Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) will convene the first meeting of its expanded Energy and Environmental Markets Advisory Committee (EEMAC or Committee) on Wednesday, May 13, 2009 at 8 am at its headquarters in Washington, DC. The EEMAC, which includes previous representatives as well as eleven new experts on environmental markets, will focus for the first time on carbon dioxide and other emissions trading markets. The Committee will also examine energy markets and discuss legislation pending on Capitol Hill to regulate the role of speculators in commodity markets.
The Committee’s Chair, CFTC Commissioner Bart Chilton, said, “The CFTC has a longstanding history of federal regulation of derivatives trading—from monitoring exchange activity and ensuring financial responsibility, to carrying out disciplinary and enforcement actions—and we need to ensure we are prepared to address the trading of carbon. These could be the biggest commodity markets in years and the agency needs to be prepared to protect these markets and consumers alike from fraud, abuse and manipulation.”
The CFTC’s Division of Market Oversight will present an update on energy and environmental markets, and several Committee members will present their views on specific issues. The Commission has invited staff from other federal agencies as well to attend as observers.
The meeting is open to the public. The meeting will be webcast via the internet and audio of the hearing is also available via a listen-only conference call.
Energy and Environmental Markets Advisory Committee meeting
CFTC Headquarters lobby-level Hearing Room
May 13, 2009
8:00 a.m. – 12:00 p.m.
The CFTC has made available the following options to access the hearing:
Watch a live broadcast of the meeting via Webcast on www.cftc.gov.
Call in to a toll-free telephone line to connect to a live audio feed.
Call-in participants should be prepared to provide their first name, last name, and affiliation. Conference call information is listed below:
Domestic Toll Free (U.S. & Canada): 866-759-0291
R. David Gary
Last Updated: April 2, 2010