Get'em while they're Hot!
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 CCX’s 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 (Crain’s). 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, CCX’s 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 ...
Get'em while they're Hot!
ping
I trust AG took this in the financial shorts!
I certainly hope so............
So what happens to the carbon credits that were traded? I’m sure there w money involved too, who got taken?
Hope some big names lost big bucks...
NOT SO FAST! It will be dead when Obama is out of the WHite House.
This is more strategy of getting t e issue below the horizon of public attack, amnd is in ,m,itigation of scandel at the white house, Obamas buddies standto make BILLIONS! They will not give it up so easily.Look for their plan “B” and “C” and “D”.
Link PLEASE!
Thank you.
Just the fact this story isn’t much reported is sufficient to make me believe it’s more sleight of hand by the Leftists. Perhaps another diversion.
We shall see.
Bump.
Who is at the center of this decade’s old plan to cap residential air, and then trade its carbon footprints? Glenn Beck says, "Barack Obama was the one on the board of the Joyce Foundation that secured the initial funding for this project."
Al Gore and other founders of Generation Investment Management, a London company, along with Goldman Sachs were investors in the Chicago Climate Exchange (CCEx), the Obama driven project. Incidentally, how big is the carbon footprint of Gore's newly purchased 9 million dollar mansion in Montecito, CA? Will he split it with Tipper? Did his purchase coincide with the profits he made when CCEx folded into ICE, the International Climate Exchange? The now dead Carlton Bartels invented a system to trade residential carbon credits. His widow sold it to Franklin Raines, .. CEO ... Fannie Mae meltdown.
The day after the Democrats took control of Congress, Nov. 7, 2006, the patent was approved..... "Fannie Mae, who is congressionally mandated to 'make housing more affordable,' is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up," Beck says. He recently revealed Fannie Mae also holds patents on energy locking devices which would allow government bureaucrats to shut off electricity to individual homes deemed to be using too much juice.
Getting back the "key" or turn-back-on device could become a bureaucratic nightmare while our private citizens sit in the dark and return to a third world existence in what was once the world's most developed country!
It may be interesting to note that CCEx which has merged with Intercontinental Exchange (ICE) "[was] a veritable rat's nest of cronyism." The largest shareholder was Goldman Sachs. Chicago Mayor Richard M. Daley…. (Excerpt) Read more at collinsreport.net ...
Paging Glenn Beck, Mr. Glenn Beck please pick up the white phone in the lobby...
Richard Sandor is focusing on carbon trading in China and India, according to Bloomberg.
FLASHBACK:
http://209.157.64.201/focus/f-news/2091792/posts
George Soros, Maurice Strong and company redefine the Middleclass (Must read)
Canada Free Press ^ | September 26, 2008 | Judi McLeod
George Soros, Al Gore, Warren Buffet, Maurice StrongThe Democrat-loving mainstream media is missing the boat on Warren Buffet’s take of America’s economic meltdown as …”a sort of economic Pearl Harbor we’re going through.”
That being the case, then surely the first question should be: “Who is attacking the U.S.?”
(Excerpt) Read more at canadafreepress.com ...
Can we start a class action suit like they did against the tobacco industry? Can we sue algore?
Pray for America
good news
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