Bank of America and Climate Exchange call off joint venture

Bank of America originally announced, in July 2007, that it would set up a joint venture with Climate Exchange to further develop the bank’s carbon trading platform, while taking 0.5% of the issued share capital of the exchange group. The venture was to be structured so that the bank could take up to $25 million in Climate Exchange stock, depending on revenues generated.

However, a joint statement issued this week stated that, while Bank of America will continue as an investor in Climate Exc

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: