Posted by
Defend America on Saturday, May 22, 2010 7:46:16 AM
On last week's show, Glenn Beck explains what Crime Inc is:
Crime Inc.: What the 'Greening of America' Really Means
Friday, May 14, 2010
By Glenn Beck Team
NEW YORK — It's a safe bet that most Americans' first
exposure to the concept of carbon trading or cap-and-trade legislation
came during the most recent presidential campaign when both candidates
advocated the need to make protecting the environment a government
mandate instead of the moral obligation it's always been. In the past
few months President Barack Obama has repeatedly stated that a
comprehensive energy/environmental law, including cap-and-trade, is an
absolute priority of his administration.
Cap-and-Trade
Simply
put, the idea behind the cap-and-trade plan is this: The federal
government would set limits or cap the amount of pollutant a business
could create. If the business chose to emit levels exceeding the cap
they would have to find a business not using its full allotment and
purchase the surplus from them. Needless-to-say, for the concept to
work there would need to be a highly centralized infrastructure to
facilitate the transactions, matching buyers to sellers.
The CCX: A Dream Come True?
For
people like Richard Sandor and former Vice-President Al Gore the focus
on "green politics" represented the culmination of years of planning
and a giant step towards a massive payday.
With
a big helping hand from then Illinois State Senator Barack Obama,
Sandor's brainchild, The Chicago Climate Exchange, opened for business
in 2003 billing itself as "North America's only cap-and-trade system
for greenhouse gases..." In other words, the facilitator for a scheme
not quite hatched. Sandor, a long-time economist turned
environmentalist shared his vision during a 1990 interview with the
Wall Street Journal, saying, "Air and water are no longer the free
goods that economics once assumed. They must be redefined as property
rights so that they can be efficiently allocated." The statement didn't
get a lot of attention back then but today seems prophetic. Sandor
claims his idea of efficient allocation, also known as carbon trading,
will develop into a $10 trillion industry.
Assembling the Team
During
2000 and 2001, the Joyce Foundation, a progressive trust with assets
near $1 billion, known for funding groups like Center for American
Progress and Tides Foundation, provided grants to CCX totaling $1.1
million. State Senator Obama served on the foundation's board of
directors during that time and was instrumental in awarding the grants.
Shortly after the first grant was approved, the president of
The Joyce Foundation, Paula DiPerna, left to join the executive team of
CCX. Other notables with familiar names soon followed.
•
Former Vice-President Al Gore became part-owner of CCX when his
company, Generation Investment Management, made a sizeable investment.
Gore brought with him his senior partner at GIM, David Blood, former
CEO of Goldman Sachs Asset Management, along with a company chalk full
of former Goldman Sachs' executives
• Goldman Sachs itself soon joined the team buying a ten percent interest in CCX
•
Maurice Strong, once linked to Tongsun Park, the central figure in the
United Nation's oil-for-food scandal in 2005 and one of the architects
of the Kyoto Protocol, joined the CCX board of directors
•
Carlton Bartels was one of the first, and perhaps most important,
additions to the CCX roster. As CEO of a company called CO2e, Bartels
developed and delivered the actual guts of the exchange — a system for
facilitating and managing the actual carbon trades
http://www.foxnews.com/story/0,2933,592243,00.html