The equity group, led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group, agreed to stop plans to build eight new coal-fired power plants, not to propose new coal-fired plants outside Texas and to support mandatory national caps on emissions linked to global warming."
Nice scam. Say you were going to build coal plants (true or not), announce that you will stop this plan, earn carbon credits.
"The equity group, led by Kohlberg Kravis Roberts & Co."
No surprise that financial traders would prefer to make their money off financial paper trades than by building something.
Enron had "built" fictional plants in Russia which they intended to "close" in order to earn carbon credits.
I didn't know that. Interesting.
How many carbon credits do I get?
What can I use a carbon credit for?
"Kohlberg Kravis Roberts & Co......"
Interest group that their management contributes to:
http://www.newsmeat.com/fec/bystate_detail.php?city=Greenwich&st=CT&last=STUART&first=SCOTT