Free Republic

Public carbon trading dead in the USA Posted on November 8, 2010 by Anthony Watts Gore’s grand experiment has flatlined. As we reported almost two weeks ago, the Gore and Pachauri advised Chicago Carbon Exchange (CCX) has closed. Closing price? A nickel per ton of CO2.Here’s the final day closing page for posterity:A 16 lb bag of charcoal briquettes is worth more than a ton of CO2. About 220x more. Here’s more on the story:Carbon Trade Ends on Quiet Death of Chicago Climate ExchangeBy John O’SullivanRepublican mid-term election joy deals financial uncertainty among green investors as the Chicago Climate Exchange announces...

OAKLAND, CA — A tough political atmosphere in which Congress backed away from comprehensive clean energy and climate change legislation may have been the nail in the coffin for one of the voluntary carbon market's early pioneers.The Chicago Climate Exchange (CCX) will discontinue its voluntary greenhouse gas cap-and-trade program next month, according to Intercontinental Exchange Inc., its parent company. In its place, CCX will launch a new registry program for 2011 and 2012 carbon offsets.The development marks a stark contrast from two years ago when many considered climate change legislation in the U.S. to be inevitable."Fundamentally with any program that...

Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading – the only purpose for which it was founded – this year. Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law, like the Waxman-Markey scheme passed by the House in June 2009.

<p>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.”</p> <p>That being the case, then surely the first question should be: “Who is attacking the U.S.?”</p>

Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA April 27, 2:53 PMOrange County Conservative ExaminerGregory DailPrevious 2 comments Subscribe Subscribe Get alerts when there is a new article from the Orange County Conservative Examiner. Read Examiner.com's terms of use. Email Address Include other special offers from Examiner.com Terms of Use ShareThis IMage credit-Wikipedia Glenn Beck breaks the biggest corruption story of the century yesterday and it doesn’t appear on a Front Page anywhere. Beck points the way to the 15 Trillion dollar scam that has some amazing players. (See full transcript here) First Glenn makes and astute...

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...

The CCX was the topic of thousands of MSM articles over the years, but not a single article reported their recent demise. Hmmm. Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year.Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub...

* ICE to cut around half of 50-person CCX workforce * 1st round of layoffs began July 23, more to come in autumn * Sources cite U.S. climate inaction as main reason for cuts * ICE collecting feedback on what to do with climate bourse By Michael Szabo LONDON, Aug 11 (Reuters) - Market operator Intercontinental Exchange Inc. (ICE.N) is laying off staff at newly acquired U.S. environmental bourse the Chicago Climate Exchange (CCX), industry sources told Reuters, citing a lack of U.S. action on climate change. They said the first round of layoffs began on July 23 and, although...

Taxes: While the oil and gas companies are bearing the brunt of taxation, regulation and environmental angst, others are doing just fine, thank you. If you think cap-and-trade is dead, just follow the money. According to a recently released Center for Responsive Politics review of reports filed with the U.S. Senate and U.S. House, General Electric and its subsidiaries spent more than $9.5 million on federal lobbying from April to June — the most it's spent on lobbying since President Obama has been in office. Why? As the fight over cap-and-trade grows, so does lobbying. Since January, GE and its...

Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the "green" movement were inventing a patented system to trade residential carbon credits. Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 -- the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H., criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable." "It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it...

'Glenn Beck': ShoreBank's Tangled Web Friday , May 21, 2010 GLENN BECK, HOST: I want to talk to you a little bit about ShoreBank. And all you need to know about ShoreBank in Chicago is it's a really good local bank — that's it — a really good local bank. I want to start over here. Do you remember Crime Inc.? This is a story that we've been telling you here for a while. And I just want to run this down. Joyce Foundation, when Barack Obama was on the board of the Joyce Foundation — this is a really...

The heart of the proposed (Western Climate Initiative) on the west coast, the (Regional Greenhouse Gas Initiative) in the northeast and the (Midwest Greenhouse Gas Reduction Accord) have, or soon will, establish greenhouse gas reduction mandates that cover twenty three states, including very populous ones like New York, California and Illinois. In addition, twenty four states have adopted (Renewable Portfolio Standards) that require ever-increasing amounts of electricity generated in those states to come from renewable sources that do not introduce additional greenhouse gases into the atmosphere.All told, thirty four states are participating in the big three regional initiatives described above,...

Because of the increase of wickedness, the LOVE of most will grow cold. Matt 24:12 As a pure capitalist I can understand why everything has a value and people have the right to earn a profit from any idea that has merit, but the field has to be even and ethical, algore fails on both points. His development and exploitation of Global Warming and the Chicago Carbon Exchange should have him investigated for fraud and racketeering. This is the biggest scandal the world has ever seen yet since the powerfully connected are involved is being whitewashed. We have everybody from...

On Friday, Sandor and the other shareholders of parent company Climate Exchange cashed out of this big idea for about $600 million. The IntercontinentalExchange (ICE), an electronic futures and derivatives platform based in Atlanta and London, announced it had agreed to purchase the three exchanges, the Chicago Climate Exchange, Chicago Climate Futures Exchange and European Climate Exchange. The combination brings the still-small U.S. carbon market closer to the profitable world of global over-the-counter (OTC) energy trading, which ICE specializes in. It also consolidates carbon emissions trading under the tents of two major commodity exchanges, ICE and CME Group, which operates...

Corruption: The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely. All across Europe authorities have been conducting raids, rounding up individuals involved in a new version of Climate-gate. This time the data aren't corrupted. Europe's Emissions Trading System is. The system is so sick, it's turned out to be a scam built upon a scam. Twenty-five people have been arrested in raids by British and German authorities as part of a pan-European crackdown on carbon credit VAT...

FOR IMMEDIATE RELEASE Monday, November 5, 2007 Emanuel Announces the Greening of the Capitol U.S. Congress to Purchase Carbon Offsets from the Chicago Climate Exchange ### WASHINGTON, D.C.—Today, U.S. Representative Rahm Emanuel (IL-5) joined Dan Beard, Chief Administrative Officer of the House of Representatives, officials from the Chicago Climate Exchange (CCX), the City of Chicago, and fellow Members of Congress to announce the purchase of carbon offsets on the Chicago Climate Exchange to help make the U.S. House of Representatives carbon neutral by the end of the 110th Congress. “Through the ‘Green the Capitol’ initiative, the House of Representatives joins...

The present invention is directed to a method of residential emissions trading and a residential emissions trading commodity. In particular, an embodiment of the present invention is a method for identifying, quantifying, and aggregating reductions in residential emissions into a tradable... Inventors: Franklin D. Raines, Robert J. Sahadi, Kenneth Berlin, Michelle Desiderio, Scott Lesmes, Elizabeth Arner Cavey, Carlton Bartels, Jane Bartels What is claimed is: 1. A method for providing a residential emissions trading program, comprising the steps of: identifying an energy savings opportunity in a residential property; quantifying an emissions reduction produced by the energy savings opportunity; and aggregating...

Rothschild, Rockefeller, Maurice Strong, Al Gore, Goldman Sachs, Mayor Daley, William Ayers, Saul Alinsky, Saudi Arabia, China and the United Nations equals Barak Obama. When we look at what has happened to the American dream, the American Constitution, the American economy in the past 12 months, it seems that there is a deliberate plan to completely destroy the entire American way of life and even the country as we know it. When you look at the national debt, the bail outs of the banks, the fake stimulus bill, the health care bill, the coming cap and trade, the loss of...

Al Gore’s purchase of a near nine million dollar Montecito mansion with an almost comical carbon footprint (nine bathrooms!) probably means that he has given up on the global warming movement and decided to become a Hollywood producer (not that he ever made much of a distinction between two). Montecito is where the creme of the Hollywood creme go when Beverly Hills gets too crowded and nouveau riche. Among others, Michael Douglas, Kevin Costner, Christopher Lloyd, Dennis Franz and Oprah have homes there – and they don’t even have Nobel Prizes. (Douglas and Costner do have Oscars though.) No word...

The constant Goldman Sachs charade on television has got me thinking… Here are a few things for YOU to ponder…• William C. Dudley, President of the Federal Reserve Bank of New York; was a partner and managing director at Goldman • Gary Gensler, Chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman • Mark Patterson, Chief of Staff to Tim Geithner; former Goldman lobbyist • Philip Murphy; nominated for ambassador to Germany; former Goldman executive • Diana Farrell; Deputy Director of the National Economic Council; formerly with Goldman • Emil Michael; White House fellow; former investment banker...