"There's been a change in sentiment in the U.S. favoring emissions trading,'' says Richard Sandor, creator of U.S. Treasury futures at the Chicago Board of Trade and chairman of Isle of Man-based Climate Exchange Plc, which owns Europe's biggest exchange for trading permits.
Well, he would, wouldn't he?*
I think we have an early favorite for this year's Mandy Rice-Davies award.
From Bloomberg
*While giving evidence at the trial of Stephen Ward, Rice-Davies made the quip for which she is most remembered and which is frequently used by politicians in Britain. When the prosecuting counsel pointed out that Lord Astor denied having an affair or having even met her, she replied, "Well, he would, wouldn't he?".
