Vitol Group, the world’s largest independent oil trader, was ranked as 2010’s most productive developer of projects yielding tradable emission credits, according to a survey by Bloomberg New Energy Finance.
Vitol Group’s Carbon Resource Management sought credits last year for projects that may yield 11.1 million metric tons of United Nations-overseen greenhouse gas credits through 2020, according to the ranking. Climate Change Capital Ltd. and JPMorgan Chase & Co.’s EcoSecurities unit tied for second place, with projects that may yield 8.7 million tons and 8.6 million tons, respectively, in the period. The margin is statistically too close to call, according to a New Energy Finance statement.
