Lehman quietly shuts down its carbon-trading desk
I have no idea how to parse the long-term implications of this:
Lehman Brothers shut down its carbon emissions trading desk after the bank filed for bankruptcy protection, a source close to the company told Reuters on Monday.
The "source close to the company" declared the sudden stoppage "a bit anarchic." I agree! Lehman had announced that it would keep all operations going as it went through bankruptcy. Guess not.
Any comment on this development, Adam Stein?