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Man Group seeks 'green' profits ( Carbon Credits )
IHT ^ | March 23, 2007

Posted on 03/23/2007 12:54:25 PM PDT by Shermy

LONDON: Man Group, the world's largest publicly listed hedge fund manager, will introduce funds seeking to profit from so-called green investments like carbon-emissions credits, said Stanley Fink, the outgoing chief executive of the company.

< snip >

"While the science of global warming is quite scary, there are opportunities there."

Man, which oversees more than $60 billion in hedge fund assets worldwide, joins hedge fund managers like GLG Partners in offering clients the possibility of making money while helping the environment at the same time.

"You should expect a stream of funds from us in the next three of four years from an internal task force that we've labeled Green Man," Fink said.

He said the funds would trade permits for carbon dioxide emissions, which offer a less-expensive way for corporations to reduce their so-called carbon footprints — the amount of carbon released into the atmosphere by their activities.

"While it's possible to stop certain carbon-emitting activities through taxation, that is a blunt instrument," Fink said.

The funds could offer returns of 10 percent to 15 percent, and the response from potential investors "seems to be quite favorable," Fink said.

The funds would keep investors' money in for "reasonably long" periods, he said.

(Excerpt) Read more at iht.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: capandtrade; carboncredits; carbontrading; climatechange; environment; globalscam; globalwarming

1 posted on 03/23/2007 12:54:28 PM PDT by Shermy
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To: xcamel; NormsRevenge; calcowgirl

.


2 posted on 03/23/2007 12:57:00 PM PDT by Shermy
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To: Shermy

Just what the heck are "carbon credits" and what are they supposed to do?............


3 posted on 03/23/2007 12:57:20 PM PDT by Red Badger (If it's consensus, it's not science. If it's science, there's no need for consensus......)
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To: Shermy
Given the recent climate change (pun intended) on the whole Manmade Global Warming topic, I'd be shorting Carbon Credits.

OTOH, I was thinking of replacing my Camry with a Hummer. But if someone would like to purchase some Carbon Offsets from me, I'll buy a Scion Tc instead.

4 posted on 03/23/2007 1:02:01 PM PDT by Yo-Yo (USAF, TAC, 12th AF, 366 TFW, 366 MG, 366 CRS, Mtn Home AFB, 1978-81)
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To: Red Badger
A picture speaks a thousand words...


5 posted on 03/23/2007 1:06:26 PM PDT by Shermy
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To: Shermy

Stupid question: what are hedge funds?


6 posted on 03/23/2007 1:08:12 PM PDT by Seņor Zorro ("The ability to speak does not make you intelligent"--Qui-Gon Jinn)
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To: Red Badger
In a cap and trade scheme, such as the one in the EU and the one being developed for California, everyone must adhere to a "cap" on greenhouse gas emissions. If you work it right and come in under that cap, you can take the balance, and sell them on an open market exchange. That balance is considered a credit. They are traded on the European Climate Exchange and the Chicago Climate Exchange, among others.

If you, as a company or entity, are over the "cap" then you must do something to get under the cap. Those include buying those "credits" from the exchange, or engaging in Carbon Offset projects. Carbon offsets are simply projects in 3rd world countries that help them become more efficient, etc. etc. etc. You can buy a stake in one of those projects and thus offset your carbon emissions.

Hope that helps.

7 posted on 03/23/2007 1:08:33 PM PDT by Solson (magnae clunes mihi placent, nec possum de hac re mentiri.)
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To: Shermy

I enjoy the Blue Man Group, and find them very entertaining,

but, the Green Man Group - not so much...


8 posted on 03/23/2007 1:09:48 PM PDT by Hegemony Cricket (Never let it be said that there are things we would never let be said.)
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To: Solson

"Carbon offsets are simply projects in 3rd world countries that help them become more efficient, etc. etc. etc."

Really, the big carbon credit creditor is not the "third world", but China. The projects/activities earning credits can by mythical, always unaccountable.


9 posted on 03/23/2007 1:12:10 PM PDT by Shermy
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To: Solson

"Carbon offsets are simply projects in 3rd world countries that help them become more efficient, etc. etc. etc."

Really, the big carbon credit creditor is not the "third world", but China. The projects/activities earning credits can by mythical, always unaccountable.


10 posted on 03/23/2007 1:12:14 PM PDT by Shermy
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To: Shermy
"While the science of global warming is quite scary, there are opportunities there."

Yes, the "science" of global warming is, indeed, scary.
11 posted on 03/23/2007 1:13:52 PM PDT by SJSAMPLE
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To: calcowgirl
Interesting article here.

He said the funds would trade permits for carbon dioxide emissions, which offer a less-expensive way for corporations to reduce their so-called carbon footprints — the amount of carbon released into the atmosphere by their activities.

The opposite is true. It isn't less expensive (unless you cheat in reporting, which everyone will be incentived to do.) There's no way assure any carbon at all is really offset, esp. with international trades. Changing technology on point would be more effective. Invest directly in energy efficient motors, etc., or some scheme imposing a carbon bureaucracy with trades and profits taken by the brokers.

"While it's possible to stop certain carbon-emitting activities through taxation, that is a blunt instrument," Fink said.

Blunt=no money for me, elegant=money for me. I've seen many times industry folks pitching the "elegant" word as a response to the common "why not just tax them directly?" question.

The funds would keep investors' money in for "reasonably long" periods, he said.

Translation: No firm commitment, since this is a risky endeavor given the Euro markets crashed a year ago, and insiders know that when 2012 comes around the new Kyoto is renegotiated which might rule to obviate the whole system, rendering the credits valueless.

12 posted on 03/23/2007 1:22:47 PM PDT by Shermy
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To: Shermy; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; honolulugal; gruffwolf; BlessedBeGod; ...

FReepmail me to get on or off


Click on POGW graphic for full GW rundown

Ping me if you find one I've missed.



13 posted on 03/23/2007 1:25:03 PM PDT by xcamel (Press to Test, Release to Detonate)
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To: SJSAMPLE

""While the science of global warming is quite scary, there are opportunities there.""

A "freudian slip", not what he wishes came out. He knows the "scary" part creates the best opportunities.


14 posted on 03/23/2007 1:25:44 PM PDT by Shermy
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To: Red Badger
Just what the heck are "carbon credits" and what are they supposed to do?............

Basically, you're rich. You scream about the planet and do nothing to conserve energy, etc. Then, you pay a company to find someone who will do the conserving FOR you..on your behalf.

Long story short....SCAM. The selling of NOTHING.

15 posted on 03/23/2007 1:28:10 PM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: Shermy

China is "third world" or "developing" according to Kyoto. So is India. That's a huge problem for buy-in when those two energy hogs and big polluters are exempt.


16 posted on 03/23/2007 1:59:01 PM PDT by Solson (magnae clunes mihi placent, nec possum de hac re mentiri.)
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To: Red Badger
Just what the heck are "carbon credits" and what are they supposed to do?............

See, you consume way to much energy, so what you must do is pay some bum on the streets money to rig his shopping cart up with solar panels so he can run his iPod off of. See how that saves the environment...

17 posted on 03/23/2007 2:09:33 PM PDT by Always Right
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To: Red Badger
They are supposed to make some crafty capitlists money by exploiting bleeding-heart liberals' lack of common sense.

Al Gore is a capitalist by the way. Just a dishonest one that uses politics and hysteria to line his own pockets.

18 posted on 03/23/2007 2:22:02 PM PDT by untrained skeptic
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To: Red Badger

Carbon Credits are the new Junk Bonds.

The rich liberals will profit on them and then it will collapse unto itself.

This should be investigated by the AG immediately. Oh wait...


19 posted on 03/23/2007 2:42:06 PM PDT by EQAndyBuzz (The Clintons: A Malignant Malfeasance of the Most Morbid)
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To: Shermy

I'd like you all to meet the fella I buy my caloric offsets from...


20 posted on 03/23/2007 2:49:37 PM PDT by Reaganesque
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To: EQAndyBuzz
The carbon credit commodity market will be the next dot com bubble and Enron all rolled into one. Someday someone will wake up and say, "Hey! Show me all the research and benefits from my purchase of carbon credits. Show me the thousands of trees I planted, and show me exactly how much cleaner I have made the Earth."

And the carbon barons will quickly get one-way tickets to elsewhere, with all that carbon money safely in offshore accounts, and...no forests of trees and no measurable benefits will be found. At that point, you won't be able to sell a carbon credit for a penny.

21 posted on 03/23/2007 2:54:20 PM PDT by Sender (Try to look unimportant; they may be low on ammo.)
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To: untrained skeptic
Al Gore is a capitalist by the way.

You sure about that? Here's some stuff from Generation Investment Management LLP, the company he co-founded:

• Sustainable development will be a primary driver of industrial and economic change over the next 50 years
• The global context for business is clearly changing—"Capitalism is at a Crossroads"
• Shareholders will be best served by companies who maximize their financial return by strategically managing their performance in this new economic, social, environmental and ethical context

Source

Poverty Penalty: As pointed out by C.K. Prahalad in his book, Fortune at the Bottom of the Pyramid, the current economic system makes it more expensive for people living in poverty to access goods and services to fulfill basic needs. Given the growing chasm between rich and poor, the current financial system disproportionately penalizes the poor. Below is an example of what Prahalad calls the ‘poverty premium’ or, perhaps more appropriately, the ‘poverty penalty'...

A capitalist system which disadvantages the poor in this way is flawed because it is based on an assumption that all poor people have an extremely high level of credit default risk. It also overlooks the fact that the poor already live a “dense life of economics” and often have a deeper sense of financial responsibility than the average person. This misconception also leaves room for companies that can operate cost-effectively to capture scale advantage in viewing the poor as able market participants rather than as victims.

Thematic Research Highlights, Pgs. 28-29

His company also states that water is a basic human right. Read the book!! Sounds Socialist to me.

22 posted on 03/23/2007 3:01:27 PM PDT by Reaganesque
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Just another layer of middlemen to cost everyone else money.....

I Hope the Global Warming Dogmatists stew in their own waste...


23 posted on 03/23/2007 3:21:39 PM PDT by wodinoneeye
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To: Shermy
"While the science of global warming is quite scary, there are opportunities there."

In other words, "we know carbon credits and global warming are a scam, but we intend to make as much dough from it as is humanly possible".

24 posted on 03/23/2007 4:38:13 PM PDT by Major Matt Mason (Moderates cannot be allowed to control the GOP - 11/7/06 is the proof.)
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To: Seņor Zorro
What is a hedge funds? It a little hard to explain. CO2 is listed as the commodity. You can buy or sell the commodity even thought you don't have physical possession of that commodity. How, you can also buy or sell options tied to the commodity. An option is the right to pay a certain price for the commodity at a future date. You can "hedge your bet" by buying the commodity at set price limit your lose by selling options. The money is made between cost and selling price of the two. If you are right you a huge amount of money but if you are wrong you lose a huge amount of money.
25 posted on 03/23/2007 6:44:21 PM PDT by steveab
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To: Puppage
You are right!!!!! And us consumer get the shift in higher prices.
26 posted on 03/23/2007 6:51:46 PM PDT by steveab
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To: Red Badger
Just what the heck are "carbon credits" and what are they supposed to do?............

You give them $1,000 of your hard earned money and they will buy a tree at the local nursery for $120 and plant it. It's a great scam and great work...if you can get it.

And whose company holds a boatload of stock in these Green Companies? I'll give you 3 guesses and the first two don't count. But his initials are Al Gore.

27 posted on 03/23/2007 9:16:48 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: Sender
Bubble? Are you saying that Global Warming is a scam? That cant' be. It's real, it has to be real. I just read it in Sports Illustrated so I know it's true.


28 posted on 03/23/2007 9:19:49 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: Shermy

I'm selling carbon credits.

For the small sum of $1,000.00 I will not cut my lawn until July 1st, 2007.


29 posted on 03/23/2007 9:20:41 PM PDT by airborne (Airborne! Ranger! Combat Tested Vietnam Veteran! DUNCAN HUNTER !!)
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To: Seņor Zorro

Unless you have at least 11 million in the bank...they want let you play.


30 posted on 03/23/2007 9:39:40 PM PDT by I got the rope
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To: EQAndyBuzz

---This should be investigated by the AG immediately. Oh wait...---

Good catch!


31 posted on 03/23/2007 10:00:54 PM PDT by claudiustg (See the little faggot with the earring and the makeup Yeah buddy that's his own hair)
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To: Shermy

It looks like Al is storing carbon in his cheeks.

32 posted on 03/23/2007 10:07:42 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: pandoraou812

Maybe I could make enough money investing in carbon credits to buy a Hummer? That would be nice.


33 posted on 03/23/2007 10:08:55 PM PDT by TigersEye (For Democrats; victory in Iraq is not an option!)
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To: TigersEye

nah your truck is prolly way nicer ~P~


34 posted on 03/23/2007 10:12:28 PM PDT by pandoraou812 ( zero tolerance to the will of Allah ...... dilligaf? with an efg.....)
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To: Moonman62
It looks like Al is storing carbon in his cheeks.

When the apocalypse comes he'll have plenty of fat stored up in his belly and nuts stored up in his cheeks.

35 posted on 03/23/2007 10:19:53 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: Seņor Zorro
Stupid question: what are hedge funds?

In this case you grow a hedge and fools pay you to do it.

36 posted on 03/23/2007 10:25:08 PM PDT by this_ol_patriot (I saw manbearpig and all I got was this lousy tagline.)
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To: pandoraou812

If I put the cost of a Hummer into it it would be. Right now it's a rusting hulk. It does have a bigger carbon footprint though.


37 posted on 03/23/2007 10:32:58 PM PDT by TigersEye (For Democrats; victory in Iraq is not an option!)
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To: Shermy

Bump!


38 posted on 03/24/2007 12:12:20 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: Shermy
Idiots! ITS SNOWING IN COLORADO! Where is the Global Warming? Scary, indeed. Muwahahahahahaha!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

39 posted on 03/24/2007 12:15:38 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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