In July and August, the CFTC conducted hearings in order to see whether they should crack down on speculation. The provider of United States Natural Gas (UNG) vigorously defended their funds and dismissed accusations that they were affecting the markets.
CFTC Chairman Gary Gensler suggested that limits on oil and gas markets, as well as carbon trading, could be next, report Carolyn Cui and Sarah N. Lynch for The Wall Street Journal.
Timothy Gardner for Reuters reports that Congress is debating a bill that would set up an emissions market under which the government would set a cap on greenhouse gas pollution that declines over time and polluters and investors would buy and sell the rights to release greenhouse gases. Who would ultimately regulate this market is still a question mark.
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