Good riddance. Hope everyone involved, esp the goracle-liar lost tons of
moolah.
<http://scottystarnes.wordpress.com/author/scottystarnes/> Carbon
Trading Grinds to a Halt in
U.S.<http://scottystarnes.wordpress.com/2010/11/09/carbon-trading-grinds-to-a-halt-in-u-s/>
*Scotty Starnes
<http://scottystarnes.wordpress.com/author/scottystarnes/>*| November
9, 2010 at 7:00 AM | Tags:
carbon <http://scottystarnes.wordpress.com/tag/carbon/>, carbon
trading<http://scottystarnes.wordpress.com/tag/carbon-trading/>,
Chicago Climate
Exchange<http://scottystarnes.wordpress.com/tag/chicago-climate-exchange/>,
Environmental
Justice<http://scottystarnes.wordpress.com/tag/environmental-justice/>,
Environmental Protection
Agency<http://scottystarnes.wordpress.com/tag/environmental-protection-agency/>,
EPA <http://scottystarnes.wordpress.com/tag/epa/>, Lisa
Jackson<http://scottystarnes.wordpress.com/tag/lisa-jackson/>,
social justice <http://scottystarnes.wordpress.com/tag/social-justice/> |
Categories:
Uncategorized<http://scottystarnes.wordpress.com/category/uncategorized/>|
URL:
http://wp.me/pvnFC-3pz
This is sure to produce hot air and tears from Al Gore, the Obama's
<http://www.canadafreepress.com/index.php/article/9629>and the Clinton's
since all are tied to the Chicago Climate Exchange
<http://www.examiner.com/orange-county-conservative-in-orlando/scandal-obama-gore-goldman-joyce-foundation-ccx-partners-to-fleece-usa>
(CCX).
>From Fox
>News<http://www.foxnews.com/scitech/2010/11/08/carbon-trading-grinds-halt/>
:
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 <http://www.theccx.com/>**)
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*
But according to an
advisory<http://www.theccx.com/info/advisories/2010/2010-13.pdf>
posted
to the exchange's website, participants simply didn't want to trade in
carbon credits without a legal requirement that they do so. Jeff Sprecher,
chief executive of the InternationalExchange and CCX's owner, confirmed to
the Financial Times that participants in the CCX's cap-and-trade system
wanted to pull out.
"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<http://www.ft.com/cms/s/0/3fe91576-e5de-11df-af15-00144feabdc0.html>last
week.
Sprecher told analysts that European markets for carbon credits were still
going strong, but the business wasn't succeeding in the U.S.
"The businesses here are really loss-making businesses -- there is a very
uncertain U.S. regulatory appetite for 'cap and trade,'" he added.
A CCX spokeswoman pointed out that the end of the market was expected,
however; the program will conclude as scheduled at the end of the year, to
be replaced with the CCX Offsets Registry Program. The new program will
allow users to offset gasses, rather than trade credits for their
emissions. Should an executive take a lengthy flight, the new Registry will
allow the company to purchase an offset for the gas emitted by the flight,
in other words.
American Electric Power, one of the founding members of the CCX program, was
unsurprised to hear of the conclusion of CCX.
"The waters have been poisoned for cap-and-trade legislation, at least for a
couple of years," Bruce Braine, vice president of strategic policy at AEP,
told Greener World Media.
"EPA has made it abundantly clear to everybody that they're just heading
down a regulatory path now, and voluntary Climate Leader-type programs are
no longer really relevant in their minds -- so there really isn't a lot you
can do," he said.
The Obama EPA, led by Lisa Jackson, is the new threat. The EPA has already
ruled that carbon
dioxide<http://online.wsj.com/article/SB126013960013179181.html>,
you know the air that comes out when you exhale, is a polutant. This same
EPA is actively involved in the implementation of environmental
<http://www.cnsnews.com/news/article/70100>and social justice
<http://scottystarnes.wordpress.com/2010/10/28/is-green-socialism-epas-real-goal/>
programs.
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