Alternative investment manager Man Investments has announced that its China Methane Recovery Fund has raised $600 million.

The plan is to extract coal bed methane gas from mines in the Shanxi Province of China and use it to generate electricity and produce carbon credits.

Simultaneously, Man Investments has announced the commencement of Man Environmental Capital Opportunities, which will look to invest in private equity projects pertaining to climate change, energy-related security and energy related technological innovations. The venture will be run by Nick Wood, who sits on the management committee of Man Investments.

Is this the smell of the future? Film fans will recall from the ominously prescient 1985 movie Mad Max Beyond Thunderdome, with oil having run out, the post-apocalyptic world was powered by a methane refinery, available in unlimited quantities courtesy of its pigs. Via the imposition of energy embargoes from time to time, the man who controlled the pigs, controlled Bartertown.