Jimmy_75000
Member Since: 06 Oct 2006
Location: London, UK
Posts: 1146
 
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| Article on Climate mrket with mention of Charles Hurst | |
Wire: BLOOMBERG News (BN) Date: Dec 4 2009 5:01:29
Carbon Capitalists Warming to Climate Market Using Derivatives
By Lisa Kassenaar
Dec. 4 (Bloomberg) -- Across Uganda, thousands of women
warm supper over new, $8 orange-painted stoves. The clay-and-
metal pots burn about two-thirds the charcoal of the open-fire
cooking typical of East Africa, where forests are being chopped
down in the struggle to feed the region’s 125 million people.
Four thousand miles away, at the Charles Hurst Land Rover
dealership in southwest London, a Range Rover Vogue sells for
90,000 pounds ($151,000). A blue windshield sticker proclaims
that the gasoline-powered truck’s first 45,000 miles (72,421
kilometers) will be carbon neutral.
That’s because Land Rover, official purveyor of 4x4s to
Queen Elizabeth II, is helping Ugandans cut their greenhouse gas
emissions with those new stoves.
These two worlds came together in the offices of Blythe
Masters at JPMorgan Chase & Co. Masters, 40, oversees the New
York bank’s environmental businesses as the firm’s global head
of commodities. JPMorgan brokered a deal in 2007 for Land Rover
to buy carbon credits from ClimateCare, an Oxford, England-based
group that develops energy-efficiency projects around the world.
Land Rover, now owned by Mumbai-based Tata Motors Ltd., is using
the credits to offset some of the CO2 emissions produced by its
vehicles. Range Rover Vogue ‘17 TDV6
Gone: Range Rover Vogue '11 4.4TDV8, Range Rover Sport ‘59, Range Rover Sport ‘56
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Fri Dec 04 2009 3:04pm
CHPR is the evil 
jk James 
