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The smell of money ( Carbon Trading and the Money behind the Global Warming Hoax )
JoNova ^ | May 4th, 2010 | joanne

Posted on 05/03/2010 1:51:14 PM PDT by Ernest_at_the_Beach

Thanks to Glenn Beck, we get bit more insight into the tangled web that The House of Global Warming was built on.

Who would have thought? Goldman Sachs has been working hard to save the environment for years.

Generation Investment Management (GIM) was founded by Al Gore, and a few friends, which included David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman). They are the fifth largest shareholder in the Chicago Climate Exchange (CCX). Then in 2006, when the CCX needed some extra funding, who should step up to buy 10% of the company – Goldman Sachs.

CCX is an exchange that won’t be doing a heck of a lot if carbon trading doesn’t become mandatory. All of these players have a vested interest in Cap N Trade legislation.

But it’s not just Goldman Sachs getting in on the deal to make money out of the trading-scheme-based-on-thin-air.

In 2001, a man was apparently working on a device (?) to make carbon trading possible. He filed a patent, then died. His wife onsold this patent application — to Franklin Raines, the CEO of … wait for it, Fannie Mae. The same CEO who has committed massive accounting fraud.

Now the story gets more slippery: In 2000 the Chicago Climate Exchange was helped to get started by the Joyce Foundation. It’s a charity set up years ago, that now manages around a billion in funds. Here’s how Beck tells it:

The Joyce Foundation is like the George Soros’ TIDES Foundation. In fact, it’s actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.

There was one influential member on the board of the Joyce Foundation at the time the Chicago Climate Exchange got its seed money; someone instrumental in steering the funds towards the creation of the Chicago Climate Exchange. They were on the board from 1994-2002. The founder of the Chicago Climate Exchange, Richard Sandor, said that he “knew (this person) well,” which is perhaps how the money was awarded to the Kellogg Graduate School of Management, where Sandor was a research professor. I’ll get back to that person in a minute.

Who could it be — that one influential member of the board, who was active in getting the CCX started? Apparently it was a man named Barack Obama.

And that patent application owned by the Fannie Mae CEO? It was finally approved by the patent office on Nov. 7, 2006. Coincidentally the day after the Democrats took control of Congress.

So now, Fannie Mae, who is congressionally mandated to “make housing more affordable,” is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up.

There’s more:

Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling.

Well, here’s the good news: Not only will this new carbon trading “system” try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.

The full Glenn Beck piece. He has challenged the media to report and investigate these connections…

Hat tip to Larry :-)

The short killer summary: The Skeptics Handbook. The most deadly point: The Missing Hot Spot.



TOPICS: Business/Economy; Conspiracy; Science; Weather
KEYWORDS: 111th; agw; capandtrade; carbontrade; corruption; democratcorruption; democrats; energy; envirofascism; globalwarming; globalwarminghoax; greendemagogues; obama
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1 posted on 05/03/2010 1:51:15 PM PDT by Ernest_at_the_Beach
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To: steelyourfaith; NormsRevenge; Fred Nerks; blam; SunkenCiv; Grampa Dave; SierraWasp; BOBTHENAILER; ..

fyi


2 posted on 05/03/2010 1:52:15 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach; Nipfan; Defendingliberty; 4horses+amule; Nervous Tick; Amagi; Beowulf; ...
Thanx !

 




Beam me to Planet Gore !

3 posted on 05/03/2010 1:56:19 PM PDT by steelyourfaith ("Let his days be few; and let another take his office. " - Psalm 109:8)
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To: Ernest_at_the_Beach

This is very serious. Where are our representatives to save us from this nightmare and keep our government honest and true to it’s original purpose?


4 posted on 05/03/2010 1:57:08 PM PDT by auntyfemenist (Where is a grassy knoll when you need one?)
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To: MamaDearest; freekitty; jesseam; Piquaboy; SouthTexas; ZULU; 70th Division; 2ndDivisionVet; ...

Rampant Corruption


5 posted on 05/03/2010 2:00:10 PM PDT by ExTexasRedhead (Clean the RAT/RINO Sewer in 2010 and 2012)
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To: ExTexasRedhead
"Rampant Corruption.

Nothing new about that. It's been going on for years.

Bart.

6 posted on 05/03/2010 2:03:52 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: blackbart.223

You are oh so correct. Time to remedy the situation on November 2nd.


7 posted on 05/03/2010 2:05:05 PM PDT by ExTexasRedhead (Clean the RAT/RINO Sewer in 2010 and 2012)
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To: Ernest_at_the_Beach

CCX communist bump


8 posted on 05/03/2010 2:08:12 PM PDT by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
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To: Ernest_at_the_Beach
The $10 Trillion Climate Fraud (Cap-And-Trade and CCX)
Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a
climate trading scheme being run out of the Chicago Climate Exchange would
make Bernie Madoff blush. Its trail leads to the White House.”


“Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select
individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 --
the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H.,
criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."

"It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."


“Here comes the next bubble -- carbon trading
Forget CDOs and other inventions of the great credit bubble. That’s all old hat.
Investment bankers are moving on to an area of securities trading that is potentially even
more lucrative, and what’s more, even has a social value – saving the planet.
….According to Mr Schapiro, carbon trading is now the fastest growing commodities
market on earth. Since Kyoto signatories bought in to the cap and trade concept in 2005,
there have been more than $300bn carbon transactions, prompting several investment
banks, including Goldman Sachs and Barclays, to set up their own carbon trading desks.
But that’s just the start. If President Obama and his supporters can institute a cap-and-
trade system in the United States – and that’s a big if for this increasingly marooned
presidency – demand could explode into a $2 to $3 trillion market.

And here’s the great thing about it. Unlike traditional commodities markets, which will
eventually involve delivery to someone in physical form, the carbon market is based on
lack of delivery of an invisible substance to no-one. Since the market revolves around
creating carbon credits, or finding carbon reduction projects whose benefits can then be
sold to those with a surplus of emissions, it is entirely intangible.

“Carbon developers”, many of them employed by large multinationals, travel the world
in search of carbon reduction projects to sell, while firms of carbon accountants have been
established to verify on the United Nations’ behalf that those reductions are real.
The whole thing, though well intentioned, looks wide open to abuse and scams. “

9 posted on 05/03/2010 2:08:36 PM PDT by Diogenesis (Article IV - Section 4 - The United States … shall protect each of them against Invasion)
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To: ExTexasRedhead
"You are oh so correct. Time to remedy the situation on November 2nd."

there are a lot pissed off people right now. Let's hope they stay pissed off till November.

Bart.

10 posted on 05/03/2010 2:12:23 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: Ernest_at_the_Beach

bump to the top


11 posted on 05/03/2010 2:14:17 PM PDT by GOPJ ("Draw Mohammad Day" - - May 20, 2010 - Draw for freedom - draw for your children's freedom.)
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To: Diogenesis

That picture reminds me off Mussolini.


12 posted on 05/03/2010 2:14:28 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: blackbart.223

Same demon inhabiting Obama.


13 posted on 05/03/2010 2:18:02 PM PDT by Hoosier-Daddy ( "It does no good to be a super power if you have to worry what the neighbors think." BuffaloJack)
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To: Ernest_at_the_Beach

Gore needs a new place alright. A cell.


14 posted on 05/03/2010 2:18:28 PM PDT by Hoosier-Daddy ( "It does no good to be a super power if you have to worry what the neighbors think." BuffaloJack)
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To: Ernest_at_the_Beach
Good read. The list of criminals increase as they are slowly exposed to the public eye.
Many dots yet to be exposed as well as connected.
15 posted on 05/03/2010 2:19:45 PM PDT by Marine_Uncle (Honor must be earned....)
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To: ExTexasRedhead

They are corrupt is right.


16 posted on 05/03/2010 2:30:19 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Ernest_at_the_Beach

Standing between psychopaths and all the money in the world is a dangerous place to put yourself. God Bless and protect you Glenn.


17 posted on 05/03/2010 2:37:36 PM PDT by DManA
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To: Hoosier-Daddy
"Same demon inhabiting Obama."

It would seem so.

18 posted on 05/03/2010 2:37:59 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: auntyfemenist; steelyourfaith; NormsRevenge; Fred Nerks; blam; SunkenCiv; Grampa Dave; ...
This is very serious. Where are our representatives to save us from this nightmare and keep our government honest and true to it’s original purpose?

No kidding it's serious.

Our representatives are lining up to sell us down the road of Euro-energy prices for the TRILLIONS OF DOLLARS IN NEW TAX REVENUE.

Not to mention lining the pockets of a few select liberals to the tune of hundreds of millions of dollars. Al Gore, and others, are chuckling all the way to their Swiss/offshore bank accounts.

19 posted on 05/03/2010 2:38:23 PM PDT by BOBTHENAILER (EPA will rule your life)
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To: Hoosier-Daddy
"Gore needs a new place alright. A cell."

Next to a big guy named Bubba.

20 posted on 05/03/2010 2:39:55 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: Ernest_at_the_Beach

BTTT—should have included you to #19.


21 posted on 05/03/2010 2:40:02 PM PDT by BOBTHENAILER (EPA will rule your life)
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To: Ernest_at_the_Beach

All crooked roads lead to Chicago.


22 posted on 05/03/2010 2:41:19 PM PDT by cradle of freedom (Long live the Republic !)
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To: Ernest_at_the_Beach

Bump for reference.


23 posted on 05/03/2010 2:43:52 PM PDT by EverOnward
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To: Ernest_at_the_Beach

First the Democrats invented the subprime mortgage scam and Goldman benefits. Then the Dems event cap and trade and Goldman benefits again. And, oh yes, Goldman gave $1,000,000 to the Obama campaign. Things couldn’t any more obvious.


24 posted on 05/03/2010 2:45:38 PM PDT by cradle of freedom (Long live the Republic !)
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To: Marine_Uncle; BOBTHENAILER
From the comments at the website:

****************************EXCERPT*****************************

Mark D.:

Soros is a Fabian!

AT this web site:
http://www.pittsburghlive.com/x/pittsburghtrib/s_143947.html

“in 1947 George Soros took off for London. There he worked as a waiter at Quaglino’s Restaurant, as a house painter and an apple picker, enrolling in 1949 at that famous Fabian Socialist institution, the London School of Economics (LSE), where he studied philosophy and economics.”

Also found on the web:

A notable recent member of the Joyce Foundation’s Board of Directors was Barack Obama. While Obama was a director of the Joyce Foundation, the Foundation issued

* a $347,600 grant to Richard Sandor “to design a mid-western pilot program for the voluntary trading of carbon dioxide and other emissions that cause climate change, with the goal of answering methodological questions and resolving operational issues.” (2000)
* a $760,100 grant to the J. L. Kellog School of Management at Northwestern University, working with Sandor, to fund the design of the Carbon Climate Exchange, otherwise known as the CCX. (2001)

The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International.

DiPerna left the foundation in November 2001 and joined the Exchange. It was the same year in which the foundation gave its second and much larger grant to the exchange. The Exchange launched in 2003.

And

The Fabian Society has three global goals, one is to centralize credit in the hands of the Fabians which they’ve done with this huge fund at 10 Downing Street which has fifty-five trillion dollars in it parked in the Carbon Disclosure Project. The Fabian’s goal is to centralize credit with the state and control spending, lending and taxing and in fact, they want a global carbon tax in the global common so everyone pays them for the right to breath out. The second is to have global governance through a global elite of teachers at university level. And the third is eugenics, that is, the depopulation of the earth through sterilization, or abortion, or genocide. Fabians are known most amongst the Oxford-educated Rhodes Scholars. The Fabians just had a conference in early 2010 which the Prime Minster of Britain, Gordon Brown, gave a keynote speech in which 700 delegates were in attendance.

Of course you know that William Jefferson Clinton is a Rhodes Scholar along with Robert Reich US, Malcolm Turnbull AU, Tony Abbott AU, among others.

Finally look here to tie all of this together with Tony Blair and Maurice Strong.
http://abeldanger.blogspot.com/2010/02/history-of-city-of-london-fabian.html

I think I want to go into hiding now………..

25 posted on 05/03/2010 2:46:56 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Diogenesis

See #25...might be something new in there.


26 posted on 05/03/2010 2:48:02 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: BOBTHENAILER; auntyfemenist; steelyourfaith; NormsRevenge; Fred Nerks; blam; SunkenCiv; ...
Al Gore, and others, are chuckling all the way to their Swiss/offshore bank accounts.

Spotlight on Gore ‘s Dual Role As an Advocate and Investor
New York Times, Nov 3, 2009, By JOHN M. BRODER

Abstract: Al Gore finds himself in position of having to defend decision to invest, through his venture capital firm Kleiner Perkins Caufield & Byers, in Silver Spring Networks, which produces hardware and software to make electricity grid more efficient.

Gore and his partners invested $75 million in Silver Spring, which wanted to expand its partnerships with utilities seeking to install millions of smart meters in home and businesses; deal appears to have paid off now that Energy Dept has announced $3.4 billion in smart grid grants, with $560 million going to Silver Spring.

Gore and his partners could reap great returns from investment and he is defending that investment against critics who say he stood to benefit personally from energy and climate policies he urged Congress to adopt. Gore contends his investmenet activities are consistent with his public advocacy. (snip)

Gore is a founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management (the firm was quickly dubbed Blood and Gore).

Mr. Gore earns a partner’s salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said. He also serves as an adviser to high-profile technology companies including Apple and Google, relationships that have paid him handsome dividends over the last eight years.

Mr. Gore‘s spokeswoman would not give a figure for his current net worth, but the scale of his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll, the first president of eBay. Ion Yadigaroglu, a co-founder of Capricorn, said that Mr. Gore does not sit on the fund’s investment committee, but obviously agrees with the partners’ strategy of putting long-term money into promising ventures in energy, technology and health care around the globe.

“Aspirationally,” said Mr. Yadigaroglu, who holds a doctorate from Stanford in astrophysics, “we’re trying to make more money than others doing the same thing and do it in a way that is superior in ethics and impacts.”

Mr. Gore has said he invested in partnerships and funds that try to identify and support companies that are advancing cutting-edge green technologies and are paving the way toward a low-carbon economy.

He has a stake in the world’s pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.

Capricorn holds a major stake in Falcon Waterfree Technologies, the world’s leading maker of waterless urinals. Generation has holdings in Ausra, a solar energy company based in California, and Camco, a British firm that develops carbon dioxide emissions reduction projects.

Kleiner Perkins has a green ventures fund with nearly $1 billion invested in renewable energy and efficiency concerns.

Mr. Gore also has substantial interests in technology, media and biotechnology ventures that have no direct tie to his environmental advocacy, an aide said. (snip).

SOURCE http://www.nytimes.com/2009/11/03/business/energy-environment/03gore.html

27 posted on 05/03/2010 2:52:58 PM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: All
Thanks to Glenn Beck, we get bit more insight into the tangled web that The House of Global Warming was built on. Generation Investment Management (GIM) was founded by Al Gore, and friends David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman)---fifth largest shareholders in the Chicago Climate Exchange (CCX). In 2006, when CCX needed funding, Goldman Sachs stepped up to buy 10% of the company. Obama played a pivotal role in the formation of the CCX. (Click above for expose) Barack Obama, Board Member of the Joyce Foundation, funded the formation of the CCX. Obama’s top adviser Valerie Jarrett is still on the CCX board.)

Oh, wait.......what about COS Rahm Emanuel? What role does he play?

Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By Timothy P. Carney, Examiner Columnist, Nov 21, 2008

EXCERPT Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman Sachs can leverage its most valuable asset yet White House chief of staff Rahm Emanuel.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had particularly strong allies in government.

Rahm Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s 1992 campaign for the White House. Clinton hired Emanuel as his chief fundraiser.At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through the skeptical House.

Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout.

Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuel’s salary in 1992? Did Goldman’s help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?

The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes.

SOURCE http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/ Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html

28 posted on 05/03/2010 3:01:18 PM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: Ernest_at_the_Beach; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Fred Nerks; ...

Thanks Ernest_at_the_Beach, BOBTHENAILER, and Liz.


29 posted on 05/03/2010 3:05:39 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: Ernest_at_the_Beach

Look, the Government/Financial Complex is going to cheat. They always have, and always will. Their “deal” has always been that they would leave room for the little guy to be successful, too. Increasingly, they are indicating that that “deal” is off - times are tough and Main Street is now just another chunk of fish food to be gobbled up. That such gobbling will kill them, too, in the medium term does not seem to matter right now. They are looking down the barrel of an unstoppable deflationary depression, and they are scared.


30 posted on 05/03/2010 3:09:51 PM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
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To: Liz; Arthur Wildfire! March; Ernest_at_the_Beach

Lugar (RINO-IN) bet the farm on CCX, literally.

http://lugar.senate.gov/press/record.cfm?id=255829

Lugar Farm is first in Indiana to provide carbon sequestration offsets on the Chicago Climate Exchange

Thursday, May 18, 2006

U.S. Sen. Dick Lugar’s Marion County farm is the first in Indiana to participate in the Chicago Climate Exchange.

Audio comments from the press conference are available at http://src.senate.gov/lugar/radio/ and via telephone at 1-800-545-1267; press 407 for the Lugar mailbox.

“I am pleased to announce that the Lugar Stock Farm has enrolled as an offset provider in the Chicago Climate Exchange. The Lugar Stock Farm is an active corn, soybean, and hardwood tree farm in Marion County, Indiana. Our farm will be the first in Indiana to enroll in this important exchange. I am hopeful that farmers in Indiana and elsewhere will investigate the possibility of enrolling in the exchange. This not only will encourage the practice of sequestering carbon, it will provide an additional source of farm income to those who qualify,” said Lugar.

“I believe that a bold future of increased economic opportunities is opening to Hoosier farmers. They can generate higher farm incomes and contribute greatly to solving our nation’s energy problems by growing the grain for ethanol production that reduces our dependence on oil. As technology becomes more sophisticated, markets will expand for fuel produced from grasses and agronomic and livestock wastes. Today, we are alerting farmers to the economic opportunities associated with solving environmental challenges through proven agricultural practices. I am confident that Hoosier farmers will take advantage of these opportunities and contribute, as they always have, to the security and prosperity of our nation,” said Lugar, a member of the Senate Agriculture, Nutrition and Forestry Committee, and a former chairman of the committee.

Lugar also has been supporting major tree efforts by Indianapolis Mayor Bart Peterson. “Today’s announcement once again shows Senator Lugar’s commitment to our city and state,” Mayor Peterson said. “I am happy to learn that his Indianapolis tree farm is the first in Indiana to participate in a market based solution to addressing climate change. Trees have a positive impact on climate change. In Indianapolis, I am advocating the strategic planting of 100,000 trees over the next ten years to not only beautify our neighborhoods, but to also improve the environment, which is so important to us all.”

The 604-acre family-owned Lugar farm in Marion County, Indiana produces corn and soybeans. A third of the farm is a classified hardwood tree farm, including significant acreage in black walnut trees that were planted in recent years. Growth of these trees produces oxygen and removes carbon dioxide from the air. The rising concentration of carbon dioxide in the earth’s atmosphere is associated with the risk of global climate change, which could have profound effects on ecosystems, agriculture and human health.

“As a Hoosier farmer, I seek ways to ensure the economic productivity of our farming operation. I utilize risk management tools such as federal crop insurance and commodity markets, and I seek ways to add value to the products grown on our land. Nearly 20 years ago, I began converting about 200 of the 604 acres on our farm to hardwood trees. As these majestic trees grow, they absorb and store carbon from the air around Indianapolis. Increasingly, the global community is recognizing the potential perils of climate change. The ability of farmers and others to remove carbon from the atmosphere and store it through methods such as tree farming and no-till planting are an important part of the solution,” Lugar said.

“The Lugar Stock Farm has entered into a binding contract with the Chicago Climate Exchange to provide offset carbon credits, or carbon that entities may want to use to mitigate or offset the amount of greenhouse gasses they may produce. Based on our management practices, tree age, tree density, and other factors, the Chicago Climate Exchange estimates that our farm will capture about 3,400 metric tons of carbon in these trees. Instead of selling these offset credits directly to specific generators of carbon, the Chicago Climate Exchange operates as a market discovery mechanism similar to corn and soybean markets where willing buyers and sellers transact business based on commodity prices. The Lugar Stock Farm maintains legal ownership of these offset credits until a market decision is made to sell them on the exchange. Yesterday, carbon credits were trading at $3.50 per metric ton. Additionally, our farm is responsible for reporting any loss of trees, or the addition of trees, to ensure that carbon is being stored. Similar situations now involve U.S. livestock operations and no-till farmers,” continued Lugar.

“Under the energetic leadership of Dr. Richard Sandor, the Chicago Climate Exchange is providing an innovative means of involving American businesses and citizens in the effort to protect the environment. Our nation’s leading companies are buying and trading units of carbon as a way to reduce their impact on climate change. I am hopeful that the economic opportunities provided by the Exchange will enhance the incentives farmers already have to participate in the sequestration of carbon,” Lugar said.

Chicago Climate Exchange (CCX) brings together over 170 entities dedicated to building cost-effective, market-based systems for reducing greenhouse gas emissions. Members of CCX include leading companies such as Ford, American Electric Power and IBM, cities such as Chicago and Portland, the State of New Mexico, and major universities, traders and environmental professionals. CCX is an integrated system of rules governing monitoring and independent audit, as well as electronic trading and registry platforms. CCX Members commit to reduce their greenhouse emissions 4 percent by the end of 2006, and 6 percent by 2010. Members can reduce emissions internally, and can partner with other members through trading to achieve reductions wherever most practical. Trading allows members to comply by financing emission cuts at facilities of other members, or through offset projects, including reforestation projects. Reforestation and other agricultural projects including continuous conservation tillage and methane capture mitigate global carbon emissions and yield local environmental benefits, such as cleaner water and wildlife habitat.

“I want to encourage farmers to explore this new opportunity to increase their farm income by using carbon-absorbing environmental practices. We have had testimony in the Senate Agricultural Committee about the potential for farmers to receive ‘green payments’ and now that opportunity can be realized. I would also encourage agricultural and environmental organizations to explore how they may help promote these opportunities among our industries, communities and landowners,” Lugar said.

“Lugar Stock Farms’ membership in CCX demonstrates Senator Lugar’s long-standing personal commitment to sustainable agriculture and forestry. He understands the role that market-based mechanisms can play in rewarding the environmental services provided by farmers, foresters and ranchers. We are honored and proud to be able to further build this environmental market with the help of Senator Lugar’s farm as a source of emission offsets.” said Dr. Richard L. Sandor, Chairman and CEO of CCX.

Farmers who undertake reforestation, methane collection, continuous conservation tillage or grass plantings may be eligible to earn emission offsets and should contact Nathan Clark at (312) 554-0819.

About Chicago Climate Exchange (CCX): Chicago Climate Exchange is North America’s only, and the world’s first, legally binding multi-sectoral, rule-based and integrated greenhouse gas emission registry, reduction and trading system. CCX is the only available mechanism through which U.S. based entities may engage in the integrated carbon market with a linked reduction and trading system and is a vital tool for understanding the price of carbon in all operations. CCX members range from large industrial concerns such as DuPont, International Paper, Baxter Healthcare and Temple-Inland, to utilities such as Manitoba Hydro, Tampa Electric and Green Mountain Power, to universities such as Iowa and Minnesota, to non-governmental organizations such as World Resources Institute and Rocky Mountain Institute, to cities such as Portland, OR, Oakland, CA and Chicago, IL, to farmers in Iowa and Nebraska and the Iowa Farm Bureau, to the State of New Mexico, the first U.S. state to join CCX. Eligible emission offset projects include agricultural soil carbon sequestration, reforestation, landfill and agricultural methane combustion, and switching to lower-emitting such as biomass-based fuels. See www.chicagoclimateexchange.com.


31 posted on 05/03/2010 3:23:05 PM PDT by maggief (Not everything is what it seems.)
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To: BOBTHENAILER
It could instructive if someone has a list of all the "foundations" and which side of the political spectrum they reside.
The old men who built industrial complexes from nothing to benefit themselves as well as all of America, now long gone, after sending their kids to liberal colleges, must be rolling around in their graves as they watch their families slowly tear down all that they worked so hard to create.
32 posted on 05/03/2010 4:07:25 PM PDT by Marine_Uncle (Honor must be earned....)
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To: Ernest_at_the_Beach
" I think I want to go into hiding now……….. "
The brown shirts will seek thee out.
33 posted on 05/03/2010 4:23:11 PM PDT by Marine_Uncle (Honor must be earned....)
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To: Liz
Perfect summation of the Bloody, Gorey truth. Mr. Perfect is proud of his scheming millions.
34 posted on 05/03/2010 7:37:52 PM PDT by BOBTHENAILER (EPA will rule your life)
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To: ExTexasRedhead
Not new.

European Carbon Credit Trading System Plagued by Fraud

35 posted on 05/03/2010 8:10:08 PM PDT by SouthTexas (Congress is out of order!)
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To: Liz
Obama’s top adviser Valerie Jarrett is still on the CCX board.

ICE to Buy Parent Of Chicago Climate Exchange - FR, 2010 April 30

Richard Sandor, Barack Obama and the Founding of the Chicago Climate Exchange (CLE.L) - Climateer Investing, 2009 June 16

A scam wrapped in a scam inside a scam...
36 posted on 05/03/2010 10:34:37 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: maggief; Liz; BOBTHENAILER; marsh2; forester; Carry_Okie; ScottinSacto; Grampa Dave; tubebender; ...
WoW!!! What an intensely interesting thread you've all made of this subject!! Thanks!

I've watched this stuff building since 1994 with Maurice Strong, Al Gore, et al... Each time someone adds new information I get a little more alarmed for the future of our magnificent earth changing republic!!!

The evil intensity with which these malevolent people and their swindling allies subverts the great morality of this exceptional world power is beyond breathtaking!!!

One wonders which belief system is more evil and fervently driven, environmentalism, or the muslim kind. Either has the power to take us right back to the darkest of ages in heartbeat... the heartbeat of America that Chevrolet used to advertise years ago...

37 posted on 05/03/2010 11:02:09 PM PDT by SierraWasp ("Contempt of Congress" used to be a minor crime. Now it's a badge of honor!!!)
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To: Diogenesis; ExTexasRedhead

He looks almost exactly like Mousolini, facist dictator of Italy in WW2 for all you youngsters who weren’t around back then. I was so young then, too!!! (grin)


38 posted on 05/03/2010 11:06:03 PM PDT by SierraWasp ("Contempt of Congress" used to be a minor crime. Now it's a badge of honor!!!)
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To: BOBTHENAILER
Well, I'd say that Beck and anyother studious, credible communicators that keep pulling these guys covers like this had better budget an enormous amount for a whole entourage of highly skilled and very loyal protectors, or else!!!

With the Chicago dark forces in the mix now, things are rapidly approaching the boiling over point like back in the late sixties, early seventies!!! I feel it approaching like a locomotive!!! (diesel-electric, of course)

39 posted on 05/03/2010 11:13:28 PM PDT by SierraWasp ("Contempt of Congress" used to be a minor crime. Now it's a badge of honor!!!)
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To: Liz

Thank you for ping! With thread/your post, updating Monster Ping and Thug-0-crat hit list [links in profile].


40 posted on 05/04/2010 4:45:33 AM PDT by Arthur Wildfire! March (We knew deep down it was this bad. Devour ugly truths with glee -- truth is our weapon.)
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To: maggief

Thank you! Linking your post to research [links in profile.]


41 posted on 05/04/2010 5:11:53 AM PDT by Arthur Wildfire! March (We knew deep down it was this bad. Devour ugly truths with glee -- truth is our weapon.)
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To: SierraWasp; maggief; BOBTHENAILER; editor-surveyor; Ernest_at_the_Beach; neverdem; tubebender; ...

http://www.freerepublic.com/focus/f-news/2506168/posts

Stunning Pictures of Al Gore’s New $9 Million Mansion Media Totally Ignored
Newsbusters ^

Posted on Tuesday, May 04, 2010 4:25:49 AM by Sub-Driver

Stunning Pictures of Al Gore’s New $9 Million Mansion Media Totally Ignored By Noel Sheppard Created 05/03/2010 - 23:45

Nobel Laureate Al Gore purchased a $9 million mansion in the luxurious hills of Montecito, California, recently, and with the exception of the Los Angeles Times and Fox News, America’s media couldn’t care less.

You think it might be because the Gore-loving press wouldn’t want people to consider the possibility that all of his global warming hysteria was really about lining his wallet and not saving the planet?

Formulate a response to that question as you look at what all that money the former Vice President is making off of spreading this myth can buy (h/t Doug Ross [1]):

Sweet, wouldn’t you say? (Readers are encouraged to view more pictures of this fabulous estate here [2].)

Certainly not bad for a guy he supposedly [3] was worth between one and two million dollars in 2000.

Were the “Always Fascinated by the Lifestyles of the Rich and Famous” press interested?

Heck no.

According to LexisNexis, apart from the Los Angeles Times that broke [4] this story last Wednesday, and Fox News’s Sean Hannity who spoke about this on consecutive nights last week, America’s media were totally mum.

Why might that be?

You think Gore’s adoring press don’t want folks to know how much money he’s making off this scam?

Before you answer THAT question, consider what the Nobel Laureate told [4] Congress last year as the House was deliberating cap-and-trade legislation:

AL GORE: Every penny that I have made, I have put right into a non-profit deal, Alliance For Climate Protection, to spread awareness of why we have to take on this challenge. And Congresswomen, if your, if, if you believe that the reason I have been working on this issue for 30 years is because of greed, you do not know me.

Now, imagine for a moment there were actually journalists still in America and not advocates pretending to be journalists.

A former Vice President who last year told a House committee he was putting all of his earnings into a non-profit company to “spread awareness of why we have to take on” global warming a year later buys a $9 million mansion with six fireplaces, five bedrooms, and nine bathrooms for him and his wife.

Don’t you think SOMEBODY should have reported it other than Fox News, the LA Times, and conservative bloggers?

Where’d the money come from? Was this purchased by his non-profit corporation, and if so, how does he get away with that?

Did he sell some of his Google or Apple stock?

And how about some questions about how green the house is? Are there solar panels and windmills to power this facility? If not, what are their plans?

Forgetting all of that, if the Clintons, Bushes, or Cheneys bought such a place, do you think the media would cover it, at least as a human interest story?

For over three years, Gore’s adoring press have followed virtually every move he’s made since becoming the voice of global warming.

He buys a STUNNING villa as the unemployment rate stands at almost 10 percent and Americans are struggling to regain their footing after 2008’s financial crisis, and the media are suddenly disinterested in him?

On exactly which planet, be it cooling or warming, does THAT make any sense?


42 posted on 05/04/2010 7:18:44 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Liz

” Now the story gets more slippery: In 2000 the Chicago Climate Exchange was helped to get started by the Joyce Foundation. It’s a charity set up years ago, that now manages around a billion in funds. Here’s how Beck tells it:

The Joyce Foundation is like the George Soros’ TIDES Foundation. In fact, it’s actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link “

“Mr. Gore earns a partner’s salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said. He also serves as an adviser to high-profile technology companies including Apple and Google, relationships that have paid him handsome dividends over the last eight years.”

Gore has been paid an INSANE amount of money for absolutely nothing.

Not a secret any more.
Thanks Ernest_at_the_Beach, BOBTHENAILER, and Liz.


43 posted on 05/04/2010 8:19:18 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: Grampa Dave

A nice criminal enterprise, eh?


44 posted on 05/04/2010 8:20:51 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: Grampa Dave

“On exactly which planet, be it cooling or warming, does THAT make any sense?”

Planet: “Democrat Hypocrisy”
.


45 posted on 05/04/2010 8:34:45 AM PDT by editor-surveyor (Obamacare is America's kristallnacht !!)
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To: steelyourfaith

Love the certificate....in a perverse sort of way!


46 posted on 05/04/2010 8:37:13 AM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Grampa Dave
You are asking way too many inconvenient questions mister. We are going to send many men, in black armor, black sunglasses, multitudes of automatic weapons, cruising in 2-3 Black Suburbans with all sorts of fancy little red & blue falshing lights-----TO HAVE A VISIT WITH YOU.

HOW DARE YOU ASK QUESTIONS OF ONE WHO WOULD HELP ZERO SAVE THE PLANET.

47 posted on 05/04/2010 8:54:12 AM PDT by BOBTHENAILER (EPA will rule your life)
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To: SierraWasp
the boiling over point like back in the late sixties, early seventies!!! I feel it approaching like a locomotive!!! (diesel-electric, of course)

Queing up the yardbirds TRAIN KEPT A ROLLING

48 posted on 05/04/2010 8:56:52 AM PDT by BOBTHENAILER (EPA will rule your life)
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To: BOBTHENAILER

Oh heck.

So what’s new?


49 posted on 05/04/2010 8:58:09 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: stephenjohnbanker

Your reply #43 shows more of that criminal enterprise.


50 posted on 05/04/2010 9:00:04 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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