ADR For Climate Exchange plc
One of our readers made a useful comment on our last post about Goldman Sachs and Climate Exchange plc. I thought some of you who are unlikely to go back to that post might be interested:
"Hey this article on the Climate Exchange was great information. But you should tell your readers that there is an ADR trading OTC here in the states - CXCHF. Get it while the gettin is good. How long 'til GS takes this to the big board?"
Thanks for this heads up, cascadehigh.
UPDATE: Following this post, I got the following note from another reader:
"I have not been able to track down any financial info on this company. It trades on the pink sheets, which is immediate reason for caution. It's a very interesting prospect, but where can I find any info on this company?"
This is a very good point, and one worth discussing. Climate Exchange plc [LSE:CLE or OTC:CXCHF.PK] is an interesting beast because, although carbon trading and the CCX and ECX have been in the news plenty of late, there is very little publicly available info on the holding company itself.
If you are looking for free investment-relevant info on CLE.L, I would recommend the following: (a) ADVFN's section on CLE.L; (b) the CCX' news section; the ECX' news section; and Hemscott's section on CLE.L (you have to register to access the information, but that is free of charge).
One of the most interesting "intangibles" about this company is that Dr. Richard L. Sandor, AKA the "Father of Financial Futures", is its chairman.
DISCLOSURE: I don't have a position in either CLE.L or the ADR.