TGS to pay Deutsche Bank $5m after losing emissions credits case

May 28, 2012 | 11:30 AM |

Total Global Steel (TGS), a category V member of the London Metal Exchange, has been ordered by the High Court in London to pay Deutsche Bank €4.18 million ($5.24 million) in damages after selling the bank expired carbon credits. TGS sold 492,000 Certified Emissions Reductions (CERs) to Deutsche Bank through the European....





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