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 ...
It was always about destroying the American economy and bringing the world's one remaining super-power to it knees. Kyoto, Carbon, blah blah, blah... it was ALWAYS about destroying the American economy. Nothing more. Not penguins, not icebergs, not global warming. Just economics and dethroning the American economy to let the rest of the world catch up. Obuttf*ck is proving that point today in India...
Wow! As a great grandmother, I don't get to be called 'dude' very often.
thanks for the upgrade ;o)
ne pas oublier ;o)
oui! un pardon!
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