US agriculture firm acquires green investment group
Bunge, a large agricultural firm in the US, has finalized the acquisition of premier green firm Climate Change Capital Group (CCCG).
Bunge’s intent to buy 100% of CCCG was announced earlier in the year, but despite being based in England much of the CCCG leadership will be retained. Current vice chairman James Cameron will step up as active chairman. The CEO and CFO will also stay in position as Bunge evaluates new opportunities in the California carbon market.
A spokesman for Bunge pointed out their continued presence in voluntary carbon markets in the US and their expectations to engage in the mandatory California market with the the additional perspective provided by CCCG.