Nov 8, 2010

Al Gore's Chicago Climate Exchange has failed

Global warming-inspired cap and trade has been one of the most hotly debated public policy controversies of the past 15 years. But it is dying a quiet death.

In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading – the only purpose for which it was founded.

Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the carbon trading that liberals are intent on making mandatory.

Too bad - now Al Gore (pictured) will need to wait a few years to become the first carbon billionaire at the expense of consumers who will pay more for goods and services after Democrats get cap and trade passed into law.