Travis Johnson

Climate Exchange: Trading in Carbon Emissions

It's only a pink sheet because it's primarily traded in London -- I assume Goldman Sachs holds their shares in London. You can check out the ticker CLE on the LSE for more info -- thanks to all the chatter about carbon trading from California and the potential for federal movement on this, the shares have tripled since November. I've looked at this one before, too, and I regret not buying shares a few months ago, but haven't felt confident enough in their moneymaking ability to join in as a long term holder -- it's an odd business, partially run by true believers and owned by voluntary participants who operate more or less as nonprofits, and partially trying to become a modern, for profit exchange. If we get to the point that there is a globally accepted commodity in "carbon credits" I can't help but believe that there will be many competitors to facilitate the trading thereof.

Of course, it might still be an opportunity to get in on the ground floor of a tremendous business ... the risk just makes me nervous, especially because it's so news-driven and has climbed so quickly. I'd love to read more analysis of these guys.

Cheers,
Travis
Oneguysinvestments.com