Chicago Climate Exchange or CCX, is North America’s sole voluntary, legally binding greenhouse gas trading and carbon “offset” projects in North America and Brazil. Rueters reported on Aug 11th that Intercontinental Exchange Inc, the operating body who purchased the struggling CCX in May this year, will be scaling back major operations this month, a move that includes massive layoffs. This is likely due to the complete market free-fall of their only product… carbon emissions.
Oh by the way, the two major shareholders and founders of The Chicago Climate Exchange are da da:
Read more: The Great Collapse of the Chicago Climate Exchange