The Corner

Lehman Bros: The Environmentalist Connection

The demise of Lehman Bros will be mourned perhaps most by the environmental movement. The bank was, like Enron, a big booster of carbon pricing and its recommendations on the subject had begun to be adopted by governments around the world. Its MD, Theodore Roosevelt IV, sits on the board of a vast number of environmental groups, including Al Gore’s Alliance for Climate Protection (and I understand Lehman Bros was the banker for Al Gore’s trading firm GIM). A lot more on this for those intrigued is here, along with links to other articles on the subject.

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