(2007)Emanuel Announces the Greening of the Capitol (purchasing offsets -CCX)

House.Gov ^ | 11-5-07 | Rahm Emanuel

[STARWISE]

FOR IMMEDIATE RELEASE Monday, November 5, 2007

Emanuel Announces the Greening of the Capitol U.S. Congress to Purchase Carbon Offsets from the Chicago Climate Exchange

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WASHINGTON, D.C.—Today, U.S. Representative Rahm Emanuel (IL-5) joined Dan Beard, Chief Administrative Officer of the House of Representatives, officials from the Chicago Climate Exchange (CCX), the City of Chicago, and fellow Members of Congress to announce the purchase of carbon offsets on the Chicago Climate Exchange to help make the U.S. House of Representatives carbon neutral by the end of the 110th Congress.

“Through the ‘Green the Capitol’ initiative, the House of Representatives joins Chicago in a commitment to energy efficiency and responsible stewardship of the environment,” said Emanuel.

Under the Leadership of House Speaker Nancy Pelosi (CA-8) and Majority Leader Steny Hoyer (MD-5), the House will become carbon neutral by purchasing wind power for the electricity used by the House, by substituting the House’s portion of the use of the Capitol Power Plant natural gas for coal, and to offset the carbon emitted from burning natural gas, the House will purchase carbon offsets.

After taking into account the other changes made under the Green the Capitol Initiative, the House is offsetting 30,000 tons of carbon through the purchase of carbon financial instrument contracts or carbon credits through CCX, totaling approximately $90,000.

Funding for the purchase of these carbon offsets is available in the Chief Administrative Officer’s Fiscal Year 2008 budget.

“Offsetting the House of Representative’s greenhouse gas emissions through CCX is a hat-trick for the Country – a win for the environment, a win for industry, and a win for our Nation’s expanding economy,” said Emanuel.

The City of Chicago is leading the way in transitioning to an eco-friendly world, bringing two solar panel manufacturers to the city, planning or negotiating the construction of over 2 million square feet of rooftop gardens, and more.

The City of Chicago buys 5% of its power from renewable sources and was the first city to join CCX. CCX is a U.S. corporation that began trading in 2003 and is the world’s first and North America’s only active voluntary, legally binding integrated trading system to reduce emissions of all six greenhouse gases, with offset projects in North America and worldwide.

Other CCX Exchange Participants include the World Bank.

Emanuel has worked with the Speaker of the House, the CAO, and other congressional leaders to include environmental initiatives such as purchasing offsets and green roofs on House Office Buildings in the Green the Capitol initiative.

[STARWISE]

Gore was right that foundations will play a key role in keeping the climate scam alive as evidence of outright climate fraud grows, just as they were critical in the beginning when the Joyce Foundation in 2000 and 2001 provided the seed money to start the Chicago Climate Exchange.

It started trading in 2003, and what it trades is, essentially, air. More specifically perhaps, hot air.

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10-26-08 - Chicago Public Radio:

Excerpt:

While the financial markets flounder, one exchange in Chicago had a record day this week. The Chicago Climate Exchange hosted its biggest trading day for a particular commodity.

It's not pork bellies or corn futures--it's a kind of carbon dioxide emission. Carbon trading is growing into what could be a trillion-dollar market--one that could define the future energy economy, and help head off global warming.

Just as the industry seems poised for meteoric growth, the Chicago exchange is facing new competition from out of town.

Back in the '70s, Richard Sandor came to Chicago with an idea. Why not let traders take bets on changes in interest rates?

SANDOR: I previously had been thrown out of most places, saying it was a silly idea because interest rates weren't volatile. Then in '73 the oil embargo occurred, and interest rates went crazy.

That little experiment earned Sandor the moniker, "The Father of Financial Futures" - though he may have joint custody with a few other economists. Anyway, Sandor was working in banking when Congress took up the Clean Air Act. Why would a banker care about air quality?

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3-30-09: Obama, Maurice Strong, Al Gore key players cashing in on Chicago Climate Exchange

Obama’s involvement in Chicago Climate Exchange–the rest of the story

Excerpt:

Good news to know that the truth will always out–even when you’re Barack Obama.

“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.

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*snip*

Barrack Hussein Obama, Board Member of the Joyce Foundation, funded the formation of the CCX. ( Valerie Jarrett is still on the board, Obama’s top adviser.) Obama sat on board and funneled money to Ayer’s brother (wild huh, just a guy in his neighborhood) and to form the CCX.

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Chicago Public Radio: Chicago Climate Exchange Links

Eight Forty-Eight 9/25/2008
New Rival for Carbon Trading Guru

Chicago Climate Exchange founder Richard Sandor (

While the financial markets flounder, one exchange in Chicago had a record day this week. The Chicago Climate Exchange hosted its biggest trading day for a particular commodity. It’s not pork bellies or corn futures—it’s a kind of carbon dioxide emission. Carbon trading is growing into what could be a trillion-dollar market—one that could define the future energy economy, and help head off global warming. Just as the industry seems poised for meteoric growth, the Chicago exchange is facing new competition from out of town.

Back in the '70s, Richard Sandor came to Chicago with an idea. Why not let traders take bets on changes in interest rates?

SANDOR: I previously had been thrown out of most places, saying it was a silly idea because interest rates weren’t volatile. Then in '73 the oil embargo occurred, and interest rates went crazy.

That little experiment earned Sandor the moniker, “The Father of Financial Futures” – though he may have joint custody with a few other economists. Anyway, Sandor was working in banking when Congress took up the Clean Air Act. Why would a banker care about air quality?

SANDOR: Somebody said to me, well, you’ve commoditized something people thought couldn’t be commoditized. Do you think it could be done for air?

What he came up with was to set a limit on pollution, effectively slapping a price tag on the right to pollute. If your company cuts emissions more than it has to, you could sell off your extra allowances, then some other company that wants to pollute more can buy your excess capacity.

It began with the stuff that causes acid rain. Then in 2003, Sandor launched the Chicago Climate Exchange, trading in greenhouse gas emissions.

SANDOR: Our members are growing. We started with 13, we’re north of 450 now. We’ve come a long way in the road.

But here’s the thing: there is no cap on carbon emissions in this country—the U.S. doesn’t regulate it. So, the Climate Exchange, also called the CCX, made up a voluntary system. That makes it kind of a boutique industry. But now, this idea born in Chicago seems to be catching on…

OBAMA: There is a way of dealing with the issue, by setting up what’s called a cap and trade system.

MCCAIN: Under the cap and trade system the profit motive will suddenly point the other way, toward cleaner fuels.

So, we have rare agreement between the presidential candidates. That makes it more likely that a mandatory cap-and-trade system will be how the markets chart society’s response to global warming. That would also blow this sector wide open, one estimate puts it at a trillion dollars by 2020. But just as Richard Sandor’s big idea seems about to pay off, a well-heeled new competitor is rolling in. Meet the Green Exchange.

*snip*

So here’s a growth market with huge implications for climate policy – and New York and Chicago are duking it out for primacy. It’s Wall Street versus LaSalle Street, Yankees versus Cubs.

But, in a twist, Nymex was just gobbled up by the Chicago Mercantile Exchange – based just around the corner from Richard Sandor’s office. Sandor concedes that’s good for Chicago’s financial industry, but he can’t resist reminding us where the idea for carbon trading came from in the first place.

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Muckety Map:Valerie Jarrett - Carol Browner .. click on lower left, Alliance for Climate Protection to see all the connections

Muckety Map: Albert Gore Jr .. (Rezko's shown; amazing that, when you scroll over his name, it says 'assistant to president')

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How very long they've been plotting their schemes and scams to glut and destroy our precious Republic.

[STARWISE]

~~Ping!

[STARWISE]

CCX Congratulates the President-Elect

President-Elect Obama's Statements on Cap-and-Trade To Date

“To deal directly with climate change, something we failed to do in the last energy bill, we should use a market-based strategy that gradually reduces harmful emissions in the most economical way…Right here in Chicago, the Chicago Climate Exchange is already running a legally binding greenhouse gas trading system.”

Barack Obama (D-IL), April 3, 2006

“I will implement a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80% below 1990 levels by 2050. I will start reducing emissions immediately by establishing strong annual reduction targets with an intermediate goal of reducing emissions to 1990 levels by 2020.

I will restore U.S. leadership in strategies for combating climate change and work closely with the international community. We will re-engage with the U.N. Framework Convention on Climate Change, the main international forum dedicated to addressing the climate change problem.”

Barack Obama (D-IL), Science Debate 2008, September 20, 2008

[Bahbah]

U.S. Congress to Purchase Carbon Offsets from the Chicago Climate Exchange

Oh my, the plan to make Ozero and his buddies unbelievablby wealthy proceeds apace.

[cripplecreek]

“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 (Evil Bastard)

[STARWISE]

Carbon Could Be No. 1 Commodity: Exchange Chief
Published: Monday, 26 Apr 2010
By: Natalie Erlich
Writer/Producer

Carbon trading is set to become the world's largest commodity market, Richard Sandor, chairman and founder of the Chicago Climate Exchange, told CNBC.com.

“Carbon, when it becomes worldwide, will be unambiguously the largest commodity in the world,” Sandor said in an interview. “The world emits 35 billion tons; it’s priced at $20; that’s $700 billion. Put a 10-20 multiple like you do on futures, [and] you’re talking about $10 trillion at maturity.”

SEE VIDEO ON THE LEFT SIDE - RICK SANTILLI INTERVIEWS SANDOR

[cripplecreek]

Looks like our Great Lakes Czar, Cameron Davis was also a Joyce Foundation boardmember at one point as well as president and CEO of the alliance for the great lakes.

Now he’s an unaccountable czar with control of billions of taxpayer dollars with no oversight.

[cripplecreek]

Do you have anything you would like to add here?

[cripplecreek]

I suggest looking at the Apollo Aliance as well. Interesting gallery of interconnected clowns sitting on that board as well.

http://apolloalliance.org/about/board/

[STARWISE]

Chicago Climate Exchange poised for fast growth

By: Ann Saphir July 28, 2007

Excerpt: "People looked at us like we were insane and smoking something, given it was Berkeley," Mr. Sandor recalls.

His idea broke big in 1975, when, as the Chicago Board of Trade's chief economist, he invented the interest-rate futures that eventually cemented Chicago's place as the world's derivatives capital.

Today, Mr. Sandor appears on the cusp of another breakthrough. His Chicago Climate Exchange is positioned for breakneck growth as lawmakers prepare to mandate carbon-emissions trading, thrusting what had been an idealistic and marginal local marketplace into the forefront of the fight against global warming.

Chicago Climate Exchange Chairman and CEO Richard Sandor, left, and Mayor Richard M. Daley announced the opening of the exchange in 2003.

[Bahbah]

Now he’s an unaccountable czar with control of billions of taxpayer dollars with no oversight.

The tentacles reach everywhere. I guess we'll see what we can do in November and then continue our work beyond that. It truly is a Churchill moment: Never, never, never give up.

[potlatch]

[cripplecreek]

CCX member list. Looks like lots of taxpayer dollars going down that hole.

http://www.chicagoclimatex.com/content.jsf?id=64

[steelyourfaith]

 

Beam me to Planet Gore !

[Just A Nobody]

Congress to Purchase Carbon Offsets from the Chicago Climate Exchange

And just where, pray tell, does CONgre$$ get money to invest as a group. Hmmmmm?

[STARWISE]

Crooks and liars !

[STARWISE]

“Chief Administrative Officer’s Fiscal Year 2008 budget.”

Sickening!

[gildafarrell]

Dan Beard & his buddy Bob Lane friends & working associates with Guy R. Martin of Perkins Coie Law Firm, Obama’s D.C. law firm who keep fighting the release of Obama’s birth certificate. When Martin was Assistant Secretary, Land & Water Resources, Dept of Interior under Carter Administration, Beard was one of two Deputy Assistant Secretaries under Martin while Bob Lane was of several Staff Assistant reportable to Martin. Later under the Clinton Admin, Beard became Commissioner of Reclamation reportable to the equivalent of the Assistant Secretary for Land and Water Resources. Yeah, these D.C. bureaucrats no one can get rid of. They pop out of the woodwork like cockroaches.

[STARWISE]

Thanks for the info. Yes .. and they ARE cockroaches!

[gildafarrell]

Another tidbit—Guy R Martin of Perkins Coie worked in Seattle for the same law firm before returning to D.C. Remember Obama’s maternal side of the family lived in the Seattle area. This could be “just” a coincidence.