August 19, 2009

Opportunities are in the air

My attention was caught last weekend by a segment in Maria Bartiromo's Wall Street Journal Report about how investors can cash in on the pollution market.

According to Richard Sandor, CEO of Chicago Climate Exchange, the carbon industry would be huge and would ultimately be the largest commodity in the world. He noted the success of the EPA's Clean Air Act in reducing acid rain as one of the main drivers in the push for carbon trading as alternative to carbon tax.

He said he is both an environmentalist and a capitalist (yes now you can be both!).

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