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Light on this ccx and we started talking about it and ccx started phasing out of carbon exchange to be offset with registry program. $10 trillion program just gone, no hard feelings, right? backup plan. watch the other hand. what is this hand doing? wait for it. wait for it. say it with me. george soros. a u.n. panel including billionaire george soros and larry summers, director of the national economic panel selling carbon emission permits would generate $38 billion and financial transaction tax an additional $27 billion. that is just one part of the possible backup plan. oh, oh. there is so much going on. we ve been following it. what happened at the u.n. in geneva this weekend? which one of soros and barack obama s buddies were there? ....
the government capped how much co 2 companies can produce and allows them to trade credit. if one firm has high coast and another firm has low cost the low cost firm can credit can create credits and sell them to the other company. you leave it to marketplace to determine what measures should be rused to reduce pollution. it is a misnomer to say it is market based. at best market socialism. because you are rationing energy use. sean: where did this idea come from? like many things related to the current administration traced back to obama s hometown and a company called the chicago climate exchange for the ccx. the company declined an interview request. in an e-mail a spokesperson explains that the purpose is to help prepare businesses and market for potential regulations at the international or federal level while reducing greenhouse gas ....
Emissions through a rules-based exchange platform. the founder of ccx is richard sandor. was one of the leaders saying why don t we start a climate exchange for greenhouse gases. he got foundation grants from liberal foundations like the joyce foundation at the time one of whose board members was a guy named barack obama. sean: the company originated with two grants from the foundation whose president soon left to become the executive vice president of ccx. valerie jar valerie jarrett was the former director. usually you don t need foundation funding there is usually plenty of private money because there is usually lots of profit in trading commodities. carbon is different because we are going to make that market artificially. sean: in 2006 ccx was ....
the government caps how much co2 companies produce and allows them to trade credits. if one firm has high costss and another firm has low costs to reduce pollution, the idea is the low cost firm can create credit and sell them to the other company. the idea of cap and trade you leave it to the marketplace to c determine what measures should be used to reduce pollution.es it s really a misnomer to say po that cap and trade is a sa market-based business. at best you might call it market socialism because you are essentially it s called the chicago e climate exchange or the ccx. the company declined an interview request but a a spokesperson explained that their purpose is to, quote, help prepare businesses and markets for potential regulations at the international or federal levels ....
Emissions through a rules-based exchange platform. the founder of ccx is richard sandor. was one of the leaders saying why don t we start a climate exchange for greenhouse gases. he got foundation grants from liberal foundations like the joyce foundation at the time one of whose board members was a guy named barack obama. sean: the company originated with two grants from the foundation whose president soon left to become the executive vice president of ccx. valerie jar valerie jarrett was the former director. usually you don t need foundation funding there is usually plenty of private money because there is usually lots of profit in trading commodities. carbon is different because we are going to make that market artificially. sean: in 2006 ccx was acquired by plc then acquired ....