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?

Grist thanks its sponsors. Become one.

Reader support helps sustain our work. Donate today to keep our climate news free. All donations DOUBLED!