Ex-Barclays Carbon Chief Trades From Home as Prices Surge
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Louis Redshaw, the former head of carbon trading at Barclays Plc, returned to the market amid a jump in permit prices since he left the bank in April.
Redshaw, 41, who resigned from Barclays in London after more than eight years at the company, is buying and selling European Union permits for his own account from his home in the southeast of the capital, he said by phone, declining to provide further details. Allowances climbed 33 percent this year, the best performance of 80 commodities tracked by Bloomberg. They rose to their highest level in more than a year today, trading at 6.74 euros ($9.17) a metric ton on the ICE Futures Europe exchange in London.