Financial Soultions: JP Morgan Chase to boost carbon-credit trading business.

Sept. 14, 2009 - PRLog -- Carbon Acquisition Company Ltd, a wholly owned, subsidiary of JPMorgan Chase & Co., and EcoSecurities Group plc made known that agreement has been found  on the terms of a proposed cash offer for the entire share capital of EcoSecurities.

J.P.Morgan Ventures Energy Corp, pushed through 100 pence per share bid, and had the backing of shareholders representing 19.9 percent of the company, Financial Soultions has heard.

JPMC said EcoSecurities had successfully realized value from sourcing, developing and trading emission reductions, and pointed out that the company had moved into its first profitable period in the first half of the year.

A source known to Financial Soultions said “It looks like JPMorgan is backing the current management to take the business private."

The Irish based EcoSecurities flesh out clean energy schemes under the Kyoto Protocol's Clean Development Mechanism, which allows companies to sell off cuts in greenhouse gas emissions to emerging countries like China and India, where such cutbacks are cheaper to make.

EcoSecurities shares closed up 11.5 percent at 101.5, Financial Soultions research showed, indicating a positive reaction to the news in this ever expanding field of carbon credits.

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