Man Group in Gulf waste gas move

When the world's largest purveyor of alternative investments hooks up with Abu Dhabi; I'd bet this qualifies for U.N. Clean Development Mechanism credits!
From the Financial Times:

Man Group has teamed up with an Abu Dhabi-owned investment company to make electricity from the gas produced as a byproduct of oil drilling, which is currently wasted in the form of flaring.

Abu Dhabi will inject the first $300m (£151m) into a new fund, which aims to raise $1.5bn, and will receive a small equity holding in the management company....MORE

UPDATE: duh "...A second revenue stream will be provided by carbon credits."