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Carbon Trading Grinds to a Halt in U.S.
Fox News ^ | 11/8/2010 | staff

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 ...


TOPICS: Extended News; News/Current Events
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1 posted on 11/08/2010 5:22:28 PM PST by tobyhill
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To: tobyhill

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.


2 posted on 11/08/2010 5:24:10 PM PST by marron
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To: tobyhill

Regrouping and reorganizing.


3 posted on 11/08/2010 5:24:22 PM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: tobyhill

Where are those matador and “Ha! Ha!” guys?


4 posted on 11/08/2010 5:26:32 PM PST by FlingWingFlyer ("In God We Trust", everyone else must show proof of citizenship.)
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To: cripplecreek; tobyhill; marron

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.


5 posted on 11/08/2010 5:27:34 PM PST by onona (dbada)
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To: cripplecreek

I think most investors want to actually see what they’re investing in.


6 posted on 11/08/2010 5:28:19 PM PST by tobyhill
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To: tobyhill

I hope Gore loses EVERYTHING!!!


7 posted on 11/08/2010 5:30:19 PM PST by Sacajaweau
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To: tobyhill

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!


8 posted on 11/08/2010 5:32:00 PM PST by FlingWingFlyer ("In God We Trust", everyone else must show proof of citizenship.)
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To: tobyhill

Carbon trading <<-— die, die, die...


9 posted on 11/08/2010 5:32:13 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: marron
I saw Chicago and went hmmmmm...just like you. Since 2003. What about Biden? What about the chick that just left the EPA?

Is there anyone holding down the Whitehouse?? Oh Yeh...Grandma.....

10 posted on 11/08/2010 5:33:43 PM PST by Sacajaweau
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To: tobyhill

http://www.zazzle.com/eat_my_carbon_footprint_bumper_sticker-128596240139053928


11 posted on 11/08/2010 5:35:33 PM PST by xp38
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To: tobyhill

As Beck pointed out today, while you are distracted with the shutting down of the carbon trading program,....”What is the other hand doing?”


12 posted on 11/08/2010 5:36:33 PM PST by Ruy Dias de Bivar (I visited GEN TOMMY FRANKS Military Museum in HOBART, OKLAHOMA! Well worth it!)
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To: tobyhill

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.


13 posted on 11/08/2010 5:38:12 PM PST by Cicero
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To: tobyhill

I’ve got some beach-front property in Kansas
I’ll sell em.


14 posted on 11/08/2010 5:38:43 PM PST by gitmo ( The democRats drew first blood. It's our turn now.)
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To: marron

I found a couple of articles. It looks like it was “dirty”...a type of scam...


15 posted on 11/08/2010 5:41:38 PM PST by Sacajaweau
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To: tobyhill; scripter; Darnright; WL-law; bamahead; carolinablonde; SolitaryMan; rdl6989; livius; ...
 


Beam me to Planet Gore !

16 posted on 11/08/2010 5:42:08 PM PST by steelyourfaith (ObamaCare Death Panels: a Final Solution to the looming Social Security crisis ?)
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To: tobyhill
This quote from the story kind of worries me:

“”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?

17 posted on 11/08/2010 5:42:33 PM PST by CapnJack
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To: tobyhill

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


18 posted on 11/08/2010 5:43:05 PM PST by ronnie raygun (Why is it when I hear compromise I hear crickets)
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To: tobyhill

Climategate - Thank you whoever leaked those emails.


19 posted on 11/08/2010 5:44:23 PM PST by jd777
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To: FlingWingFlyer; Chode

Where are those matador and “Ha! Ha!” guys?


20 posted on 11/08/2010 5:50:02 PM PST by EGPWS (Trust in God, question everyone else)
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