Carbon Emission Trading might sound obscure. After the greenies have told you about it you might think it is down right worthy. But the word to focus on is trading. The rest is flim flam. Private Eye is very good on what happens in the City and they have got Richard Sandor bang to rights. They skate over the fact that a lot of Jews like Sandor have their fingers in another very profitable pie. Stormfront does not. It names the names and gives the sources. That is as good as it gets. Who is Behind the Climate Change Hoax? fingers perpetrators but with a somewhat different cast. Michael Mann, one of the perpetrators is mentioned as an Ashkenazi Jew.
Richard Sandor - Heroes of the Environment
I first met Richard Sandor around 10 years ago when discussions about creating a global carbon market began. He's been enormously important to the development of the emissions-trading industry since its beginnings. As chief economist for the Chicago Board of Trade in the 1970s, he had helped develop the financial futures market, and in the late 1980s and early 1990s he all but invented cap-and-trade programs for sulfur dioxide (SO2) emissions, the pollutant that causes acid rain. The methodology was simple: the government puts a cap on SO2 and then the market takes over, with companies that can economically reduce SO2 on their own allowed to sell emissions rights to those that can't. Doing the same thing with greenhouse emissions was the logical next step, and from the 1992 Earth Summit on, Sandor was at the forefront of those efforts, launching the Chicago and the European Climate Exchanges, where companies could meet to trade carbon.
Sandor is an innovator and a great booster of new markets, and he had the vision to create something out of nothing. He doesn't just work at the level of theory, but encourages others to get involved. And he's always been phenomenal at making money. He realized that if we built enthusiasm in a market for actually valuing the reduction of carbon emissions — and the global carbon market is already worth more than $30 billion — we'd have a chance of solving this problem, and solving it profitably. If we achieve that goal, Sandor will be remembered for decades to come as a genuine pioneer — a man who harnessed the power of financial incentives as a force for change.
James Cameron is vice chairman of Climate Change Capital and chairman of the Carbon Disclosure Project
When you have major magazines giving you free publicity you must be on to something. Using the same synagogue as the proprietor helps with this one.
Richard L. Sandor, Ph.D., Dr. Sc.h.c.
Richard L. Sandor is Chairman and founder of the Chicago Climate Exchange (CCX), the world’s first and North America’s only voluntary, legally binding greenhouse gas cap-and-trade system. Sandor is also Chairman of the Chicago Climate Futures Exchange (CCFE), the world’s leading futures exchange for environmental products, and is Executive Chairman of Climate Exchange plc (CLE.L), an AIM-listed company which owns CCX and CCFE as well as the European Climate Exchange, Europe’s leading exchange operating in the European Union Emissions Trading Scheme. Additional global affiliates include the Tianjin Climate Exchange in China, the Montreal Climate Exchange in Canada and Envex in Australia.
Sandor is a research professor at the Kellogg Graduate School of Management at Northwestern University where he teaches a course on environmental finance. He is a Member of the International Advisory Council of Guanghua School of Management at Peking University and a member of the TERI School of Management Advisory Committee in India. Sandor previously taught at the University of California Berkeley, Stanford University, and Columbia University Graduate School of Business.
While on sabbatical from Berkeley in the early 1970s he served as vice president and chief economist of the Chicago Board of Trade (CBOT). It was at that time that he earned the reputation as the principal architect of the interest-rate futures market. Sandor was honored by the City of Chicago in 1992 for his contribution to the creation of financial futures and his recognition as the "father of financial futures.”
Sandor has served on numerous committees and boards. He assisted the New York Mercantile Exchange on the design of the options contract for crude oil. In 1992 Sandor was an expert advisor to the United Nations Conference on Trade and Development on tradable entitlements for the reduction of greenhouse gas emissions.
From 1991 to 1994, Sandor was Chairman of the CBOT Clean Air Committee. That committee developed the first spot and futures markets for sulfur dioxide emission allowances and supervised the annual allowance auctions conducted on behalf of the U.S. Environmental Protection Agency. He also served as Vice Chairman of the CBOT Insurance Committee and was the originator and co-author of the catastrophe and crop insurance futures and options contracts.
Prior to the creation of the Chicago Climate Exchange, Sandor was a senior financial markets executive with Kidder Peabody, Banque Indosuez and Drexel Burham Lambert.
Sandor is currently a director of American Electric Power. He is a member of the design committee of the Dow Jones Sustainability Index.
Sandor received his Bachelor of Arts degree from the City University of New York, Brooklyn College, and earned his Ph.D. in Economics from the University of Minnesota in 1967.
Sandor is involved in numerous civic and charitable activities. He is a member of the Board of Governors of The School of the Art Institute of Chicago and is a Major Benefactor of the Art Institute of Chicago. He is also currently a member of the Board of Trustees of the International Center of Photography, New York.
Recent Awards and Recognitions:
November 2009 – Sandor named 2009 Environmental Leader by the Chicago Academy of Sciences and the Peggy Notebaert Nature Museum.
November 2009 – Sandor inducted into the Ernst & Young Entrepreneur of the Year Hall of Fame.
October 2008 – Sandor recipient of the Financial Management Association's Outstanding Financial Executive Award.
October 2007 – Sandor honored as one of Time Magazine’s Heroes of the Environment for his work as the “Father of Carbon of Trading.”
May 2005 – Sandor named one of the 100 Most Influential People in Finance by Treasury and Risk Management magazine.
November 2004 – Sandor recipient of an honorary degree of Doctor of Science, honoris causa, by the Swiss Federal Institute of Technology (ETH) of Zurich, Switzerland for his pioneer work in the design and implementation of innovative and flexible market-based mechanisms to address environmental concerns.
August 2002 – Sandor chosen by Time magazine as one of its Heroes for the Planet for his work as the founder of the Chicago Climate Exchange.
February 2001 – Sandor honored by Global Association of Risk Professionals (GARP) Life Time Achievement Award.
Sandor has a lot of mouth. He also puts himself about big time. This potted biography skates over the cock ups.
Richard Sandor: “Junk bonds to carbon cop-out” | REDD-Monitor
In the 1970s, Richard Sandor was one of the originators of interest rate derivatives. In the 1980s, he made a fortune at Drexel Burnham Lambert, where he developed “collateral mortgage obligations”. In the 1980s and 1990s he helped develop pollution trading. And as founder of the Chicago Climate Exchange, he’s been described as the “father of carbon trading”.
In 2007, he was named as a hero of the environment by Time magazine. “Sandor is an innovator and a great booster of new markets, and he had the vision to create something out of nothing,” writes James Cameron in Time. Creating something (money) out of nothing (carbon offsets) is a good description of the carbon market. “And he’s always been phenomenal at making money,” Cameron writes. Last year, Sandor earned US$1 million.
Since 2000, Sandor has been a director of American Electric Power, the biggest coal burner in the USA. AEP has teamed up with The Nature Conservancy for two controversial REDD-type projects: the Noel Kempff project in Bolivia and the Guaraqueçaba project in Brazil. And where does AEP plan to sell its carbon credits from the Noel Kempff project? The Chicago Climate Exchange. Cozy.
In February 2009, in a discussion on Al Jazeera, Sandor explained that “The mess in the financial markets is related to opaqueness, which doesn’t exist on exchanges.” But an article in the current issue of Private Eye reveals that Sandor’s operations in the climate business seem to be pretty murky.
Of course, this isn’t only about Sandor. As Larry Lohmann, of the UK-based organization The Corner House, points out, “There are close parallels between the rampant financial innovations behind the current financial crisis and the innovations feeding carbon trading.” A Corner House Briefing, from September 2009, “When Markets are Poison: Learning about Climate Policy from the Financial Crisis” is available here (pdf file, 568 KB).
Here’s the Al Jazeera debate, where Patrick Bond, Director of the Centre for Civil Society, University of KwaZulu-Natal, corrects some of Sandor’s myths, followed by the article in Private Eye. “I think in fact that many of these emissions markets are full of chancers”, Bond notes on Al Jazeera.
This uses Private Eye 1258/29 as source. The Eye is very good at using public records to make connections.
Who is Behind the Climate Change and Carbon Trading Scams?
Who is Behind the Climate Change and Carbon Trading Scams?
Todd D. Stern (Jew)
Notice the sneer - a chancer getting away with it.
Richard L. Sandor (Jew possibly, even probably. He certainly mixed with them )
Nicholas H. Stern (Jew)
A surly looking rogue.
Ignacy Sachs (Jew)
A scruffy rogue without a tie.
Stephen H. Schneider (Jew)
http://en.wikipedia.org/wiki/Stephen_Schneider - see AIPAC - Learn About AIPAC and Changing Europe
Another scruffy one.
Michael E. Mann(Jew) - unconfirmed
http://en.wikipedia.org/wiki/Michael_E._Mann - under investigation -ClimateGate's Michael Mann To Be Investigated By Penn State
More on Mann at Mann. An arrogant con man by the look of him. Mann invented Mike’s Nature trick to defraud us and defraud other alleged scientists. Mann's Emails Are Wanted As Evidence that show that he is a shit on the make. But then the man is almost certainly a Jew. QED.
Joseph J. Romm (Jew)
Would you buy a used car from him?
Benjamin D. Santer (Jew) - see SCIENTIST AT WORK - Benjamin D. Santer - At Hot Center of Debate ...
At least he is a bit smarter, not that I would not be seen in clothes like that.
broken links, cock ups, over-emphasis, malice [ real or
imaginary ] or whatever; if you find any I am open to comment.
Email me at Mike Emery. All financial contributions are cheerfully accepted. If you want to keep it private, use my PGP key. Home
Updated on Saturday, 31 January 2015 08:54:10