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| R.I.P.: Al Gore's Chicago Climate Exchange Has Died |
| 2010-11-09 |
| 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 ... trading imaginary climate benefits for real dollars... -- 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 ... a government initiative to set limits on carbon emissions that could then be traded for money by the people who designed it ... ... by and for the people who designed it ... law, like the Waxman-Markey scheme passed by the House in June 2009. At its founding in November 2000, it was estimated that the size of CCX's carbon trading market could reach $500 billion. That estimate ballooned over the years to $10 trillion. |
| Posted by:Fred |
| #11 Reminds me of what Chilkoot Charlie sez, We cheat the other guy and pass the savings on to you! |
| Posted by: Alaska Paul 2010-11-09 21:31 |
| #10 Was it made out of carbon? Got to be worth something... |
| Posted by: Grunter 2010-11-09 17:47 |
| #9 So come on down to Al Gore's House of Inconvenient Truth! Everything must go! No credit? No problem! Deals! Deals! Deals! You want 'em, we'll make 'em! We eliminate the middleman and pass the savings on to YOU! Cake and ice cream for the kiddies! Have your picture taken with Melty the Polar Bear! Al Gore's House of Inconvenient Truth! Open til midnight! Se habla espanol! Come on down!!! |
| Posted by: tu3031 2010-11-09 16:34 |
| #8 But wait, there is hope, CALIFORNIA, in a further display of liberal wisdom during the last election, has just started establishing an exchange run by the California Air Resources Board ......I kid you not! |
| Posted by: NoMoreBS 2010-11-09 12:54 |
| #7 How's the trade in snake oil doing? |
| Posted by: European Conservative 2010-11-09 10:28 |
| #6 R.I.H., rest in hell where it belongs. |
| Posted by: JohnQC 2010-11-09 09:37 |
| #5 Good. I can only hope the rest of this scam will die as well, but I fear it will keep being resurrected to haunt us again. |
| Posted by: DarthVader 2010-11-09 08:54 |
| #4 Richard Sandor, a mega donor to the Democrats, founded the exchange. A lot of corporations bought into this, presumably to garner political favors. The price of carbon credit has been near zero for about a year. sic transit BS mundi |
| Posted by: Lord Garth 2010-11-09 08:42 |
| #3 He's likely to lose the rest in the divorce proceedings. |
| Posted by: eLarson 2010-11-09 07:33 |
| #2 I certainly hope that Alphonse Gore lost his shirt in the deal. |
| Posted by: Anonymoose 2010-11-09 06:08 |
| #1 NOT-DA-BAND CHICAGO versus * WMF > IS THE US USING "WEATHER WEAPONS" AGZ CHINA: ABNORMAL FREQUENCY OF HURRICANES DEV FROM WATERS AROUND US GUAM BASE. Yuh oh, methinks this means CHINA has finally spotted the [high-energy] "AURORA" futuristic plane flying around GUAM-WESTPAC??? |
| Posted by: JosephMendiola 2010-11-09 00:36 |