A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.
China’s CNOOC reaps windfall profits from ETS natural gas arrangements
A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.
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