Skip to comments.ICE to Buy Parent Of Chicago Climate Exchange
Posted on 04/30/2010 7:51:27 PM PDT by raptor22
Futures exchange group Intercontinental Exchange Inc. said it agreed to buy Climate Exchange for 395 million pounds ($606.7 million) to create a single trading platform for environmental contracts worldwide.
Shareholders in Climate Exchange, the operator of the European, Chicago and Chicago Futures carbon emissions exchanges, will receive 750 pence a share in cash, representing a 57 percent premium on Thursday's closing price, ICE said in a statement on Friday.
Climate Exchange was founded by Richard Sandor, a longtime futures industry executive in Chicago.
(Excerpt) Read more at chicagobusiness.com ...
FReep mail me if you’re interested in investing in my Unicorn Fart trade.
Wondering what really IS going on here. I smell a RAT.
For a minute I thought “ICE” was Immigration and Customs Enforcement and it was another Obama government takeover. At least that would have cleared up some conflicts of interest in this AGW fraud.
Glenn Beck took this apart today.
Barak Obama and Valerie Jarrett, Franklin Raines, Al Gore, Goldman Sachs, ACORN and more were involved in the creation od the CCX!!
Al Gore is chairman of Generation Investment Management which owns 10 percent of the Climate Exchange.
“Barak Obama and Valerie Jarrett, Franklin Raines, Al Gore, Goldman Sachs, ACORN and more were involved in the creation od the CCX!!”
Yup, I know. THAT’s WHY I smell a RAT.
Being deaf as a rock I don’t listen to Glenn Beck, or anybody else. Just read here at FRee Republic.
A government agency in an international scam?
Look at my post #12.
Starting to get an idea of who is on the board of directors. From a 2004 press release:
ICE Elects New Directors
Atlanta, GA, (April 28, 04) — IntercontinentalExchange (”ICE”) announced the election of two new members to its Board of Directors at its April 14th annual shareholder meeting. One director replaces Euan Baird who recently resigned from the board. The new directors are Vincent Tese and Judith Sprieser.
Vincent Tese currently serves as Chairman of Wireless Cable International, Inc. Previously, he served as New York State Superintendent of Banks from 1983 to 1985, Chairman and Chief Executive Officer of the Urban Development Corporation from 1985 to 1994, Director of Economic Development for New York State from 1987 to 1994, and Commissioner and Vice Chairman of the Port Authority of New York and New Jersey from 1991 to 1995. Mr. Tese also served as a Partner in the law firm of Tese & Tese. He was a Partner in the Sinclair Group, a commodities trading and investment management company, where he traded on the COMEX. He was also a co-founder of Cross Country Cable TV.
Mr. Tese is a member of the Board of Directors of The Bear Stearns Companies, Inc., Bowne & Company, Inc., Cablevision, Inc., Lynch Interactive Corp., and National Wireless Holdings, Inc., and as a trustee of New York University School of Law and New York Presbyterian Hospital.
Judith A. Sprieser is Chief Executive Officer of Transora, Inc., a standards-based, B2B e-commerce software and services company, which she helped found in 2000. Transora specializes in data synchronization and collaborative commerce technologies that facilitate trade efficiencies to reduce the cost of commerce and streamline trading relationships between manufacturers and retailers. Transora’s shareholders represent global and regional consumer products manufacturers. Ms. Sprieser was previously Executive Vice President of Sara Lee Corporation, serving as Chief Executive of Sara Lee’s Food and Foodservice operations. Prior to assuming that post, she served as Chief Financial Officer for Sara Lee Corporation, and in various other financial and operating positions.
Ms. Sprieser currently is a member of the Board of Directors of Transora, Allstate Insurance Company, USG Corporation, Kohl’s Corporation, Reckitt Benckiser, and is a member of the American Institute of CPAs and Northwestern University’s Board of Trustees.
First visible “EXIT” for politically prominent, visible investors?
That, or means of making carbon credits a truly global scam.
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