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Caught short

Emission trading

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China Aviation Oil (Singapore) Company (CAOSCO) began 2004 with an award for its risk management capabilities and a bright future as the trading arm of a near-monopoly supplier of jet fuel into China’s booming aviation market.

But it ended the year in bankruptcy, with its chief executive Chen Jiulin on bail from a Singapore jail, and with Singapore becoming the centre of a scandal surrounding the sale of 15.8% of the company by its parent China Aviation Oil Holding Company (CAOHC) which hid the

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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