Skip to comments.Carbon Trade Ends on Quiet Death of Chicago Climate Exchange
Posted on 11/07/2010 9:34:59 PM PST by Ernest_at_the_Beach
Republican mid-term election joy deals financial uncertainty among green investors as the Chicago Climate Exchange announces the end of U.S. carbon trading.
The Chicago Climate Exchange (CCX) announced on October 21, 2010 that it will cease carbon trading this year. However, Steve Milloy reporting on Pajamasmedia.com (November 6, 2010) finds this huge story strangely unreported by the mainstream media.
To some key analysts the collapse of the CCX appears to show that international carbon trading is dying a quiet death. Yet Milloy finds that such a major business failure has drawn no interest at all from the mainstream media. Milloy noted that a Nexis search conducted a week after CCXs announcement revealed no news articles published about its demise.
Not until November 02, 2010 had the story even been picked up briefly and that was by Chicagobusiness.com (Crains). Reporter, Paul Merrion appeared to find some comfort that while CCX will cease all trading of new emission allowances at the end of the year, it will continue trading carbon offsets generated by projects that consume greenhouse gases, such as planting trees.
Barack Obama was a board member of the Joyce Foundation that funded the fledgling CCX. Professor Richard Sandor, of Northwestern University had started the business with $1.1 million in grants from the Chicago-based left-wing Joyce Foundation enthusiastically endorsed by Obama. When founded in November 2000, CCXs carbon trading market was predicted to grow anywhere between $500 billion and $10 trillion. Fortunately before its collapse Sandor was able to net $98.5 million for his 16.5% stake when CCX was sold.
(Excerpt) Read more at suite101.com ...
Well, that’s one business I’m happy to see fail.
Dont believe it.
Obama is even now trying to find more gullible folks in the world market.
The whole problem is that carbon can only be successfully traded when it is in a useful form. Trading some amorphous “carbon”, the ownership of which is only represented by a certificate, but which cannot be truly possessed doesn’t make sense to most people. But trading carbon in the form of, for instance, food or furniture leaves people feeling like they got something of value for their money.
Me too. What a scam.
Phony business...phony market.. phony investors.
Australia dumps Carbon Trading Scheme
That article takes Greenhouse Theory at face value and by the criterion set up in the theory itself finds no evidence of warming on the basis of greenhouse effect.
Those four articles each show that Greenhouse Theory has no basis in reality due to a direct conflict with the known laws of physics. No wonder the smoking gun "hotspot" can't be found.
That article pretty much puts the kibosh on any serious trend of planetary warming from any cause. Think about it. If there is absolutely no sign at all of rising sea levels how could the planet be warming? Beyond the centuries long slow warming of the earth and rising of the seas of course. But that is only a few millimeters per century due to the inter-glacial period we are in.
“Barack Obama was a board member of the Joyce Foundation that funded the fledgling CCX. Professor Richard Sandor, of Northwestern University had started the business with $1.1 million in grants from the Chicago-based left-wing Joyce Foundation enthusiastically endorsed by Obama. When founded in November 2000, CCXs carbon trading market was predicted to grow anywhere between $500 billion and $10 trillion.’
Remember who he worked with at the Joyce Foundation?
Word ‘on the street’ is that there will be things come to light - now that obambie will no long have Congress to protect his back - that will take him down and that this information will come from Chicago....
Did RAhm scoot back to Chicago ‘cause he wants to run for mayor or to do some damage control? Do they think that by closing the exchange now that the records can be buried?
The person from the inside that told a reporter that the “WON” will go down and that Chicgao is where it will lead - said also to look into Blaggo, Resko and that gang.
the rats are on the run - and will eat their own to survive.
.. Ping and hooray !! Hope the demise is truly and eternally terminal.
* Joyce Foundation : The [Chicago Climate] Exchange [aka CCX] 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. ...Provided grant support to test the market in carbon credits. Barack Hussein Obama sat on their Board for 8 years.-—— http://blog.newyorkcitycommunity.us/2008/09/20/jon-corzine-and-hot-airperfect-together.aspx
51 posted on Sunday, November 02, 2008 1:43:02 PM by Calpernia | To 28
Sandor on permanent vacation? Moving on to the next scam?
Where's Gomer Pyle?
Surprise, surprise, surprise! You can't even get the mainstream media to admit it was all a hoax.
bwaaa ha haa haaaaaa
can we hope that Albore will end up bankrupt, or has he already cashed out his various fraudulent “investments” to put the money in other holdings?
The House will, please God, hold thorough, excruciatingly detailed hearings on Climategate and the role of the Associated Press in promoting the AGW fraud.Note to Congressmen: The Associated Press is the homogenizing influence which suppresses ideological diversity within journalism. The AP was found by SCOTUS to be in violation of the Sherman Antitrust Act back in 1945. Back, that is, when the conservation of communication bandwidth still was arguably a valuable function. Now, with the Internet, bandwidth is virtually free in comparison - and the AP need no longer be "too big to fail."
Wonder if Al bailed out before the crash.