Chicago Climate Exchange Closes in SilenceWritten by Bob AdelmannThe New American Nov. 15, 2010 |
Israel 'Admits It May Not Be Able to Destroy Hamas,' Blames America
Texas Gov. Greg Abbott Signs Executive Order to Punish 'Antisemitic Rhetoric' on College Campuses
Israeli Lawyer Who Pushed 'Hamas Mass Rapes' Hoax Accused of Scamming Donors
All-Indian Crew On Ship That Crashed Into Baltimore's Francis Scott Key Bridge
RFK Jr Names Nicole Shanahan as VP Pick
On Election Day 2010, Reuters noted briefly that Intercontinental Exchange Inc. (ICE) was "shedding some 40 employees from its ... Chicago Climate Exchange (CCX) by the end of the year, with further cuts [expected] in 2011." In its curt announcement, Reuters said that all trading on that exchange had virtually stopped in July "due to the lack of U.S. action on climate change." Steve Milloy expected much more fanfare from the media. Commenting on the news, Milloy said that over the last 15 years, "cap and trade has been one of the most stridently debated public policy controversies ... but it is dying a quiet death." Incredibly (but not surprisingly), although thousands of news articles have been published about CCX by the lamestream media over the years, a Nexis search conducted a week after CCX's announcement revealed no news articles published about its demise. [Emphasis added.]Founded in 2002 by Northwestern University professor Richard Sandor with $1.1 million of grant money from the left-wing Joyce Foundation, CCX was to be the jackpot winner for those planning to profit from the coming cap-and-trade bills pending in Congress. The exchange found investors ranging from Ford, DuPont, Motorola, the University of California, Tufts University, Michigan State University, and the National Farmers Union all the way to Goldman Sachs and Al Gore’s company, Generation Investment Management. Read More |