy and science. He also manages the Global Carbon Forum."
      Joined Reuters:
      June 2005
      Languages:
      English, French
    • More from Michael

    • Follow Michael