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The Scent of a Carbon Credit

-- Adam -- 02/14/2007

A creatively titled Bloomberg article today covers ways in which businesses are aiming to benefit from America's growing carbon-trading market. "Greed is motivating Wall Street to join the fight against global warming." First Reserve Corporation has partnered with Tyson Foods to capture methane from decomposing poultry scraps and farm-runoff ponds. "The investment firm then sells the credits to a power plant owner or another company that needs to meet state or federal pollution limits." This green endevor has been lucrative for First Reserve already, and the company's director claims a cap-and-tade law would make the company's carbon credit worth four times more. Potential returns like this have helped many in the business community "warm" to the idea of accepting the facts about climate change and supporting real limits and reductions on America's emissions.