You sure wouldn’t know it left to the lame stream media to report the once over-hyped carbon trader, a global smarming-inspired crap & trade darling, the only U.S. effort at carbon trading. Failed? But ’tis twue. The Chicago Climate Exchange (CCX) will end carbon trading (at long last) by year’s end. The CCX’s voluntary trading in carbon emissions was to morph into The Hub after the mandatory carbon trading was created by law; the Waxman-Markey crap & trade law which was passed in June 2009 by the illustrious House. CCX, founded in 2000. At that time it was estimated that its carbon trading could reach $500B. Lo, and behold, that estimate ballooned to $10T (as in trillions!) over the years.
Not only was a young Barack Obama a board member of the Joyce
Foundation that funded the fledgling CCX, but over the years it
attracted such big name climate investors as Goldman Sachs and Al
Gore’s Generation Investment Management.
Article by Steve Milloy, publishes JunkScience.com and is the author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.
Just think – given another 10 years – Owl could have bought the planet! Whew! Such a close call, eh?
R.I.P. ye Golden Egg du Gore! Oh, and my condolences to de Owl. Sorry, man.