News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

ICE to scale back Climate Exchange

US emissions trading business being reviewed after collapse of climate change legislation

IntercontinentalExchange is examining the future of its new US emissions trading business after the collapse of climate change legislation.

The energy and commodity trading specialist acquired the Chicago Climate Exchange as part of its $597m (€720m) purchase of London-based Climate Exchange plc, which also runs profitable emissions units in Europe.

WSJ Logo