View Full Version : WSJ: Cap and Trade Could Be a Boon to New York

10-26-2009, 03:23 PM
If Congress establishes proper oversight of a carbon market, New York's financial talent, expertise and institutions are uniquely suited to provide the tools and innovation for a new commodities market of this size. Firms wishing to invest over the long term will need to turn to our financial sector to create the emerging products and provide the capital that would allow them to make green energy investments.

An infrastructure is already beginning to form, as entities like the New York Stock Exchange, J.P. Morgan Chase, Goldman Sachs, and the new Green Exchange are developing carbon trading platforms or expanding their environmental trading desks. There are nearly 100 funds already focused on green investments.

Full article....... (http://online.wsj.com/article/SB20001424052748704500604574481812686144826.html)

10-26-2009, 03:26 PM
JP and Goldman involved? Wow, I'm soooo surprised. :rolleyes:

10-26-2009, 03:33 PM
Barbara Boxer will be sure to help out her home State of New York. She is busy writing those Cap and Trade laws right now...

10-26-2009, 04:10 PM
<puts hammer down from building trading floor for carbon credits>

what's that you say?


10-26-2009, 04:35 PM
I wonder if they try to make buying carbon credits mandatory like they are doing with Obamacare. Than with the law were you have to by carbon credits, they can easy than make it were you have to get buy so many carbon credits in order to have a kid, no carbon credits the kid gets taking away. With Obamacare CPS would be able to go to your home, with no complaints filed against you, and just take your kids if they wanted to.

10-26-2009, 04:36 PM
Businesses will be forced to buy carbon credits.

10-26-2009, 04:56 PM
At what point will every human be force to purchase carbon credits?

10-26-2009, 08:42 PM
At what point will every human be force to purchase carbon credits?

At the point when you purchase something that has been manufactured...

10-26-2009, 08:43 PM
I hope the fact that "carbon credits" is just a new form of fiat currency is not lost on everyone...