Here is an email: The Emmisions book under Kevin McGowan will take a one time $4 Million hit today. This is to move the curves to better reflect the current market. This hit will stay in the Coal group but will be removed from its P/L from a performance measurement standpoint. Now that the curves are corrected I expect a focus on building our emmisions trading business in the following ways: 1. Understanding the fundamentals. 2. Taking advantage of structural shifts that we forecast. 3. Building more liquidity and being the primary market maker. 4. Developing new traders. Thanks
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Emmisions