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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.

Warming Scandal: The architect of climate fraud steps down, the creator of the infamous "hockey stick" is investigated, and Australia's parliament defeats cap-and-trade. We love the smell of truth in the morning. As the high priests of what Czech President Vaclav Klaus has called a "religion" prepare their pilgrimage to worship the earth goddess Gaia in Copenhagen, complete with humanity being sacrificed, the heresy of climate truth is finally being heard. The gospel of climate change, once expressed with the messianic fervor of an Elmer Gantry by Al Gore, is now expressed with the stammering incoherence of an Elmer Fudd...

Looking back over my columns of the past 12 months, one of their major themes was neatly encapsulated by two recent items from The Daily Telegraph. The first, on May 21, headed "Climate change threat to Alpine ski resorts" , reported that the entire Alpine "winter sports industry" could soon "grind to a halt for lack of snow". The second, on December 19, headed "The Alps have best snow conditions in a generation" , reported that this winter's Alpine snowfalls "look set to beat all records by New Year's Day". < -snip- > Suddenly it has become rather less appealing...

John McCain has earned a part of his maverick reputation by supporting strong and purposeful environmental policy that protects our common resources and public land. His history of advancing change within his own party makes him the best presidential choice for protecting the Earth. As an environmental entrepreneur and co-chairman of McCain's Environmental Coalition in Washington, I can attest that his leadership is inspiring a new generation of Republicans to revisit our philosophical roots as conservationist in the tradition of Teddy Roosevelt.

Financial services firm Cantor Fitzgerald has merged its previously separate U.S. pollutant brokerage with its carbon brokering business to try and cash in on expected expansion in U.S. carbon markets. Cantor wants to put to work in emerging carbon markets its U.S. environmental brokerage, which until now has focused on markets in pollutants like sulphur and nitrous dioxide. To do this it has merged the U.S. pollutants brokerage with its carbon brokerage Co2e, based in London, into a single business CantorCO2e. ... A power shift in the U.S. Congress last autumn has raised hopes for a federal U.S. carbon market,...

Britain is to enact the toughest laws on carbon emission in the world to reduce its impact on global warming, the Government announced yesterday. The UK will be the first country to impose legally binding five-year limits on carbon emissions as ministers aim to set an example to the world on how to beat climate change. Tony Blair declared the proposals a “revolutionary step” as he unveiled the draft Climate Change Bill yesterday to an audience of teenagers at Downing Street. He said that the legislation would strike a balance between the needs of the economy and the requirement to...