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Exactly what product or service is represented with this stock?
And if the goal is to reduce pollution, will the stock value decline as pollution is reduced?
Would this company qualify for a bail out if pollution was eliminated?
Why is this question in this category? - Vested interest by our politicians
1 Answer
- 1 decade agoFavorite Answer
It would seem a worthless service, stock price plummeted.
The institution that is today the Chicago Climate Exchange (CCX) began with a grant in 2000 from the Joyce Foundation, a leading philanthropy based in Chicago known for its innovative approach to public policy issues. The support was provided as part of a series of special Millennium grants made by the Foundation to catalyze and support concepts or institutions of lasting significance.
An initial grant of $347,000 was made to the Kellogg Graduate School of Management at Northwestern University to provide technical support to Dr. Richard L. Sandor and colleagues to examine whether a cap-and-trade market was feasible in the United States to facilitate significant greenhouse gas reductions.
A second grant of $760,000 was provided in 2001 to proceed with a design phase, which ran through 2002 and involved more than one hundred professionals in the corporate, public, non-governmental and academic sectors. Dr. Sandor, with his colleague Dr. Michael Walsh and others, developed a core set of protocols and design elements that would underpin and shape a pilot reduction and trading design.