As Congress gears up for a debate on a national “cap-and-trade” program to limit greenhouse gas emissions, resumes from Wall Street — or from ex-Wall Streeters — are flooding into the nation’s few carbon-trading shops.
“Right now we’re probably seeing like 10 to 15 résumés a month,” said Evan Ard, a spokesman for the carbon brokerage Evolution Markets.”But back during Wall Street bonus time, we were seeing two to three times that,” he said, hinting at the inclination among some Wall Street professionals to take their bonuses and run.
Mr. Ard said that interest from Wall Street had started picking up significantly toward the end of last year (which is, of course, when plenty of bankers were sent packing by their collapsing firms).“I think that the guys on Wall Street, as well as people in related industries, all kind of see this as a growth area in the economy, or a potential growth area in the economy and would like to get involved,” Mr. Ard said....MORE
Tuesday, May 19, 2009
Wall Streeters Look to Join Carbon Trading
From the New York Times' Green Inc. blog: