Quote:
CO2 Market on Brink as Price Continues to Slide
UK: April 28, 2006
LONDON - European carbon prices continued a collapse on Thursday that has wiped up to 50 percent off the value of carbon credits over the past week, hitting power prices and rattling utilities' share prices.
Traders said the carbon slide could spell the end for the first phase of the European Union's pioneering carbon trading market from 2005 to 2007.
Carbon credits for December 2006 delivery fell as low as 14 euros in early Thursday trading on the European Climate Exchange -- down more than 50 percent from a high of 31 euros last week.
Story by Gerard Wynn
REUTERS NEWS SERVICE
http://www.planetark.com/dailynewsst...6175/story.htm
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Anyone who bought these new "green" chip stocks, I hope they came with scuba gear because it's going under!