|Key People||Laurence Rose, chairman; Josh Margolis, CEO|
|Employees||More than 65|
|Products||Environmental and energy broker|
CantorCO2e was formed on March 12, 2007 by combining CO2e.com LLC and Cantor Environmental and Energy Brokerage. Cantor Environmental Brokerage was formed in 1992 as a subsidiary of Cantor Fitzgerald and founded by Carlton Bartels and provided OTC brokerage services for U.S. emissions contracts.
CO2e was formed in 2000 by Bartels, who was killed in the September 11th attacks on the World Trade Center, and CEO Steve Drummond, with a focus on markets in global greenhouse gases. In 2002, CO2e partnered with Mitsui & Co. to expand its services into Asia.
The two business units were combined in 2007 to address the increase in cross-border trading of environmental contracts and the growing linkage between energy and environmental decisions.
Products and Services
CantorCO2e is a brokerage firm which traces its roots back to 1992, making it one of the oldest environmental brokers in the space. CantorCO2e brokered the first:
- Illinois ATU Trade
- Baton Rouge ERC Trade
- Registered Houston Galveston NOx Stream
- Third Party RECLAIM Trade
- New Jersey - Pennsylvania ERC Trade
- Clark County Nevada Section 58 ERC Trade
- Connecticut company to company trade
- Financially Settled Index SO2 EA Trade
- Ozone Transport Commission NOx EA Trade
- Continuous Clean Air Auction
- Agriculture GHG Trade
- Canadian Government GHG Trade
The firm also created the first continuous emissions auction, a process that has been used by companies throughout the US.
In May 2008, the firm announced the launch of the Social Carbon Company, which is aimed at providing advice and carbon management services to project developers in the Verified Emission Reduction (VER) market.