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Scottish govt levies £75k in EU ETS non-compliance fines on Shell, Engie

Published 18:36 on July 17, 2018  /  Last updated at 18:36 on July 17, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

The UK’s partly-devolved Scottish government has fined two installations operated by energy majors Shell and Engie a total £75,000 for non-compliance under the EU ETS.

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Norway’s Equinor buys energy traders Danske Commodities for €400m

Published 16:03 on July 6, 2018  /  Last updated at 16:03 on July 6, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

Norway’s state-owned oil and gas producer Equinor has acquired Danish energy trading firm Danske Commodities (DC) for €400 million euros ($470 mln), it announced Friday.

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Ex-BP environmental head sets up US firm to trade biofuels, forest carbon

Published 14:57 on July 5, 2018  /  Last updated at 14:57 on July 5, 2018  /  Americas, Asia Pacific, Bavardage, Canada, EMEA, International, REDD, US, Voluntary Market  /  No Comments

The former head of environmental products trading at oil major BP has left to set up a US-based firm specialising in biofuels and forest carbon assets.

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Australian offset veteran leaves GreenCollar Group to start advisory firm

Published 10:46 on June 27, 2018  /  Last updated at 21:20 on June 27, 2018  /  Asia Pacific, Australia, Bavardage  /  No Comments

The head of environmental markets and strategy at Australia’s biggest carbon project developer has left the company to set up his own offset advisory firm.

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Bulgarian power plant owner reveals details of €79m EU carbon allowance purchase deal

Published 22:50 on June 21, 2018  /  Last updated at 10:15 on June 22, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

The US owner of a Bulgarian power plant that last week contracted to buy €79 million ($91.7 mln) in EU carbon allowances has revealed the details of the deal, shedding some light on the opaque world of corporate emission unit tenders.

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Dutch court jails EU carbon trading tax fraud ringleader for 8 years

Published 11:35 on June 15, 2018  /  Last updated at 13:26 on June 15, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

A court in The Hague on Tuesday sentenced a 46-year-old Pakistani man to eight years in jail over his role in masterminding a €6.5 million ($7.5 mln) tax fraud scheme via the EU ETS.

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Lawsuit over bank RBS’ role in £160m EU ETS tax fraud kicks off in London

Published 23:46 on June 14, 2018  /  Last updated at 09:56 on June 29, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

A £160 million ($212 mln) lawsuit against UK bank RBS brought by creditors over its alleged 2009 role in EU carbon trading tax fraud opened in London on Thursday.

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EU environmental campaigner joins Brussels PR firm

Published 19:00 on June 6, 2018  /  Last updated at 19:00 on June 6, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

A veteran EU environmental campaigner has joined a global public affairs consultancy firm, Carbon Pulse has learned.

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UK watchdog issues warning over London carbon trading firm clone

Published 19:28 on June 5, 2018  /  Last updated at 19:28 on June 5, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

The UK’s financial regulator has issued a warning about fraudsters using the details of a regulated London-based carbon trading firm to try to dupe investors.

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ETS delay puts China’s fledgling carbon industry in chokehold, survey shows

Published 09:50 on June 4, 2018  /  Last updated at 16:09 on June 4, 2018  /  Bavardage, China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

The delay of China’s national emissions trading scheme is threatening to choke the nation’s fledgling carbon market industry as a majority of companies have put a freeze on new hires and some staffers have been forced to take a pay cut to keep their jobs, according to a new survey.

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