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RELEASE: pr5716-09

  • Release: 5716-09
    For Release: September 14, 2009

    CFTC Advisory Committee to Discuss Energy and Environmental Markets

    Committee to provide views on emissions trading markets and relevant energy issues.

    Washington, DC – The Commodity Futures Trading Commission (CFTC or Commission) will convene the second meeting of its expanded Energy and Environmental Markets Advisory Committee (EEMAC) at 8:00 a.m. EDT, on Wednesday, September 16, 2009, at the CFTC’s New York Regional Office, 140 Broadway, 19th Floor, New York, NY 10005.

    The Committee will focus on recent CFTC hearings on position limits and hedge exemptions, regulatory reform and legislative proposals, and carbon and other emissions trading markets.

    Bart Chilton, the Committee’s Chair, stated that “As Congress once again takes up the important topic of cap and trade legislation, the issue of regulatory oversight in these markets becomes even more critical. The CFTC has a longstanding history of federal regulation of derivatives trading—from monitoring exchange activity to ensuring financial responsibility to carrying out disciplinary and enforcement actions, and it’s very important to have the federal oversight of the entire market as seamless as possible. These markets will be so big, and their impact so large, that the oversight needs to be done right—from the outset.”

    The CFTC’s Division of Market Oversight will present an update on energy and environmental markets, the Office of Legislative Affairs will present an update on current legislation and several Committee members will present their views on specific issues. The Commission has invited staff from other federal agencies to attend as observers.

    The meeting is open to the public. The meeting will be webcast via the internet and audio of the hearing will be available via a listen-only conference call. Individuals may also view the hearing via teleconference at the Commission’s headquarters in Washington, D.C., Three Lafayette Centre, 1155 21st Street, N.W.; and the Commission’s Chicago Regional Office, 525 West Monroe Street, Suite 1100.

    What:

    Energy and Environmental Markets Advisory Committee Meeting

    Location:

    CFTC New York Regional Office, Hearing Room
    140 Broadway, 19th Floor, New York, NY 10005

    Date:

    September 16, 2009

    Time:

    8:00 a.m. – 11:00 a.m. EDT

    Viewing/Listening

    Information:

    The CFTC has made available the following options to access the hearing:

    1. Watch a live broadcast of the meeting via Webcast on www.cftc.gov.

    2. 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: (888) 691-4252
    International Toll: (404) 537-3379
    The conference ID: 20577008
    Call leader name: Bart Chilton

    Media Contacts
    Scott Schneider
    202-418-5174

    R. David Gary
    202-418-5085

    Last Updated: September 14, 2009

See Also:

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  • 202-418-5080
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