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The $10 Trillion Climate Fraud (Cap-And-Trade and CCX)
Investor's Business Daily ^ | 04/28/2010 | IBD Editorials

Posted on 04/30/2010 8:07:12 AM PDT by pyx

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.

Lost in the recent headlines was Al Gore's appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation's philanthropic leaders.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Editorial; Extended News; Front Page News; Government
KEYWORDS: agw; algore; beck; bho44; capandtax; capandtrade; ccx; emeraldcities; fraud; fubo; glennbeck; globalwarming; goldmansachs; gore; joycefoundation; kerryboxer; obama; soros; waxmanmarkey; zero
Hat's off to Glenn Beck and Fox News for shining the Light of Truth on this.
1 posted on 04/30/2010 8:07:12 AM PDT by pyx
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To: pyx

The Emerald Cities CCX thread..........

Have at it, pyx.

2 posted on 04/30/2010 8:09:25 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: pyx

AMEN. And please keep them in your prayers everyone...we KNOW what they are capable of.

3 posted on 04/30/2010 8:10:47 AM PDT by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote!)
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To: pyx

Glen really hit them hard. And it makes sense. How do we stop that machine? The fix is in and it will take more than just praying and marching to get the job done. Even November will may be too late to stop the damage since it is so massive.

4 posted on 04/30/2010 8:10:56 AM PDT by Logical me
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To: pyx

Beck’s been pounding this for a couple of days.
It’s starting to get through to the scribbling class...

5 posted on 04/30/2010 8:10:57 AM PDT by Eric in the Ozarks (Impeachment !)
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To: pyx

We had a good Beck thread yesterday. He points us in the general direction and we go collecting info. Beck didn’t say much about Phil Angelides but he led us to a place where we couldn’t miss him.

6 posted on 04/30/2010 8:11:18 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: pyx



7 posted on 04/30/2010 8:12:50 AM PDT by Marty62 (marty60)
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To: pyx

Copying and emailing to everyone I know.

Spread the word.

8 posted on 04/30/2010 8:13:13 AM PDT by snowrip (Liberal? You are a socialist with no rational argument.)
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To: pyx

Glen’s show yesterday just kept firing one jaw-dropper after another. Will anyone in Congress connect the dots?

9 posted on 04/30/2010 8:16:49 AM PDT by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: pyx

To those who pooh-pooh Glenn Beck should watch his past two programs where he illustrate, on his blackboard, the details of this scam.

...meanwhile at the LSM, crickets chirp...

10 posted on 04/30/2010 8:18:31 AM PDT by ChiMark
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To: combat_boots; Ernest_at_the_Beach; Marine_Uncle; Grampa Dave; ExSoldier; SierraWasp; ...
Pass along to all the CLIMATE FRAUD TROOPS.
11 posted on 04/30/2010 8:22:05 AM PDT by BOBTHENAILER (EPA will rule your life)
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To: pyx

Interesting news about the co-founder of the Chicago Climate Exchange

[Sandor Exits Carbon Trading, Selling Climate Exchange to ICE
Share Business ExchangeTwitterFacebook| Email | Print | A A [A By Mathew Carr

April 30 (Bloomberg) — Richard Sandor agreed to sell Climate Exchange Plc to Intercontinental Exchange Inc., exiting the biggest carbon market before achieving his goal of establishing a global mechanism for curbing pollution....(more at link)]

12 posted on 04/30/2010 8:27:46 AM PDT by Moorka
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To: Moorka
“Once you price CO2 and put a price on it, you find, as you would with any other product, it tends to be rationed. We as a people on this planet have lived under the false concept that air and water were free. And we’ve learned with a planet of 7 billion people, that we have to ration these precious goods. And the good old price system is the best way to do it.”

Richard Sandor
13 posted on 04/30/2010 8:30:10 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Logical me

“They’ll never find out how we made the coal mine and oil rig disasters. Once we stop all energy production in th US Cap & Trade is a shoe-in. Hey Rahm, make sure those union workers get paid for those wack jobs. Then it’s trillions and CCX”

Isn’t this like that Bruce Willis movie where it APPEARED terrorists wanted a bunch of demands met when in reality is was a good old fashioned bank robbery.

14 posted on 04/30/2010 8:33:35 AM PDT by USCG SimTech (Honored to serve since '71)
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To: pyx
“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, 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. “

15 posted on 04/30/2010 8:40:04 AM PDT by Diogenesis (Article IV - Section 4 - The United States … shall protect each of them against Invasion)
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Apollo Alliance > Joel Rogers > Angelides

Meanwhile, out in Montecito, all is well and there are wonderful houses for sale. Algore must feel right at home now:

16 posted on 04/30/2010 8:40:24 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: USCG SimTech
Yippie Kay-yea..........
17 posted on 04/30/2010 8:45:01 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: pyx

We should be seeing this, or at least one of the CCX threads, on Breaking News (News/Activism) ?

18 posted on 04/30/2010 8:53:04 AM PDT by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote!)
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To: All; maggief
I also have to take my hat off to both Canada Free Press' Judi McLeod and Freeper maggief. Judi McLeod and maggief spotted the CCX and Cap-and-Trade oddities way back on Saturday September 27, 2008 with this post on Free Republic.

maggieg named names in Post #6 on that thread. Talk about being, first to the punch ! Remind me never to be anywhere around when you're throwing upper-cuts, maggief ! LOL.

For those who would like a quick catch-up or a video review of the background on CCX and Cap-and-Trade, Glenn Beck has an archive of his Fox television programs. You can watch the Glenn's archive show from April 29, 2010 to catch up.

Lastly, Glenn Beck and many others such as Rush Limbaugh make mention that, "We The People" should look into CCX and Cap-and-Trade and not rely nearly as much as we have on the mainstream media. Therefore, if its OK with others, I will be posting follow up posts on this thread on, HowTo very simply be a Citizen Journalist. As Citizen Journalists, many of us are very effective and are by-and-large quite savvy when it comes to using new media on the Internet. All it takes is, knowing how and actually following through.

19 posted on 04/30/2010 9:29:16 AM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: pyx; Nipfan; Defendingliberty; 4horses+amule; Nervous Tick; Amagi; Beowulf; Tunehead54; Clive; ...

Beam me to Planet Gore !

20 posted on 04/30/2010 9:30:09 AM PDT by steelyourfaith ("Let his days be few; and let another take his office. " - Psalm 109:8)
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To: All
101 Steps to Better Blogging - Kim Roach

Actually, its now 102 VERY EASY Steps and it could be many more ... :)

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11. Use trackbacks.
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I will be following up with very simple to use Video equipment and software to create vblogs as a Citizen Journalist.

I and hopefully others will follow this up with QUESTIONS to ask as a CITIZEN JOURNALIST.

21 posted on 04/30/2010 9:48:52 AM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: pyx; maggief; Diogenesis; Marine_Uncle; steelyourfaith

GREAT JOB to all

22 posted on 04/30/2010 11:42:52 AM PDT by BOBTHENAILER (EPA will rule your life)
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To: pyx
Glen Beck “page not found.” So, I will go and try to find it myself. This is the first I've heard of this, but it doesn't surprise me, frankly, which is sad.
23 posted on 04/30/2010 12:00:28 PM PDT by Excellence (Meet your new mother-in-law, the United States Government.)
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To: pyx
The Chicago Climate Exchange (CCX) advertises itself as "North America's only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide." Barack Obama served on the board of the Joyce Foundation from 1994 to 2002 when the CCX startup grants were issued. As president, pushing cap-and-trade is one of his highest priorities.

Greenhouse theory is pure bunkum. The "Greenhouse Effect" defies established laws of physics.

No Smoking Hot Spot (The Australian)

The Hidden Flaw in Greenhouse Theory

Falsification Of The Atmospheric CO2 Greenhouse Effects Within The Frame Of Physics

24 posted on 04/30/2010 5:55:17 PM PDT by TigersEye (0basma's father was a British subject. He can't be a "natural-born" citizen.)
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To: BOBTHENAILER; pyx; Jim Robinson
Jim. Can it make sense for your admins to create a forum titled Climate, or Global Warming other. Where all FReepers can tune into one place where everything is stored?
The function of the forum would be primarily for a centralized place to archive much of what has been coming out over the past year or so. And a place where groups may want to form in order to give local support to their state/fed/local representatives with easy to obtain article, science papers, graphs whatever.... at their finger tips.
Thanks for the consideration if it makes sense to do so.
25 posted on 04/30/2010 6:32:20 PM PDT by Marine_Uncle (Honor must be earned....)
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To: Marine_Uncle

Bookmark this:

Add “globalwarming” as a keyword on all relevant threads.

26 posted on 04/30/2010 8:09:00 PM PDT by Jim Robinson (JUST VOTE THEM OUT!
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To: Marty62; All


Obama Dorothy Oz

27 posted on 05/01/2010 7:03:58 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: pyx

All this week, Glenn Beck has been is doing his best to expose what is potentially the biggest con in history.

Before I lose you, let me state why this story is so very important: It appears that there is a chance that people at the very HIGHEST levels of our government are creating something-out-of-nothing (carbon credits) and then passing a law which will force American businesses to buy $10 TRILLION dollars worth of that something-out-of-nothing and then passing billions and billions and billions of dollars along to their political pals and business cohorts... uh, can you say “corruption and graft of the highest order”?!?

For some reason, other conservative sites are being slow to pick this up (afraid?!).

Let’s do our part to help Glenn get the word out.

Email this.
Tweet this.
Post this on Facebook.

Wherever and however you can get this out, do it.

Glenn Beck The One Thing 4/29 - Crime Inc.

Go back and watch the 4/26 show if you need more back ground.

4/26 show Part 1:

4/26 show Part 2:

In a nutshell, here is the deal:

The Chicago Climate Exchange CCX - a $10 trillion dollar carbon credit market (here’s where the creating something-out-of nothing comes in... it is literally a product created out of thin air.)

As Glenn says, they sell puffs of smoke! Enron would be proud!

Barack Obama helped to direct funds from The Joyce Foundation in order to fund the creation of the CCX. Remember, it is the CHICAGO Climate Exchange... nothing shady happening in Chicago, right?

Valerie Jarrett, Obama’s top advisor, was reportedly on the board of the CCX back in the early 2000’s.

There are many ex-Goldman Sachs executives and at least one ex-Goldman lobbyist working in the Obama administration.

A British company, Enterprise, is set to make billions off of the CCX market and is partially owned by Al Gore and Goldman Sachs among others.

Franklin Raines (the $90 Million Dollar Paycheck man of Fannie Mae accounting “irregularity” fame) bought the technology needed to run the CCX through Fannie Mae back when he was running Fannie.

Franklin Raines is/was an Obama friend and advisor (they have kind of tamped-down talk about that relationship since the whole financial meltdown thing happened).

The patent for the technology (owned by Fannie) to run the CCX was approved one day after Congress was taken over by the Democrats back in 2006.

Raines was reportedly also instrumental in starting Emerald Cities, a collaboration of radical, far left-wing groups who are planning on reaping billions of dollars in grants and other type of funding that will flow from the carbon trade credits that will be sold through the CCX.

Here is the link to Emerald Cities.

Look at their Board of Directors, members and staff bios in the About Us section! The “Members” tab under About Us reads like a Who’s Who of the Marxist, Socialist, Communist, Social Justice movement.

Dig down into their Goals, Policies and National Strategies pages. Count how many times they talk about redistributing wealth and income and achieving social justice!

Check out all of the ways they are planning to milk money out of this system. LOOK at the framework they have in place. They have been planning for a long, long time. This is NOT about the environment. It is about power and money, period.

“The Wizard”, as Glenn calls him, appears to be Joel Rogers. Here is Joel’s bio on the Emerald Cities webpage:

Joel Rogers
COWS, Director
Joel Rogers, a former labor organizer, is a professor of law, political science, public affairs, and sociology at the university. He is the director of COWS, MIP, and CSI, senior policy advisor to Green for All, and cofounder and first chair of the Apollo Alliance. Joel has written widely on democratic theory and contemporary politics and is a MacArthur Foundation “genius” fellow, identified by Newsweek as one of the 100 living Americans mostly likely to shape U.S. politics and culture in the 21st century. John Sweeney and Andy Stern jointly said of Rogers: “nobody outside the American labor movement has shaped our present thinking as profoundly.”

Here is a youtube video of (big mouth) Van Jones bragging about Joel Roberts’ Progressive Accomplishments:

(Highlights: Jones brags about Joel Rogers’ roll in founding the Apollo Alliance, how the Stimulus is going to put something like $80 Billion dollars in this direction, The New Party which is now The Working Families Party “is the basic framework for what JUST TOOK OVER THE WHITE HOUSE”).

Did you get that?!? The New Party, which is now The Working Families Party, just took over our White House!

Why is this so important? Well for one, it is possibly the biggest con in the history of the world. Making something-out-of-nothing and forcing people to buy $10 trillion dollars worth of it... breathtakingly brazen!

And two, Cap and Trade would cause the price of everything we buy and use to skyrocket. It would drive millions more American jobs overseas. Radical left-wing groups and politicians will reap untold political power and billions of dollars if Cap and Trade passes.

I know we are tired and overwhelmed (that is one of their main goals, to overwhelm us)... but we have to stop this.

No less than the future of our country depends on it.

28 posted on 05/01/2010 7:08:05 AM PDT by Painesright
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To: Jim Robinson

Posted 4/30/10:

(Beck) The One Thing 4/29 CRIME INC. (The $10 TRILLION Dollar Heist??)

29 posted on 05/01/2010 7:12:43 AM PDT by Painesright
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To: musicman


30 posted on 05/01/2010 7:41:48 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Excellence

If you ever need to catch up on his show (which I do ‘cause it comes on @ the worst time of day for a ‘mommy’), here’s a good link:

31 posted on 05/01/2010 8:04:43 AM PDT by RushIsMyTeddyBear (I don't have a 'Cousin Pookie'.)
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To: pyx

This CCX Exchange and Obama HUSSEIN being up to his freakin Eyeballs in it is an Outright Treasonous Act and Outrageous Scandal!

32 posted on 05/01/2010 8:12:53 AM PDT by True Republican Patriot (May GOD Continue to BLESS Our Great President George W. Bush!!)
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To: Painesright; RepublicanChick

Great summary. I’m going to email this to everyone I know..
This is the greatest scam and corrupt power grab in history.

33 posted on 05/01/2010 9:54:54 AM PDT by kara2008
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To: kara2008

Thank you.

34 posted on 05/01/2010 10:09:09 AM PDT by Painesright
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To: Moorka

Even Kramer (CNBC) got into it, with a long term buy on NYX, and near-, mid-term buys on CME and ICE (not necessarily in that order....memory lapse)

35 posted on 05/01/2010 10:34:21 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: Eric in the Ozarks
re: It’s starting to get through to the scribbling class...


.... let's hope so.

Somehow, I seriously doubt it.

36 posted on 05/01/2010 11:58:43 AM PDT by ICAB9USA (I cut off part of my middle finger .......... it almost rendered me mute. -- Rahm Emanuel)
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To: Jim Robinson

Thanks Jim.

37 posted on 05/01/2010 4:09:18 PM PDT by Marine_Uncle (Honor must be earned....)
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To: pyx

It looks like this story may be getting some legs...

38 posted on 05/01/2010 4:49:24 PM PDT by DBeers (†)
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To: All
I still am overwhelmed by the words. . Chicago Climate Exchange, Carbon trading, Carbon anything. Ayn Rand would have a fit. . .
39 posted on 05/01/2010 5:21:57 PM PDT by Art in Idaho
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To: Jim Robinson
Thanks Jim. :)

40 posted on 05/01/2010 8:51:25 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: All
Glenn Beck clued Fox viewers onto Obama's connection to the Chicago Climate Change. The truth always outs—even when you’re Barack Obama.

Obama’s involvement in Chicago Climate Exchange—the rest of the story
By Judi McLeod, March 25, 2009, Canadian Free Press

“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes.

In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”

The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

And that’s only the beginning of this tawdry tale, Mr. Barnes. The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong. For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.

Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”

Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself—the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.

Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States.

That’s because he spends most of his time in China where he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.--SNIP--long read


41 posted on 05/02/2010 8:28:26 AM 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: pyx
Lost in the recent headlines was Al Gore's appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation's philanthropic leaders.

"Philanthropic" my a$$; these creeps are engaged in a purely profit-making venture. They belong in jail for racketeering, tax-evasion, and fraud.

42 posted on 05/02/2010 9:20:18 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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