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Al Gore's Carbon exchange (CCX) fails

hypocritexposer

Well-known member
Al Gore’s Climate Exchange Utterly Fails… Media Ignores It All

by Warner Todd Huston

Nov 8th 2010

Al Gore’s much ballyhooed Chicago Climate Exchange (CCX) has recently announced that it will no longer be engaging in carbon trading, an activity that was the sole purpose that it was created. This is an utter failure of purpose in global warming hysteria yet the Old Media is almost completely silent on this colossal failure.


Why has the media remained utterly quite on this abject failure after unleashing on the public an avalanche of stories that touted the creation of the CCX back in 2000 — and since for that matter? Roger L. Simon and David Thomson wonder just that.


The CCX was the brainchild of Northwestern University business professor Richard Sandor, who used $1.1 million in grants from the Chicago-based left-wing Joyce Foundation to launch the CCX. For his efforts, Time named Sandor as one of its Heroes of the Planet in 2002 and one of its Heroes of the Environment in 2007.


But as of the October 21 announcement that carbon trading would end, the Old Media is nowhere to be seen on the story.


Outside of a report in Crain’s Chicago Business and a soft-pedaled article in a small trade publication, the media has entirely ignored the demise of the only U.S. effort at carbon trading. Even Glenn Beck, who has dedicated quite a bit of Fox News airtime to exposing the CCX, has yet to mention the news.


The main reason that the CCX has failed, of course, is because the world has cooled for global warming. With the recent election results in the U.S. cap and trade is as much as a dead issue and even other nations are shying away from Kyoto-styled global warming laws that tend to crush economies while offering little by way of global warming fixes.


Worse, with the emergence of the lies and obfuscation by global warming religionists as evinced in the email chain from the Climate Research Unit at the University of East Anglia, the credibility of global warming pseudo science has taken a major hit. It all looks like globaloney at this point.


On top of all that is the worldwide depression that has hit us all. The depression has also helped destroy the starry eyed nonsense that is carbon trading. Rich societies with nothing else to do with their money might have the resources for such silliness, but countries in the grip of depression have more important (and true) things to worry about.


Still, the question of why the media has ignored this story is quite pertinent. One would think that if such an effort from the right had failed so miserably to succeed the Old Media would be pushing this news by leading every news cast, every TV report, and filling up the front page of every news paper with the tale. Yet this magnificent failure of the leftest of left-wing causes leaves the Old Media utterly silent.

It’s quite telling, isn’t it?

http://bigjournalism.com/wthuston/2010/11/08/al-gores-climate-exchange-utterly-fails-media-ignores-it-all/
 

Faster horses

Well-known member
They love to look the other way when it's not in their best interests.

Question? What will happen to the people who sold carbon credits?
We never did quite understand the whole thing and never participated...
 

hypocritexposer

Well-known member
Faster horses said:
What will happen to the people who sold carbon credits?
We never did quite understand the whole thing and never participated...

Here's a little background on the whole scheme.

I would expect that those that bought carbon credits are out their money. They bet on legislation being passed that would require carbon credit trading.

They bought snakeoil.


CCX also known as The Chicago climate exchange recieved start up money from The Joyce foundation in 2000 and 2001.

The Joyce foundation is a socialist front group where left-wing donors can anonymously donate money for leftist causes without being linked to the money.

The Tides foundation is funded by the Joyce foundation which is a George Soros run socialist / pro-communist front group.

An influencial board member of the Joyce foundation made certain that his close friend Edward Sandor, the founder of the Chicago climate exchange recieved the start up funding for CCX through the Joyce foundation.
Sandor was quoted during an interview that selling carbon credits would become a "10 TRILLION dollar per year money maker".

Keep in mind that the CCX's business is SELLING AIR to companies aptly renamed "carbon credits".

10 trillion dollars per year profit? The investors would be flocking right?

Well, a London based company called Generation Investments Management...jumped right in and became the 5th largest shareholder of the CCX immediately!

Gen (GIM) investments management is co-owned by...AL GORE!

Which would explain a lot as to why he's been pushing Global warming propaganda like crazy! He'll be making truckloads of money if "climate change " laws are enacted!

Other co-owners include David Blood...(Blood and Gore?) and a few others who were ALL former bigwigs at...Goldmann - Sachs!

In 2006, Goldmann - Sachs purchased a 10% share of the CCX...most likely due at Al Gore's partners behest.

So, whats missing? A LAW! A law to force American companies to purchase the carbon credits (air) and a way to measure how much air they've used!

The entire endeavor is WORTHLESS without that law and unmeterable without a way to monitor companies.

A man named Carlton Bartels invented a device that could measure the "carbon credits" in 2000 but was killed on 9-11 shortly after getting a patent pending for it.

His widdow offered the machine patent up for sale and it was bought up by Franklin Raines...the guy who ran Fannie Mae into the ground causing the "housing bubble", while cooking the books to make them appear profittable while collecting multi-million dollar bonuses...and then went on to later work for OBAMA.

On November 7, 2006, The patent for the device was ok'd by the govt pat office...the very day AFTER the democrats gained control of the house and senate!

...probably just a coincidence though right?

I'm forgetting something...oh yeah, the board member of the Joyce foundation who funnelled the money to the CCX for it's startup costs was none other than BARRACK OBAMA himself!

So add it all up, Obama (who scoffed at the idea he was a socialist during his campaign) was a board member of a socialist front group that funnelled money into the chicago climate exchange that was bought up by Al Gore and his goldman sachs employees/ partners in Gen investments, Goldmann-Sachs brokerage and, Franklin Raines...who was one of Obama's campaign advisors!

So is anyone surprised that Obama is pushing the government towards a Cap and trade law? He stands to walk away a billionaire should it become law.

Al Gore? He'll be a billionaire too. Any question as to why he's pushing this harder than anyone? He has unlimited funding at his disposal to create global warming propaganda...after all, he's going to get all that money back as soon as the democrat controlled congress passes the law he needs to make it all happen!

Goldmann - Sachs...I'm wondering if they're under investigation suddenly as an avenue to have their assets seized which would include that 10% ownership in the CCX?

Franklin Raines? A buddy of Obama and Gore who magically "found" a widdow selling the patent pending rights of a device needed for measuring carbon credits...and had the patent granted the day AFTER the democrats swept congress?

Following the money trail...it works everytime!

My guess is that if the money trail is followed even further, the "Climategate" scientists who were cooking global warming data in favor of Al Gore and the CCX, I'm betting that the "research" grants probably came from the Joyce foundation too or, Tides or, some other frontgroup.

Feel free to research ANY of this for mistakes! The information is out there if you care to read it.

I posted this for the benefit of my liberal friends who have eaten every bit of propaganda on the issue up. They're convinced that every word Al Gore has told them is true.

Never mind that the people who are pushing this idea are the people who will gain the most from pushing it.

Al Gore is a modern day Jim Bakker who has suckered his liberal flock into believing in something that can't be seen, can't be touched, can't be communicated with, and has plenty of "scientific miracles" to back his claim.

And just like Bakker's flock, they're all willing to simply believe...and send cash of course!

http://uncommonsqualor.blogspot.com/
 

burnt

Well-known member
Well at least it wasn't all wasted - someone made a few shekels from the scam -

http://www.suite101.com/content/carbon-trade-ends-on-quiet-death-of-chicago-climate-exchange-a305704#ixzz14iNUVGwK
 

Lonecowboy

Well-known member
I would almost nominate this as best news of the year-
but then there is also acorn going belly up ( not sure though, they might just bail out of the name, regroup under another, and be regurgitated)

but then there is also the historic election just past-

I can't make up my mind, this last week I've had so many tingles go up my legs! :D

what's everyone else's "best news"??
 
A

Anonymous

Guest
who is paying for the chemtrailing they do daily? this is all part of the global warming scam....it is being done by the puppet masters....
 

Tam

Well-known member
hopalong said:
ummmm hummmm grab you tinfoil hat shame ooo

Wouldn't you have loved to see Shamwows response to the sighting off the coast of California last week. Want to bet he was headed for his bomb shelter rapped in tinfoil. :wink:
 
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