Goldman Sachs Buys Into Carbon Offsets
(Article from November 2008 in the NY Times)
Goldman Sachs has recently bought pieces of
two carbon-offset companies, in the latest sign of investment banks’
interest in the area.
On Monday E+Co,
a company focused on bringing clean power to developing countries,
announced that Goldman had purchased a majority of its carbon-offsets
portfolio. In late October, Goldman took a minority stake in BlueSource, which is more focused on the tiny offsets market in the United States, and plans to market BlueSource offsets to clients.
Last December, Goldman also invested in APX, a California company that registers carbon offsets.
“These two deals show Goldman Sachs’ interest
in the global carbon market and our commitment to assisting our clients
who participate in these markets,” said Michael DuVally, a bank
spokesman, in an e-mail message.
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