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EU Says Emissions Allowance Theft Near $40 Million

The European Commission now says that more than two million emission reduction certificates worth roughly €28 million ($37.7 million) were extracted from the Czech registry in Tuesday’s heist.  Sources tell Ecosystem Marketplace that the thieves sold the credits within minutes of the theft — long before the theft was discovered Wednesday morning.

20 January 2011 | The European Commission now says that more than two million emission reduction certificates worth roughly €28 million ($37.7 million) were extracted from the Czech registry in Tuesday’s heist.   Sources tell Ecosystem Marketplace that the thieves sold the credits within minutes of the theft — long before the theft was discovered Wednesday morning.

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