First California carbon [swindle] trade at $11.50

The first trade in California carbon emissions allowances has taken place at $11.50 a tonne, according to the broker that handled the transaction. Bloomberg reports Spectron brokered the trade last week, a forward contract over California emissions trading allowances, offered by UK bank Barclays to US power company NRG Energy.

CCX CFI End of Day Summary

[At the dying Chicago Climate Hoax Exchange, offsets are still going for a nickel per ton]