Greenpeace protest at IPE fuels debate on emissions trading
Greenpeace’s invasion of London’s International Petroleum Exchange (IPE) on Wednesday was intended to draw attention to the environmental impact of ‘big oil’ on the day the Kyoto Protocol came into force. However, by attacking an exchange that is about to launch emissions trading – Europe’s biggest effort so far to encourage heavy polluters to reduce emissions – Greenpeace could stand accused of being unnecessarily incendiary towards business.
ECX chose to partner with the IPE because the London exchange is used by all the oil majors who will be the major players in the emissions market, said ECX head Peter Coster.
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