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CBp Carbon, a global leader in the field of recycling, has joined the Chicago Climate Exchange (CCX®), North America's only cap and trade system for all six greenhouse gases as a Liquidity Provider. The company’s CEO, Mr. John Novak, has also become a Trading Privilege Holder (TPH) of the Chicago Climate Futures Exchange® (CCFE®), a wholly owned subsidiary of the Chicago Climate Exchange. CCFE is a Commodity Futures Trading Commission (CFTC) Designated Contract Market, which offers standardized and cleared futures and options contracts on emission allowances and other environmental products. Becoming a TPH enables an individual or company to transact directly in the CCFE markets and to receive reduced transaction fees.
CBp President John T Novak stated: "I am very pleased with the great strides of our Company and very proud of our involvement with both such world class Exchanges as CCX and CCFE. Our vision is coming to fruition and we believe that we are a leader of the new wave of environmental companies. Market-based solutions on transparent and regulated exchanges can harness the entrepreneurial strength of industry, helping create jobs and address some of the most pressing issues of our times.”
“We congratulate CBp Carbon’s vision, under the leadership of John Novak, in acting on this critically important challenge of sustainability by joining the Chicago Climate Exchange and for John himself becoming a Trading Privilege Holder in the Chicago Climate Futures Exchange,” said Dr. Richard Sandor, Chairman and CEO of CCX. “Their involvement will significantly further the CCX and CCFE value proposition of price transparency and environmental integrity. We believe it will also help position CBp Carbon for success as the recycling industry continues to evolve to meet the public demand for high quality, environmentally-friendly products and 'green' energy.”
