CCX No Longer Trading CO2

Discussion in 'Environment' started by westwall, Oct 27, 2010.

  1. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    But that's not entirely true. CO2 is now trading for 0.0 cents per ton so CCX is only going to sell the offsets. Interesting reading on the trade, when it was founded some experts believed that CCX alone would rake in over 500 billion per year.....not bad considering they manufacture nothing and the money comes from your pockets!

    The guy who founded it, Richard Sandor invested a little over a million bucks in grants from the Joyce Foundation (in other words he didn't even use his own money) and parlayed that into a 98.5 million dollar payoff when CCX was sold.

    RIP: Carbon trading Green Hell Blog
     
  2. Si modo
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    Si modo Diamond Member

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    Too bad for the snake oil salesmen that they didn't know that all they needed to do was to have the government create a market for their oil. We'd all be using snake oil today.
     
  3. Old Rocks
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    Old Rocks Diamond Member

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    Oh, we have the snake oil salesmen very successfully selling the snake oil, and the venomous snake along with it. They are called Conservatives, and their snake oil is the denial of science in all spheres that disagree with their warped ideology.
     
  4. Si modo
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    Si modo Diamond Member

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    Demanding scientific integrity and the logic of scientific discovery is championing science, except to political hacks who politicize science and soil it.
     
  5. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Geez. It's amazing how powerful we've gotten isn't it? The media ignores pretty much anything we say, the politicians try to ignore pretty much anything we say, and yet, your perverts of science are still losing. Maybe it's not just us, what do you think?
     

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