1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 BP CEO Tony Hayward makes his opening remarks about the BP oil disaster in the Gulf of Mexico at the House Energy and Commerce Committee on Capitol Hill in Washington, June 17, 2010. Larry Downing/Reuters (Reuters) – LONDON (Reuters) – Tony Hayward, the former CEO of BP Plc, will spearhead the listing of a $175 million shell company aimed at investing in green energy projects in Europe, according to a bank involved in the deal. The Energy Transition Partners Special Purpose Acquisition Company (SPAC) will be listed in Amsterdam and will invest in companies working to decarbonize the world’s energy mix, according to the bank. Hayward will lead the company as its CEO. SPACs are shell businesses that raise money through an IPO in order to merge with a private firm and take it public afterwards. They are the most recent craze in financial markets, with record amounts raised in the previous year. Following the Deepwater Horizon accident in the Gulf of Mexico in 2010, Hayward left BP and became chairman of Glencore. Reporting Lawrence White’s contribution/n
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