Richard Sandor: His Market is a Gas

Richard Sandor

Richard Sandor's vast collection of vintage photographs reflects his fascination with divergent thinkers, from Albert Einstein to Fidel Castro to Man Ray. Yet his tactic for saving the earth couldn't be more Establishment. He wants to entrust the task to financial markets.

Sandor, 60, the CEO and founder of Environmental Financial Products, based in Chicago, is one of several innovators who think the key to stopping global warming is to encourage companies to cut greenhouse-gas pollution by making it profitable for them to do so. The trick, contends the economist, who was a pioneer in the development of financial futures contracts...

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