Chicago Climate Exchange gets new life?
Nasdaq-ICE-NYSE business combination, much more politically-connected and powerful organization
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).
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