Alcoa, Shell Want Climate Plan, Global Carbon Limits (AA; DUK; RDS)

From Bloomberg:

Alcoa Inc., Royal Dutch Shell Plc and 97 other companies are urging world leaders to devise a plan for fighting global warming by setting greenhouse-gas targets for all nations and creating an international carbon market....

...``We see enormous opportunity here for the global financial industry,'' Caio Koch-Weser, vice chairman of Frankfurt-based Deutsche Bank AG, Germany's biggest bank, said on the conference call. An emissions treaty enforced beyond 2012 might produce ``the makings of the global carbon market, with carbon almost as a currency 10 years from now.''>>>MORE