Republican mid-term election joy deals financial uncertainty among green investors as the Chicago Climate Exchange announces the end of U.S. carbon trading.This story was completely buried in the press. Given how this all ties in to the cap-and-tax bill you'd think this might have made news.
The Chicago Climate Exchange (CCX) announced on October 21, 2010 that it will cease carbon trading this year.
The article goes on to speculate that the carbon market in Europe will also soon collapse. No surprise - it's all made out of hot air.
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1 comment:
Someone needs to tell the Australians before they make fools of themselves: http://www.second-opinions.co.uk/buy-carbon-credits-for-health.html
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