Barclays’s Redshaw Said to Resign as Head of Carbon, Coal - Bloomberg
Louis Redshaw, Barclays Plc (BARC)’s head of carbon, coal and iron ore trading, resigned from the London- based bank, two people with direct knowledge of the matter said.
Redshaw, 40, left the company yesterday, one of the people said. Both people declined to be identified because the information isn’t public. The trader has bought and sold emissions permits at Barclays since 2004.
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“Louis has been a superstar in the market, having been there since the early days of the European Union emissions trading system,” Dirk Forrister, president of the International Emissions Trading Association in Geneva, said today by phone from London. His departure is “symbolic of a concern that we’ve been voicing to policy makers for a long time to sort things out,” he said.
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Redshaw has also worked at Electricite de France SA and Enron Corp, the world’s biggest energy trader until it filed for bankruptcy in December 2001.
“We’re seeing a lot of talent move on from the carbon market,” Forrister said. “It’s a real loss.”
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