Oil Traders Dump Iran

(IsraelNN) – The three largest oil trading firms in the world – Glencore, Trafigura and Vitol – announced Monday that they would no longer do business with Iran. A report in the London Financial Times said that the companies had concluded that there was too much risk and not enough profit in supplying Iran. The three companies had been responsible for supplying Iran with about half its daily oil use.

Source: Israel National News

MSM: Carbon traders charged in fraud case

(Reuters) – Three Britons and a Dutchman have been charged by Belgian authorities with money laundering in an investigation into fraudulent trading in carbon emissions permits, Belgian prosecutors said on Monday. Continue reading

MSM: Carbon traders deny sub-prime crisis brewing

The environmental charity said not only does the current system of trading permits fail to tackle climate change, it is also financially dangerous. Currently only Europe has an emissions trading scheme, where companies can buy and sell permits giving them the right to pollute the atmosphere with carbon dioxide. Continue reading