The Chicago Climate Exchange: The Corrupt Roots of “Cap & Trade”
When it was launched in 2003, the Chicago Climate Exchange (CCX) became the world’s first carbon-emissions trading company, equipped to regulate all transactions made under cap-and-trade energy plans such as the one currently favored by President Barack Obama. To obtain the money he would need in order to get CCX of the ground, the company’s founder, Richard Sandor, turned to the Chicago-based Joyce [...]
