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Cap and Retreat [Chicago Climate Exchange shuts down]
Wall Street Journal ^ | November 20 2010 | Wall Street Journal

Posted on 11/22/2010 2:40:18 PM PST by Winged Hussar

A cap-and-trade system for carbon emissions has been touted by environmentalists as a market-friendly mechanism to reduce global warming. Well, the market has spoken. The Chicago Climate Exchange, which advertises itself as "North America's only cap and trade system for greenhouse gasses," is shutting down.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: capandtrade; ccx; globalwarming
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This is what happens when a PARASITE (Chicago Climate Exchange) loses its host (productive elements of the U.S. economy) to leech on.

Take a look at the price of carbon indulgences, excuse me, credits at http://www.chicagoclimatex.com/. The laugh should be good for the whole week! (The CCX turkey gets chopped a few days early.)

1 posted on 11/22/2010 2:40:28 PM PST by Winged Hussar
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To: Winged Hussar

I believe they sold out...so this is only part of the story...and some people made a ton of money...and I’ll bet Gore was one of them.


2 posted on 11/22/2010 2:42:37 PM PST by Sacajaweau
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To: Winged Hussar

HA HA.


3 posted on 11/22/2010 2:44:22 PM PST by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: Winged Hussar

They bet on the dems winning the midterms & they lost.

Sorry. No more crazy money-spinning crap for you!


4 posted on 11/22/2010 2:45:11 PM PST by Christian Engineer Mass
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To: SIDENET

Don’t laugh too much...Gore pocketed $18 million from this scam. There’s MANY articles about this.


5 posted on 11/22/2010 2:45:57 PM PST by Sacajaweau
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I am glad that it shut down. What a complete piece of crap it was.

How anyone would buy into this scheme is beyond me.

The question is???? When will they rename it and try it again?

I am tired of people on TV being way too PC. Will someone/everyone just start calling Al Gore and IDIOT! This guy is one of the biggest fools to have ever held a political office.

I am in the ZERO TOLERANCE ZONE when it comes to Global Warming.

Anyone that tries to debated this with me gets both barrels pointed at them. They are fools and I will state this early in the debate.

No PC BS from me.


6 posted on 11/22/2010 2:49:20 PM PST by Jayster
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To: Sacajaweau
and some people made a ton of money...and I’ll bet Gore was one of them.

Obama, Gore, tied to Chicago carbon exchange!!!

Snip: Gore’s investment company, Generation Investment Management, which sells carbon offset opportunities, is the largest shareholder of CCX.

7 posted on 11/22/2010 2:49:20 PM PST by MamaDearest
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To: Winged Hussar

If they’re so worried about hot air, they should shut up.


8 posted on 11/22/2010 2:49:42 PM PST by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Sacajaweau
If he scammed it from the enviro-dumbass crowd, then I maintain HA HA.

(I am guilty of rofl.)

9 posted on 11/22/2010 2:50:22 PM PST by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: Winged Hussar

This scam will be back in one form or another. Watch out.


10 posted on 11/22/2010 2:50:59 PM PST by blam
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To: Sacajaweau

Not so fast thier back dooring us once again

http://taxpayerminute.com/
click on audio....Taxpayer Minute 08/9/10 - Cap-and-Trade


11 posted on 11/22/2010 2:55:37 PM PST by ronnie raygun (V)
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To: Winged Hussar

I said gay marriage would be the Pet Rock of the early 21st century. I was wrong....carbon trading nonsense is the new Pet Rock.


12 posted on 11/22/2010 2:55:58 PM PST by relictele
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To: Winged Hussar

Don’t fall for it. A multi trillion dollar “industry” doesn’t just close up shop and go away.


13 posted on 11/22/2010 2:56:53 PM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: Winged Hussar

What was it that Fannie Mae bought the patent on with global warming BS?


14 posted on 11/22/2010 2:58:50 PM PST by N. Theknow (Kennedys: Can't skipper a boat, Can't drive, Can't ski, Can't fly. But they KNOW what's best!)
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To: Winged Hussar

this is BIG!!!

The elites already had that money not only counted but spent. They could almost taste the rivers of Green Cash...and you have to know this is REALLY galling them.


15 posted on 11/22/2010 3:06:13 PM PST by Buckeye McFrog
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To: Winged Hussar

Ya can’t fool all the people all the time.


16 posted on 11/22/2010 3:09:09 PM PST by screaminsunshine (Americanism vs Communism)
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To: Sacajaweau
Gore made a big bundle off of CCX. He's evolved to a point that he never loses on his green energy scam investments. He may not make as much on particular ventures than he once thought but he never loses...and he's still an asshat.
17 posted on 11/22/2010 3:09:43 PM PST by JPG (The GOP leadership is on probation. No second chances. Don't blow it.)
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To: Sacajaweau
You are correct. The guy who started it with a lot of hoopla and a 1.1 million dollar grant sold out before it crashed and took home a nifty 74 million bucks for his efforts plus kudos from the usual left wing lame stream media!
18 posted on 11/22/2010 3:14:28 PM PST by carcraft (Pray for our Country)
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To: Sacajaweau
I believe they sold out...so this is only part of the story...and some people made a ton of money...and I’ll bet Gore was one of them.

Not only Gore but the Clintons, Obamas and Giannoulis raked it in. I'll bet even Soros had a piece of that action.

19 posted on 11/22/2010 3:19:18 PM PST by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: Don Corleone

Maybe Gore can take some of that money and join Jenny Craig.

No, I take that back.....none of that group meeting stuff. He needs a 1 on 1 with Jenny Craig.


20 posted on 11/22/2010 3:29:02 PM PST by Jayster
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