-By Warner Todd Huston
Al Gore's much ballyhooed Chicago Climate Exchange (CCX) has recently announced that it will no longer be engaging in carbon trading, an activity that was the sole purpose that it was created. This is an utter failure of purpose in global warming hysteria yet the Old Media is almost completely silent on this colossal failure.
Why has the media remained utterly quite on this abject failure after unleashing on the public an avalanche of stories that touted the creation of the CCX back in 2000 -- and since for that matter? Roger L. Simon and David Thomson wonder just that.
The CCX was the brainchild of Northwestern University business professor Richard Sandor, who used $1.1 million in grants from the Chicago-based left-wing Joyce Foundation to launch the CCX. For his efforts, Time named Sandor as one of its Heroes of the Planet in 2002 and one of its Heroes of the Environment in 2007.
But as of the October 21 announcement that carbon trading would end, the Old Media is nowhere to be seen on the story.
Outside of a report in Crain's Chicago Business and a soft-pedaled article in a small trade publication, the media has entirely ignored the demise of the only U.S. effort at carbon trading. Even Glenn Beck, who has dedicated quite a bit of Fox News airtime to exposing the CCX, has yet to mention the news.
The main reason that the CCX has failed, of course, is because the world has cooled for global warming. With the recent election results in the U.S. cap and trade is as much as a dead issue and even other nations are shying away from Kyoto-styled global warming laws that tend to crush economies while offering little by way of global warming fixes.
Worse, with the emergence of the lies and obfuscation by global warming religionists as evinced in the email chain from the Climate Research Unit at the University of East Anglia, the credibility of global warming pseudo science has taken a major hit. It all looks like globaloney at this point.
On top of all that is the worldwide depression that has hit us all. The depression has also helped destroy the starry eyed nonsense that is carbon trading. Rich societies with nothing else to do with their money might have the resources for such silliness, but countries in the grip of depression have more important (and true) things to worry about.
Still, the question of why the media has ignored this story is quite pertinent. One would think that if such an effort from the right had failed so miserably to succeed the Old Media would be pushing this news by leading every news cast, every TV report, and filling up the front page of every news paper with the tale. Yet this magnificent failure of the leftest of left-wing causes leaves the Old Media utterly silent.
It's quite telling, isn't it?
(Originally posted on Monday morning at BigJournalism.com)