Skip to comments.Chicago Climate Exchange Names Founding Members
Posted on 09/20/2008 6:22:37 AM PDT by Calpernia
Excerpt of first source:
Chicago Climate Exchange Names Founding Members
Leaders from Automotive, Chemical, Commercial Real Estate, Environmental Services,Electric Power Generation, Electronics, Forest Products, Municipal, Pharmaceutical and Semiconductor Sectors to join North American Voluntary Private Sector Program to Reduce and Trade Greenhouse Gases
(CSRwire) CHICAGO,IL - Efforts to develop market-based solutions to global warming reach a milestone today as leading U.S. and international companies and the City of Chicago announce they will be the Founding Members of Chicago Climate Exchange (CCX®), a voluntary cap-and-trade program for reducing and trading greenhouse gas emissions. In an unprecedented voluntary action, these entities have made a legally binding commitment to reduce their emissions of greenhouse gases by four percent below the average of their 1998-2001 baseline by 2006, the last year of the pilot program.
The founding members of CCX include American Electric Power (AEP), Baxter International Inc., the City of Chicago, DuPont, Equity Office Properties Trust, Ford Motor Company, International Paper, Manitoba Hydro, MeadWestvaco Corporation, Motorola, Inc., STMicroelectronics, Stora Enso North America, Temple-Inland Inc. and Waste Management,Inc.
CCX will administer this pilot program for emission sources, farm and forest carbon sinks, offset projects and liquidity providers in North America. To foster international emissions trading, offset providers in Brazil can also participate. The development of CCX resulted from feasibility and design studies that were funded by grants from the Chicago-based Joyce Foundation and administered by Northwestern Universitys Kellogg Graduate School of Management. Environmental Financial Products, LLC conducted the research and development effort.
Excerpt of second source:
The Joyce Foundation's Annual Reports list Barack Obama as one of the 12 members of the Board of Directors from 1998 until 2001.
Barack Hussein Obama Biography Excerpt:
Experience Businesses Owned, Past Careers, Board Memberships, Etc.:
Center for Neighborhood and Technology
Chicago Annenberg Challenge
Cook County Bar
Cook County Bar Association Community Law Project
Board Member, Joyce Foundation
Lawyer's Committee for Civil Rights Under the Law
Leadership for Quality Education
Member, Trinity United Church of Christ
Board Member, Woods Fund of Chicago
NJ Gov. Jon Corzine is working Barack Hussein Obamas campaign. Word is Corzine is promised a high level position in the Treasury in an Obama Presidency. Corzine was former CEO of Goldman Sachs. A NJ local News Source said that Corzine told Merrill Lynch and his Wall Street buddies that this financial crash will be fixed in an Obama admnistration. No details on how though. Merrill Lynch has offices in NJ and it seems they are very worried.
Maurice Strong is involved with Chicagos Climate Exchange. Al Gore is chairman of a private equity firm called Generation Investment Management. That firm invests money from institutions and wealthy investors in companies that are going green. Generation Investment Management purchases carbon dioxide offsets. The co-founder of Generation Investment Management is former Goldman Sachs CEO Hank Paulson, who is currently the Secretary of the U.S. Treasury. Goldman Sachs bought 10% of Chicagos Climate Exchange shares for $23 million. Chicagos Climate Exchange owns half of the European Climate Exchange, Europes largest carbon trading company.
Maurice Strong: Chicago Climate Exchanges board member. Canadian Maurice Strong has made a career and a fortune out of financial rip-offs. Strong served on the board of the International Union for the Conservation of Nature (World Conservation Union) and was an advisor to the UNs Kofi Annan. Among many other things, he was the first Executive Director of the United Nations Environment Program in the 1970s and Secretary General of the 1992 UN Conference on Environment and Development, also known as the Earth Summit.
Goldman Sachs: The largest shareholder of the Chicago Climate Exchange and the second largest shareholder of the InterContinental Exchange. In fact, Goldman Sachs put Al Gore into the carbon offset hedge fund business in 2003 when David Blood, a former CEO of Goldman Sachs Assets Management, along with two other former Goldman Sachs officers, helped Gore establish his firm, General Investment Management, which focuses on Sustainable Investing by peddling carbon offsets.
Jon Corzine: He is now the Governor of NJ. He retired from Goldman Sachs in 1999 after taking the firm public and receiving at least $320 million worth of its stock. He ran for the Senate in New Jersey in 2000, spending more than $60 million of his fortune to win the seat. The bubble of high-priced technology stocks began to burst in March 2000. In August 2000, the SEC issued a warning against aftermarket sales, also known as laddering. Ive never even heard the term laddering before, Corzine said.
However, Nicholas Maier of Cramer & Co. said it happened on Corzines watch. For Corzine not to know of a common practice being utilized to generate and manipulate stock prices would be surprising, Mr. Maier said. He was obviously there during this time. I definitively saw his company engaged in illegal activity. They (the SEC) expressed to me that laddering is a trickier thing [to prove], Maier said. I will say it. They did it. They laddered. Whether the SEC can construct a case is a different story.
Al Gore: Owns a carbon trading business, Generation Investment Management. They were banked with the Lehman Bros. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist.
Merrill Lynch: Deeply involved in the Carbon trading business. They are a founding member and primary sponsor of the U.K.-based Carbon Disclosure Project. Merrill Lynch is headed by John A Thain who is a Goldman Sachs alumni.
Lehman Brothers: Created a propaganda piece last year about climate change to make their investors keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir of politicians, the entire media and the Greens.
A year ago they couldnt predict their bankruptcy but were predicting the climate 100 years ahead. Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. The report is the basis for policies on climate change in Spain, Argentina and several other countries playing the progress game.
Chicago Climate Exchange: The Exchange owes it existence in part to the Joyce Foundation, the Chicago-based liberal foundation philanthropy that provided $347,000 in grant support in 2000 for a preliminary study to test the viability of a market in carbon credits. On the CCX board of directors is the ubiquitous Maurice Strong, a Canadian industrialist and diplomat who since the 1970s has helped create an international policy agenda for the environmentalist movement.
Joyce Foundation: Provided grant support to test the market in carbon credits. Barack Hussein Obama sat on their Board from 1998 until 2001.
Obama was on the board of a foundation that provided the funding source to start the Chicago Climate Exchange (carbon trade). He is has former Goldman Sachs CEO working his campaign. Goldman Sachs owns a very large investment in the carbon trade industry. More tidbits here!
New!!: Dr. John Ray's
Ping me if you find one I've missed.
This is actually pretty funny.
These greedy RATS haven’t done enough damage with their banking chicanery, they have to create a phony market for “carbon trade”. They never stop. This country is doomed unless they wake up.
Not to worry...the latest sunspot cycle is late starting...stand by for a new ice age.
Maybe we could exchange our climate for that of Mars. Or Venus.
On a very big leveraged buyout, we could take over the climate on Jupiter. Though where we would store it, is an entirely different question. Perhaps we could write up some market derivatives based on past performance of the Jupiter climate, and use that as our trading vehicle.
Exactly..spot on(pun intended)
More Obama connections.
Calpernia has pulled together a good thread, full of information.
Goldman Sachs is all about manipulation. I’m not much for populism, but I make an exception for GS. GS is evil. Many of the problems in today’s economy can be traced directly or indirectly to GS. This is Enron with more money, influence, and credibility. In fact, GS is executing straight out of the Enron playbook (e.g., carbon credits is an Enron fabrication, sold to the Clinton/Gore Administration by Ken Lay).
I realize this makes me sound like a paranoid conspiracy theorist, but as the man said, it’s not paranoia if they really are out to get you. “You” in this case means “all of us.”
Resurrecting this thread to highlight Obama’s ties to the Cap-n-Trade profiteers.
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