Russell Karas Joins Xpansiv as Head of Carbon Market Development to Expand Portfolio of Carbon Contracts

SYDNEY, NEW YORK, SAN FRANCISCO, LONDON — Xpansiv, the global marketplace for ESG Commodities, today announced Russell Karas as Head of Carbon Market Development, joining the International Carbon team to expand the company’s portfolio of standardized carbon contracts.

“I’m overjoyed to be joining Xpansiv at this pivotal moment in the evolution of carbon markets,” Karas said. “My focus will be on building liquidity on Xpansiv market CBL, the number one marketplace for voluntary emissions credits, promoting transparency and integrity and expanding our customer base through sales and education efforts.”

There is steadily rising demand from traders and corporations around the world seeking more ways to price and transact emissions credits. “Supply standards and buyer demands are constantly evolving,” Karas said, “and the market needs standardized spot-market solutions more than ever. CBL is best positioned to fulfil this demand.”

Karas most recently served as Senior Director for CME Group, managing the company’s environmental and North American oil and refined products businesses. He oversaw the launch of several pioneering exchange-cleared environmental contracts, including CBL GEO and N-GEO futures. Prior to that, he was a consultant focused on climate policy and energy efficiency at Science Applications International Corporation.

“Russell brings more than a decade of experience developing global energy and environmental contracts,” said Xpansiv President and COO John Melby. “He joins our deep bench of carbon experts, expanding our expertise around price discovery and risk management.”

About Xpansiv

Xpansiv is the global marketplace for ESG-inclusive commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas™; H2OX, the leading spot exchange for water in Australia; XSignals, which provides end-of-day and historical market data; and EMA, the leading multi-registry portfolio management system for all ESG-inclusive commodities. Xpansiv is the digital nexus where ESG and price signals merge.

PR Contact: Rob Dalton, Xpansiv VP Marketing & Communications—