BioFinancial Corp: Creating new markets to trade in
"Evidence points to the water credit market as being the major environmental market to be formed"
John Regan knows a few things about environmental credits. Three-and-a-half years ago he founded Environmental Credit Corp, a carbon-credit supplier on the Chicago Climate Exchange. ECC installs covers over dairy and hog manure lagoons to trap methane, creating carbon credits that can be traded on the Exchange. He is now setting out to venture into the developing water markets with his latest project, BioFinancial Corp (BFC), a California and New York-based environmental credit project developer, credit aggregator and hedge fund group. BFC is launching a project development fund that will, in addition to trading carbon and other environmental credits, create and trade water credits.
"When I started looking at the carbon space five years ago, very few people knew what carbon credits were," says Regan. "Today, the carbon credit market is the fastest-growing market in the world and Wall Street is pouring billions into it.