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Mitsubishi To Buy Shell Greenhouse Gas Emission Rights

Mitsubishi is going to buy greenhouse gas emission rights from Shell UK...

Mitsubishi Corp is planning to buy greenhouse gas emission rights from Shell Trading International as part of an expansion plan, a company spokesman said.

Mitsubishi will make the purchase, worth 10,000 tons of carbon dioxide, by around March 2003, the spokesman said, declining to give financial details.

"This will be the first time we purchase greenhouse gas emission rights in the London market. We wanted to use this opportunity to gain know-how of the market where we expect to expand in the future," the spokesman added