Friday, July 13, 2007

Europe Carbon Emission Permits Poised for Longest Losing Streak in a Year

(Bloomberg) -- European Union carbon dioxide permits
fell for a fifth straight day, poised for their longest losing
stretch in almost a year.

Allowances for delivery in December 2008 dropped as much as
39 cents, or 2 percent, to 19.40 euros ($26.72) a metric ton on
the European Climate Exchange in Amsterdam. The permits, which
have slid 10 percent this week, traded at 19.53 euros at 8:35 a.m.
local time.


Read more at Bloomberg Energy News

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