Topic: Carbon Exchange

Investors Business Daily is cited for an article titled "The 10 Trillion Dollar Climate Fraud," which details the origins of the Chicago Climate Exchange. The hosts highlight that Barack Obama served on the board of the Joyce Foundation, which provided the initial grant money for the exchange. They also report on the CME Group's $604 million acquisition of the Climate Exchange, suggesting the move is intended to hide the scheme within a larger corporate structure.

Al Gore returns with a new TED Talk, using a "one slide" presentation to describe the troposphere as an "open sewer" for greenhouse gas pollution. The hosts revisit Gore's history with the carbon exchange and his failed past predictions. They mock his alarmist tone and his description of the atmosphere, noting his continued influence in the climate movement despite scientific inaccuracies.

The hosts dub Klaus Schwab "Climate Klaus," arguing that his agenda involves crushing small businesses to facilitate a transition to a corporate-controlled green economy. They predict the eventual implementation of a carbon exchange and taxes on individual CO2 emissions.

The segment posits that climate scientists are beginning to "walk back" extreme predictions as the 2030 deadline for "catastrophe" approaches. The hosts trace the history of the movement from 1970s global cooling to Al Gore's carbon exchange initiatives. They argue that the current rhetoric is being "abused" by political groups like the Justice Democrats to implement radical economic shifts.

Leonardo DiCaprio is revealed to be a supporter of the Carbon Trade Exchange (CTX), a global platform for trading carbon credits, renewable energy certificates, and water rights. The hosts examine the board of directors and the exchange's role in commercializing environmental commodities. They frame the "Green World Rising" documentary series as a promotional tool for these new financial markets.

Following the death of Maurice Strong, a key figure in the global environmental movement, President Obama describes climate change as a "market failure." He argues that the market has failed to price the "externalities" of carbon emissions. The hosts dispute this, questioning when the "science" became definitive enough to justify such a massive economic shift.

Adam Curry deconstructs a speech given by John Kerry in Jakarta, Indonesia, where the Secretary of State attempted to explain the "veracity" of climate science using analogies about gravity and boiling water. Kerry cites Maurice Strong, the co-founder of the Chicago Climate Exchange. The hosts mock Kerry's delivery and his comparison of climate change to a weapon of mass destruction.

The hosts examine current carbon pricing data from Bloomberg as European exchanges prepare to reopen following a suspension. They attempt to calculate the value of a human's carbon footprint based on a price of 14.58 euros per metric ton. A debate ensues regarding whether human methane emissions should be deducted from the potential carbon credits earned during sleep.

A documentary highlights a project in rural India where methane from cow dung is captured and converted into carbon credits traded on the Chicago Climate Exchange. The hosts characterize the carbon market as an elaborate scam where American consumers pay extra to offset emissions through questionable international projects. They mock the "social angle" used to market these credits to Western buyers.

The Wall Street Reform Act is criticized for containing language that exempts the SEC from public disclosure requirements under the Freedom of Information Act (FOIA). Furthermore, the hosts point out sections of the bill that mention the oversight of carbon markets and derivatives. They note that the Chicago Carbon Exchange is now listed as a commodity on the Bloomberg iPhone app, signaling the institutionalization of carbon trading.

Investors Business Daily published an article titled "The 10 Trillion Dollar Climate Fraud," detailing the financial structures behind carbon trading. The Chicago Climate Exchange, founded with help from the Joyce Foundation while Barack Obama was a board member, was recently acquired by CME Group for $604 million. The move is characterized as an attempt to hide the scheme from public scrutiny.

Al Gore is linked to the financial infrastructure of carbon credit trading through his firm, Generation Investment Management. The Chicago Climate Exchange and the European Climate Exchange are identified as the primary entities licensed to trade these credits. The hosts detail the involvement of former Goldman Sachs executives in managing these climate-focused investment partnerships.

A critical section of the climate bill, found on page 210, establishes carbon derivative markets and amends the Commodity Exchange Act. The legislation allows for the trading of emission allowances and offset credits, overseen by the Federal Reserve. The hosts argue this repeals existing regulations and creates a new market for "phony baloney" trading similar to the credit default swaps that caused the financial crisis.