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Nasdaq-ICE-NYSE business combination, much more politically-connected and powerful organization

Chicago Climate Exchange gets new life?



The hostile bid by Nasdaq OMX and the Intercontinental Exchange (ICE) to buy NYSE Euronext could possibly breathe new life into the now-defunct Chicago Climate Exchange (CCX).

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ICE bought the CCX last spring and then, with the demise of cap-and-trade, ended the CCX’s carbon trading business in the fall. But if the Nasdaq and ICE bid succeeds, thereby producing a Nasdaq-ICE-NYSE business combination, the CCX then becomes owned by a much more politically-connected and powerful organization. We’re not saying that this deal resuscitates the CCX or brings back cap-and-trade, but it could allow the carbon trading pathogen to incubate in a much healthier host.


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Steve Milloy -- Bio and Archives

Steve Milloy publishes JunkScience.com and GreenHellBlog.com and is the author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them

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