CO 2 venture launches in US

Blue Source, a US-based company which invests in carbon reduction projects and supplies offsets, has teamed up with private equity firm First Reserve to create the first US venture to reduce carbon dioxide (CO2) emissions across the energy, manufacturing and transportation sectors.

Potential investments targeted by the venture include projects that capture and sequester CO2 emissions from the flue stack in power generation, advanced energy conservation, methane capture from coal mines and agr