Financial Soultions: Goldman Sachs in biggest U.S. carbon offset deal to date.

Oct. 12, 2009 - PRLog -- Financial Soultions sources have learned that Goldman Sachs, the full-service global investment banking and securities firm, has recently successfully marketed $12 million worth of carbon offsets to CE2 Carbon Capital in what is being lauded as the largest publicly announced U.S. offset deal thus far.

CE2 Carbon Capital is a U.S. investor and holder of carbon-based assets and commodities founded in 2005 with initial financial commitment of $125 million.

The offsets were marketed by Goldman Sachs, Financial Soultions believes, for Blue Source, a firm that created the offsets from projects aimed at deforestation as well as carbon capture projects at landfills and coal mines. Goldman Sachs holds a substantial stake in Blue Source.

The forestry offsets were created by persuading North Carolina farmers not to cut down tree stands, even though they had permits to do so, Financial Soultions understands Greg Spencer, president of Blue Source as commenting.

Financial Soultions understands that the companies said the deal was an indication that businesses are moving forward with a large array of carbon offset deals, not with standing the fact that the U.S. Congress still has to establish what kinds of offsets would be allowed in any national carbon market.

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