Global Environmental Governance: Countries to Battle Over Wealth Transfers Worth Trillions in the Context of 'Sustainable Development' and a 'Global Green Economy'

Godfather of Global Green Thinking Steps Out of Shadows at Rio+20
By George Russell Published, FoxNews.com
Originally published on June 20, 2012

Godfather of global environmentalism resurfaces

Maurice Strong, the godfather of global environmentalism and organizer of the United Nations' 1992 Rio environmental Earth Summit, is making a quiet comeback to the limelight on the eve of that meeting’s successor, the Rio + 20 summit on "sustainable development," which starts June 20 in Brazil [home of the third temple].

Strong, 82, has been taking part in a variety of conference side-events prior to the three-day meeting of some 130 top-level international leaders, part of a growing wave of hoopla and promotion that will climax at the summit leadership sessions. Secretary of State Hillary Clinton is leading the U.S. delegation there.

His appearance at Rio + 20  is also the latest stage in a Long March through controversy that has kept Strong, a native Canadian who is widely deemed to be one of the key instigators of the global environmental movement, living a low-profile life in China for the past half-decade.

Now Strong is back on one of the stages where he feels most comfortable--a global U.N. conference on the environment--though the role he may play in the leaders' sessions is not known. Questions sent by Fox News to the Rio + 20 conference organizers on Monday about his role had not been answered before this article was published.

Nonetheless, on Monday evening, Strong was introduced as a "very special guest of honor" at a "Corporate Sustainability Forum" organized by the U.N. Global Compact, a corporate group that has signed onto a variety of U.N. social and development goals. In a brief address, Strong lauded the assembled executives as "the most important meeting of Rio + 20," and noted the number of corporate representatives attending from "the country where I live, which is called China."

"If we are going to achieve the world we want, and not just the world we are going to get if we stay on the same course, it's got to be led by the business community," he said. "The real actors, the people who are going to make the change are the people in this room."

While Strong's presence is low-key, there is no doubt the U.N. has brought him to Rio in an official capacity, if nothing else as a living relic of the successful 1992 Earth Summit, where Strong served as conference secretary general. Strong has recently described himself as a "senior advisor to the secretary general" of the Rio + 20 conference, a high-level Chinese bureaucrat named Sha Zukang, who is also a top member of the U.N. Secretariat.

Documents examined by Fox News show that the Beijing office of the United Nations Development Program has paid Strong's way, with a $13,000 round-trip air ticket from Beijing to New York to Rio and back. His hotels and living expenses are also being picked up, in what amounts to a three-week Rio + 20 junket.

Along the way, Strong has stirred up controversy, after he stopped off in Canada late last month to slam the incumbent Prime Minister, Stephen Harper, as a man whose "ideology seems to over-ride his understanding" on issues of climate change. Many Canadians were dismayed by the comments.

Conservative Party leader Harper withdrew Canada late last year from the Kyoto Protocol on reducing greenhouse gas emissions, citing its crippling costs. Betwixt and between his many U.N. postings, Strong has been associated with the opposition Liberal Party. 

Controversy, along with radical environmental and economic views, is what Strong has long been known for. He took up residence in Beijing in 2005, after serving as the U.N.'s special envoy to North Korea, when investigators of the Oil for Food scandal uncovered the fact that he had cashed a check for nearly $1 million from Tongsun Park, a South Korean political fixer later convicted of conspiring to bribe U.N. officials on behalf of Iraqi dictator Saddam Hussein.

Strong was never accused of any wrongdoing, and said his move to China at that time was no more than a coincidence.

Since then Strong, an avowed life-long socialist, has been engaged, in low-key fashion, in a number of business deals involving the Chinese government. He also served as a director of the Chicago Climate Exchange, one of the first attempts to create a commercial cap-and-trade market in the U.S. Recently, he has also taken part in preliminary walk-up meetings for Rio + 20 in China, though without official title.

Giving Strong one last star turn on a U.N. environmental stage, despite his past brushes with scandal, is an interesting gambit for the U.N, though it has apparently approached the matter cautiously.

The fact is that Strong is the closest thing to global environmentalism’s patron saint--or, to conservative critics, the foremost grey eminence of the movement to expand "global environmental governance"--which is once more on the international agenda at Rio + 20. His presence adds another dimension of historical luster among fervent environmentalists, something that has been lacking as the gathering bogged down in negotiating acrimony in its preliminary stages.

Rio + 20 conference: Negotiators producing a mammoth, messy and expensive grab bag of regulations and demands

Three of the continuing, controversial themes of Strong's long U.N. career, are uppermost at Rio + 20: 

1. strong support for China as a world power, 
2. a greater role for global regulation of the environment, and 
3. a radical overhaul of the world’s economic system.

All three will be on prominent display in Rio, where Sha Zukang serves as conference secretary general, "global environmental governance" is a conference theme, and developed and developing countries are battling over wealth transfers worth trillions in the context of "sustainable development" and measures to establish a new, "global green economy."

For his part, Strong has been publicly arguing the need for urgent action on the Rio + 20 conference agenda, extolling the need for a  revitalized greenhouse gas suppression agenda and a "revolution" in the world economy in, a June 4 article in Latin America that used his senior advisor title.

"Rio+20 must reinforce international efforts to reach agreement and renewal of the Climate Change Convention and its implementation," he declared.

The Environmental and Economic Crises Share the Same Cause

The article was published by a news service, Tierramerica, which says it is a joint project of the United Nations Environmental Program (UNEP), the United Nations Development Program (UNDP), and the World Bank. Strong has been writing similar pieces for Tierramerica for a number of years.

Using a UNEP-created news agency as the vehicle for an article by a former UNEP executive director to further the cause of greater global sway for UNEP is the kind of inventive but also self-aggrandizing public relations thinking that Strong has long brought to the U.N., and that played no small part in his long ascent to prominence.

Strong has spent nearly half of his life promoting a U.N.-centered vision on environmental issues. In 1972, he served as secretary-general of the U.N.'s Conference on the Human Environment--which, in turn, helped to spawn the United Nations Environmental Program later that year--whereupon Strong became its first executive director.

After filling a number of business roles back in his native Canada, Strong returned to run the Earth Summit, which gave global environmentalism another huge boost. He became a close advisor to U.N. Secretary General Kofi Annan, helping him to generate a still unfulfilled blueprint for U.N. reform.

Maurice Strong at Root of Global Warming Scam

Canadian oil billionaire Maurice Strong, Secretary General at the Rio de Janeiro United Nations 1992 Conference on Environment and Development, expressed the goal of Sustainable Development by declaring a partial list of what is not sustainable:

“...current life-styles and consumption patterns of the affluent middleclass [e.g. Americans]—involving high meat intake [e.g. cattle production], use of fossil fuels [e.g. air and auto travel, industrial and consumer products], appliances [e.g. refrigeration] home and work air-conditioning and suburban housing are not sustainable.”

The Pacific Carbon Trust: Corporate Welfare + Greenwashing = Unhappy Taxpayers

Canada Free Press
September 8th, 2011

If it ain't broke, don't fix it: that's what our parents taught us. But what if something is so broken, it can't be fixed at all?

The Pacific Carbon Trust (PCT) is broken beyond repair. It sucks millions of dollars out of taxpayers' pockets every year and deposits them in the wallets of big business, all in the name of carbon neutrality.

Set up in 2008, and wholly owned by the provincial government, the PCT sells carbon credits to government agencies, businesses, not-for-profits and individuals looking to be carbon neutral. The PCT then takes that money and buys carbon emission offsets from a variety of sources.

For example, a company that puts in a new boiler and saves 5,000 tonnes of carbon emissions can sell that carbon credit to the PCT. Government agencies then buy that carbon credit to cover, or "off-set" their own carbon emissions.

Put simply: it's corporate welfare in the name of carbon neutrality. And it's already cost taxpayers $19.4 million.

Of the 783,816 carbon credits sold by the PCT since 2009, 776,026 came from government and public sector organizations. That's 99 per cent of all the credits sold. A grand total of 11 credits have been bought by individuals.

School districts across B.C. have paid more than $4.4 million for these carbon credits. That's public money taken out of classrooms, and ultimately, taxpayer pockets. The University of British Columbia spent another $1.52 million.

Independent MLA Bob Simpson has done a lot of research on the corporate projects funded through the PCT with our tax dollars. It's not good news.

One example: Encana, an energy company with more than a billion dollars in cash flow, received an undisclosed payment from the PCT in return for "reducing and eliminating flaring, incineration and venting in British Columbia," according to BC Oil and Gas Commission documents (another PCT client, incidentally). No other details have been released, says Simpson.

It wasn't just Encana benefitting from tax dollars. Interfor, Canfor, TimberWest, Kruger Products, Sun Peaks, Neucel Pulp, Intrawest and Lafarge have all received PCT money—your tax dollars. You have to feel bad for Coast Hotels, one of just seven B.C. businesses to buy carbon credits from the PCT. Hopefully their $2,500 didn't go to any of their competitors, like the Pan Pacific Whistler Mountainside, the Whistler Westin, Whistler Marriott and Vancouver Four Seasons, all of which received PCT dollars.
 
Yet, B.C. Environment Minister Terry Lake and Opposition Leader Adrian Dix are both trying to put Humpty Dumpty back together. They want to fix the PCT, using millions of tax dollars on government greenwashing, by limiting the PCT to investing in public sector carbon reduction projects.

Interestingly, neither the BC Liberal Party nor the BC NDP buy carbon credits from the PCT to offset their own political operations. When it's tax dollars, it's okay—but when it's campaign donations, carbon neutrality falls by the wayside.

Even environmentalists like Mark Jaccard, architect of the BC carbon tax and professor of sustainable energy at Simon Fraser University, and Ben Parfitt, resource policy analyst for the Canadian Centre for Policy Alternatives, have written articles criticizing the PCT.

Taxpayers should demand that the Pacific Carbon Trust be immediately scrapped. In an era of deficit budgets and trying to plug the HST funding gap, the BC Government needs to focus on core services and maximize the use of every tax dollar. Government carbon neutrality is a frill we cannot afford—and lining the pockets of corporate greenwashers makes no long-term environmental or fiscal sense.
 

Carbon Trade Exchange Addresses Impact of Carbon Pricing and Markets on Global Climate Change at COP21

bobsguide

December 7, 2015

Sustainable Innovation Forum Opening Plenary features Carbon Trade Exchange Founder Wayne Sharpe

Carbon Trade Exchange (CTX), a global leader in environmental commodity markets, today addressed the impact of carbon pricing and markets during the Sustainable Innovation Forum at COP21 in Paris. CTX Founder Wayne Sharpe spoke alongside representatives from the German Ministry of Environment, Conservation, Building and Nuclear Safety, Vattenfall and the Inter-American Development Bank.

“The intersection of climate change and business has never been more important or influential,” comments Wayne Sharpe, Executive Chairman and Founder of CTX. “We’re pleased to be driving such an important discussion at COP21 and to discuss how businesses can strategically pursue cost-effective and efficient offsetting programs and emissions reductions.”

During the Opening Plenary, CTX examined the impact of the evolving carbon pricing and market matrix on business behaviour and low carbon project development. Specifically, CTX discussed how technology platforms and infrastructure provide a solution for carbon markets to operate efficiently and effectively, in both compliance and voluntary markets.

The panel addressed the following points:

Market-based mechanisms and carbon pricing policies foster innovation and investment in emissions-reducing technologies and finance the development of low-carbon projects around the world.
More businesses are offsetting to drive sustainable cost savings, gain competitive advantage and increase customer loyalty

Financial market infrastructure is needed to create an efficient regulatory environment for trading emission units and other environmental commodities

Carbon pricing and markets have been a central theme throughout COP21. China plans to introduce a national pricing scheme as of 2017. World Bank President Jim Yong Kim commented on this important development during one of his speeches, noting that any country that wants to do business with China will have to have carbon pricing in 2017.

CTX is a platinum sponsor of the Sustainable Innovation Forum at COP 21. The opening plenary took place today, December 7th, 2015, in Paris, France.

 

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With trading in commodities futures tanking because Iran is back in the global oil market (adding 1-2 billions barrels per day for export, which will result in a sustained drop in oil prices), and with the collapse in the trading of mortgage-back securities, Wall Street is focusing on Carbon Financial Instruments (CFIs) via the Chicago Climate Futures Exchange. These greedy coporists haven’t done enough damage with their banking chicanery, they have to create a phony market for “carbon trade”. They never stop. This country is doomed unless they wake up. Goldie Sacks is at it again and has testosterone crazed Al Gore as it’s celebrity front-man. Derivatives are sneaky in any form and need a government with some “cajones” to stop them and eliminate them. Almost all the revenues generated by CCX’s derivatives will be siphoned off by the same money grubbing weasels that are taking the taxpayers to the wall.

Agenda 21 is well and alive and coming after everything we own…..our land, our water on our land…….and along with cap and trade, carbon credit mandatory purchasing will take us to thrird-world status real quick.

There is always climate change, a fact that has been universally recognized from time immemorial. But the mendacious implication that a naturally variable climate is the result of the harmless and beneficial tiny trace gas CO2 has been repeatedly falsified. Carbon dioxide [which the scientifically illiterate refer to as "carbon"] is as essential to life on Earth as H2O; life could not exist without CO2. CO2 causes NO measurable rise in temperature. None. For the touchy-feely boneheads, I repeat: NONE. There is no “climate crisis,” and those promoting that canard are trying to scam the public. They are either as dishonest as any common thief, or they are ignorant. Most likely both. The current climate is entirely normal, and well within its historical parameters. In fact, the current climate is quite benign. Only the ignorant and the scam artists tell you otherwise. [CarbonOffsetDaily]

I believe that on an ongoing basis there are cycilical changes in the climate and have been since the dawn of time. I believe that we should be better stewards of the planet. Responsible companies with reasonable oversight can improve the way we manage that stewardship. That said I don’t believe that the global warming scam, the social justice plans, the redistribution of wealth schemes, government manipulation of the markets and their command & control policies are anything more than a power grab. Socialism is running rampant in this government – but not necessarily in the country as evidenced by the growing backlash. Our liberties and freedoms are threatened by this. We need to wake up before they are gone. We can be a responsible society and still be a free one but time is running out. Government control is continuing to increase and as a result freedom is being usurped. [Dave Johannes]

ICE Adds 21 Emissions Contracts to Replace Futures Exchange: The new contracts will mirror products to be lost when the futures exchange closes, the Wall Street Journal reported. New products include derivatives linked to emissions reductions plans in California, Massachusetts, New Jersey and Connecticut, ICE said….
More information on the new contracts is here (pdf).

THE SECRETS TEN STATES & WALL STREET DON’T WANT YOU TO KNOW
http://newjersey.watchdog.org/2010/08/02/cap-trade-scheme-is-clouded-in-secrecy/

Carbon trading in the US would launch a million Enrons. Is that not obvious?  

Obama was on the board of the Joyce Foundation, which provided the funding to start the Chicago Climate Exchange (carbon trade). A former Goldman Sachs CEO worked his campaign. Goldman Sachs owns a very large investment in the carbon trade industry. 



“We see a global system of emissions trading as inevitable,” said Steve Lennon, chair of the environment and energy commission of the International Chamber of Commerce, which represents hundreds of thousands of companies in 130 countries [Financial Times , June 10, 2005, page 1].

What is the Chicago Climate Exchange? Chicago Climate Exchange (CCX®) is the world's first and North America’s only voluntary, legally-binding greenhouse gas reduction, audit, registration and trading program for emission sources and offset projects in North America, Brazil and globally. [Source]

Rationale For Business Leadership to Build the Carbon Market: “It's because by participating in the Chicago Climate Exchange, which really governs IBM's own business operations and our company's own carbon footprint, we are better able to understand the entire arena of creating an inventory of carbon emissions, accounting for them in an audit-ready manner, presenting them to an exchange so they can be verified and considered to be tradable and how one does and doesn't make money on an exchange” [Wayne Balta Wayne Balta IBM VP, Corporate Environmental Affairs September 26, 2007]

“We are talking about what will be the biggest commodity ever traded. Every time a mandated market has come through, it’s provided us enormous opportunities.” [Richard Sandor, 2009 (then head of the Chicago Climate Exchange) talking about the US carbon emissions market]

Chicago Climate Exchange Founder Dr. Michael Walsh Joins Carbon Trade Exchange

BUSINESS WIRE
September 16, 2015
 
Carbon Trade Exchange (CTX), a global leader in environmental commodity markets, is pleased to announce that Dr. Michael J. Walsh will be joining the firm as Managing Director, Public Policy & Research. Dr. Walsh will also sit on the Board of CTX USA.

Walsh brings unique expertise to help CTX USA achieve its high-level strategic goals in advancing business and government relations, research, and product design. In coordination with the CTX leadership team, Walsh will drive the research and development of CTX products and services and will promote the CTX Market in the private and public sectors.

Walsh is an industry leader in building pioneering market-based mechanisms that advance natural resource conservation and air and water quality. As a co-founder and Executive Vice President of the Chicago Climate Exchange, he directed new product R&D and policy analysis. Walsh was instrumental in the creation of the European Climate Exchange and the Chicago Climate Futures Exchange and served on the Board of Directors of the Montreal Climate Exchange. He has been a featured speaker at conferences, legislatures and academic institutions throughout the world.

Walsh brings a track record of fostering constructive relations with international, federal and state environmental agencies and oversight bodies such as USEPA, CFTC and related Congressional activities, research bodies and industry associations.

As a Senior Economist with the Chicago Board of Trade, he directed the first three annual auctions of sulfur dioxide emission allowances (1993, 1994, 1995), conducted as part of the highly successful U.S. Environmental Protection Agency acid rain reduction program. Walsh also served in the U.S. Department of Treasury’s Office of Tax Policy. He earned a Ph.D. in Economics from Michigan State University.

Dr. Walsh cited his long-standing interest in the environmental markets space, noting,

“I have been fortunate to contribute to the success of markets that helped drive massive cuts in U.S. air pollution at low cost. I am very excited to help grow CTX as a company that offers superb customer service and new products that help support intelligent policy. There is much to be done in this important space.”

NOTES TO EDITORS

About CTX

Carbon Trade Exchange (CTX) is a global exchange focused on environmental commodity markets. Founded in 2009, CTX operates spot exchanges in multiple markets including Emissions, Voluntary Carbon, Renewable Energy and Water. With a vision to bring greater liquidity and transparency to the global markets, CTX links market participants around the world to facilitate the secure trading of products. CTX uniquely interfaces with approved registries and financial intermediaries including Wells Fargo, Westpac, APX, VCS, Climate Action Reserve, American Carbon Registry and The Gold Standard. The company has recently experienced several milestones in its North American growth with the introduction of a centralized exchange platform for RGGI and its partnership with MGEX to facilitate the launch of CTX in the California cap-and-trade program. CTX has offices in Australia and the United States, with the ability to expand into other jurisdictions and markets.

For further information, please visit www.ctxglobal.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150916005473/en/

Contact:

Vested, for CTX
Binna Kim, + 1 646-747-3223
CTX@fullyvested.com

Westpac announces deal to support Carbon Trading Exchange

Westpac Press Release
October 10, 2010

Westpac continues to play an important role in assisting Australia’s transition to a low carbon operating environment, today announcing a deal with the Carbon Trade Exchange (CTX), the first carbon trading exchange for companies or individuals looking to get involved in the voluntary carbon market and reduce their environmental footprint.

Announced at the largest carbon Conference in Australia, CarbonExpo, with the Minister for Climate Change and Energy Efficiency, the Hon Greg Combet AM MP, and Professor Ross Garnaut in attendance, the deal will see Westpac provide CTX with the financial structure to facilitate voluntary carbon trading on the exchange, as well as supplying transactional banking services to the company.

Westpac’s Managing Director, Foreign Exchange & Commodities, Carbon and Energy (FX & CCE), Paul Verschuer, said Westpac was pleased to support the launch of Carbon Trade Exchange in Australia. 

“Westpac is uniquely placed to assist customers with the transition to a low-carbon future, having brought together expertise from across the bank to focus on developing fully integrated carbon finance solutions”, Mr Verschuer said.

“As a leading financial institution that invests in every level of the community, a core function of what we do is the pricing of risk and the financing of economic activity.

“Whether it is providing a personal loan to buy a fuel efficient car, a home loan to install solar panels on the roof, energy efficiency solutions for small businesses or large project finance for renewable energy assets, Westpac is determined to support all Australians and Australian business in transitioning to a low carbon future”, Mr Verschuer added.

Commenting on the deal, the Carbon Trade Exchange CEO and Founder Wayne Sharpe said,

“Carbon Trade Exchange is providing Australians with greater access to the multi-billion dollar global voluntary carbon market and Westpac is working with business to support the next generation of environmental and carbon businesses. Business is taking the lead to combat climate change and ensure profit in a Carbon Constrained economy”.

The Westpac Group has a long history of being a global leader in sustainability and, as part of its own five-year climate change strategy, has committed to an aggressive overall emissions reduction target of 30% by 2013. In May 2010 Westpac announced a corporate partnership with The Climate Institute, focused on promoting Australian business investment in climate action, clean energy and pollution reduction.
 
About the Westpac Group 

The Westpac Group is Australia's second largest bank by market capitalisation and employs 37,000 people in Australia, New Zealand and the near Pacific region. The group’s portfolio of financial services brands and businesses includes Westpac Retail and Business Banking, St.George Bank, BankSA, BT Financial Group Australia, Westpac Institutional Bank and Westpac New Zealand. The Westpac Group is focused on a common purpose – helping our 10 million customers achieve their financial goals. Westpac aims to provide fully integrated solutions for those looking to reduce their own carbon footprint, including financing new carbon-related business opportunities, energy efficiency and renewable energy opportunities and managing the carbon risk exposure of our customers.

About CTX  

Carbon Trade Exchange (CTX) is a Global carbon credit trading exchange that enables carbon buyers and sellers from around the world to trade most major voluntary carbon standards in an extremely efficient, end-to-end electronic process. The CTX is the world’s first web based electronic platform for Voluntary Carbon Credits (VERs) and will soon facilitate trading of international offset credits (Certified Emission Reductions or CERs).

CTX operates from its offices in London, Australia and New York and has a dynamic and highly experienced management team supported by a global board of Directors, led by founder and CEO Wayne Sharpe.

Obama's Giant London-to-Chicago Climate Swindle: A Trillion Dollars Per Fart

LaRouche Pac
May 1, 2010

The climate hoax legislation now pushed by President Obama would provide trillions of dollars in loot for a gang of speculators whose central instrument, the Chicago Climate Exchange (CCX), was initiated by Obama himself.

While he was an Illinois state senator, Obama in 2000-2001 engineered private foundation funding for the start-up of the Exchange scheme, whose British, Wall Street, and Chicago beneficiaries soon boosted him rapidly into the U.S. Senate and the White House.

Under "cap and trade" or some similar U.S. government program, derivatives and other bets would be placed, through the Exchange, on how much carbon dioxide is not emitted by various entities.

The principal figures with Obama in this enterprise are British empire and allied American operatives including:
* Al Gore, the former Vice President now already a hundred-millionaire through this and related swindles;
* Maurice Strong, the British Empire Malthusian-genocide strategist;
* Goldman Sachs, now facing potential criminal charges for global looting;
* Fannie Mae, the Federal mortgage agency otherwise instrumental in bringing on the world credit blowout; and
* Chicago financier-strategists who invented derivatives and similar instruments to cripple and loot the economy.

Obama Creates a British Company

The Chicago-based Joyce Foundation was a Barack Obama ticket to power.

With State Senator Obama as the rising politician on the Joyce board of directors, the foundation gave $347,000 (in 2000) and $760,000 (in 2001) for "the inception, creation, feasibility and design of CCX," according to the history provided on the Climate Exchange's website.

French magazine Reseau Voltaire's Thierry Meyssan reports that Obama himself drew up the protocols or statutes of the Chicago Climate Exchange, acting as attorney and administrator for the Joyce Foundation.
Obama's Joyce board seat was taken over in 2002 by Valerie Jarrett, and she has since managed Obama's relationship to his sponsoring Chicago oligarchs.

The Chicago Climate Exchange was created as a British private company (LLC), to be managed from London.

The Exchange was the brainchild of Richard Sandor, known as "Mr. Derivative" and "principal architect of interest rate futures markets."

The Joyce money went through Sandor, who became chairman of the Exchange. As chief economist for the Chicago Board of Trade in the early 1970s, Richard Sandor and other monetarist fanatics converted the Board of Trade into a central global agency for the London-dominated parasitical financial speculation which was to replace the advanced industrial economy. Leslie Rosenthal, another derivatives strategist and former chairman of the Chicago Board of Trade, is a director of the Chicago Climate Exchange.

Blood and Gore in London

The Chicago Climate Exchange went into operation in 2003.

Former U.S. Vice President Al Gore promoted the sale of CXX stock to British investors.

In 2004, Gore and Goldman Sachs executive David Blood created a bank in London, called Generation Investment Management. The Gore London bank bought 10% of CXX shares.

David Blood brought other key Goldman Sachs speculator-executives over to the Gore bank. Then Goldman Sachs itself bought up to 19% of the Chicago Climate Exchange.

David Blood later worked wealthy Londoners to fund the 2008 Obama Presidential campaign.
Al Gore's mentor, Canadian Maurice Strong, is a director of the Chicago Climate Exchange. In the early 1970s, Strong as a British Royal Family/World Wildlife Fund and Rockefeller family representative organized the 1972 Stockholm environmental summit for the United Nations. The global warming hoax was subsequently promoted through Strong's United Nations apparatus, and by Strong's protege Al Gore. Strong's investment lieutenant Peter Knight became a top executive of Al Gore's London bank, co-owner of the Chicago Climate Exchange.

Obama now relies on the Maurice Strong-created UN apparatus as a global force to promote the multi-trillion dollar cap-and-trade swindle.

And Strong's team within the board of Chicago Climate Exchange includes these CCX directors:
Rajenra Pachauri, the notorious head of the UN Intergovernmental Panel on Climate Change that has been caught red-handed faking data; Elizabeth Dowdeswell, former head of the UN Environmental Program; Michael Jammit Cutajar, former head of the UN Framework Convention for Climate Change; and Thomas Lovejoy, former World Wildlife Fund executive vice presdient and science adviser to the UN Environmental Program.