US group bought Slovak AAUs well below market price: greenwash or whitewash?

The story of Interblue Group, which bought Slovakia’s excess carbon dioxide emissions quotas at well below market price, becomes a growing cast of characters to emerge during the past two months from the murk surrounding the deal, writes SME.Read about a Swiss investigation into suspected money laundering.how former environment ministers Jaroslav Izák and Ján Chrbet, both nominees of the Slovak National Party (SNS), negotiated the quotas deal with Bilas and Norbert Havalec, who represented Interblue as its project managers. Havalec also worked as an advisor to the Environment Ministry under Izák, from which he wrote an analysis of the market in emissions quotas. Havalec and Bilas were, Bilas said, each paid €500,000 by Interblue Group for their services. In a highly disadvantageous deal in late 2008, Slovakia sold Interblue quotas to emit 15 million tonnes of carbon dioxide at €5.05 per tonne. See here.