Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Carbon Trade Ends on Quiet Death of Chicago Climate Exchange
suite101.com ^ | Nov 7, 2010 | John O'Sullivan

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.”

Collapse is Personal Setback for U.S. President

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.

Failure of European Climate Market May Follow


(Excerpt) Read more at suite101.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: 200011; 20101021; agw; carboncredits; carbonoffsets; carbontrade; ccx; climatechange; climateexchangeplc; climatescam; fanniemae; franklinraines; globalwarming; globalwarminghoax; joycefoundation; manbearpig; raines; reforestation; richardsandor; sandor; scam; trees
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 last
To: Liz
You would be closer to around 60 percent... it would be around 68 percent and this is with bringing the economy to a complete halt.....basically."

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...

81 posted on 11/08/2010 9:12:35 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
[ Post Reply | Private Reply | To 31 | View Replies]

To: April Lexington
Wrongo, dude

Wow! As a great grandmother, I don't get to be called 'dude' very often.

thanks for the upgrade ;o)

82 posted on 11/08/2010 10:05:55 PM PST by maine-iac7
[ Post Reply | Private Reply | To 80 | View Replies]

To: maine-iac7
Mon pleasure, m’dame! Un pardon...
83 posted on 11/08/2010 11:09:57 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
[ Post Reply | Private Reply | To 82 | View Replies]

To: April Lexington

ne pas oublier ;o)


84 posted on 11/09/2010 12:42:25 PM PST by maine-iac7
[ Post Reply | Private Reply | To 83 | View Replies]

To: maine-iac7

oui! un pardon!


85 posted on 11/11/2010 5:06:13 AM PST by April Lexington (Study the Constitution so you know what they are taking away!)
[ Post Reply | Private Reply | To 84 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson