Citibank starts Kyoto offset trade in Israel | Reuters

JERUSALEM (Reuters) - Citibank has started to trade Kyoto-backed carbon offsets in Israel from green projects, it said on Tuesday.

July '07: Citibank says coal bad for environment and your stock portfolio

Thanks to Vickie Patton over at Environmental Defense for this information. Yesterday Citigroup downgraded coal stocks "across the board" in no small part because the industry has failed to respond to the growing perception (realization, I would say) that coal companies are "landscape-disfiguring global warming bad-guys." Citigroup also expects that "anti-Coal politics to intensify, with Carbon constraints almost certain to pinch." to which, I can only say that I certainly hope so, but still it's great to see this coming from Citigroup.