Posted on 11/08/2010 5:22:27 PM PST by tobyhill
The air has been taken out of the carbon trading market.
The only national carbon trading market in the U.S. will close its doors next month, due to stalled legislation in Congress and Republican gains in the midterm elections -- a major setback in efforts to regulate so-called greenhouse gases, which environmentalists argue contribute to global warming.
Since 2003, the Chicago Climate Exchange (CCX) has operated a voluntary network where companies can pledge to meet annual targets for the emissions of carbon from their factories and businesses. Those below the targets can sell surplus allowances or bank them; those above can purchase credits to offset their emissions -- similar to President Obama's stalled "cap and trade" legislation
(Excerpt) Read more at foxnews.com ...
Wow. That sounds like victory.
If we want the victory to be complete and permanent, though, we need to investigate the connections between CCX and Obama.
Regrouping and reorganizing.
Where are those matador and “Ha! Ha!” guys?
Yes indeed. Next step is to stop the state “trading” going on in the northeast by pulling the plug on the regional greenhouse gas initiative.
Flying fairly well under the radar, and it’s not very likely that the states are gonna give up this cash cow without a struggle.
I think most investors want to actually see what they’re investing in.
I hope Gore loses EVERYTHING!!!
I guess this means all those phony balony “carbon offset certificates” the Hollyweird windbags got in their swag bags at the Oscars don’t have any value anymore. LOL!
Carbon trading <<-— die, die, die...
Is there anyone holding down the Whitehouse?? Oh Yeh...Grandma.....
As Beck pointed out today, while you are distracted with the shutting down of the carbon trading program,....”What is the other hand doing?”
There was some talk in the media, I think maybe about half a year ago, the the Chicago Climate Exchange was planning to move in on the commodities exchanges in New York. In fact, that Chicago was planning to replace New York as a financial capital, with the CCX as a big foot in the door.
Looks like Obama failed Mayor Dailey once again. First he failed to bring the Olympics to Chicago, and now he has failed to bring the Carbon Credit exchange to Chicago.
The Chicago Mafia is not pleased.
I’ve got some beach-front property in Kansas
I’ll sell em.
I found a couple of articles. It looks like it was “dirty”...a type of scam...
“”The bulk of the users have said to us that they really don't want to continue to trade voluntarily in the absence of any credit for their work by the current administration,” Sprecher said in an earnings call last week.”
To me this quote says that the “Administration” was using this CCX as some type of protection racket scheme. These companies were either participating in this scheme to either keep Yobama of their backs -or- to curry favor with Yobama and get special kickbacks.
Or am I just imagining things?
Not so fast, click on 11/4/10 cap and trade, audio tells the tale! They’re back dooring us!
http://taxpayerminute.com/?q=latest
Climategate - Thank you whoever leaked those emails.
Where are those matador and Ha! Ha! guys?
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