Excellent news just picked up courtesy of an email from my brother Nigel: it seems that Saint Gore’s carbon trading scam has gone tits up. Interestingly, although not entirely surprisingly, it went out with barely a whimper. Indeed, Steve Milloy has blogged about it here. For the uninitiated, the MSM he refers to is the mainstream media. It’s a great article to read in its entirety but, for the time-constrained among you, here are a few key bits:

In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year.

… a funny thing happened on the way to the CCX’s highly anticipated looting of taxpayers and consumers — cap-and-trade imploded following its high water mark of the House passage of the Waxman-Markey bill. With ongoing economic recession, Climategate, and the tea party movement, what once seemed like a certainty became anything but.

Despite ending carbon trading, the CCX isn’t vanishing altogether. It intends to transition into the murky world of dealing in carbon offsets. Once again, however, with the tide leaving on carbon regulation and increased concerns about fraudulent carbon offsets, the future of that market is quite uncertain.

Good riddance. For my money, that we have the thieves and bean-counters who precipitated the global financial crisis to thank for this and the general decline in climate hysteria gives new relevance to an old adage: set a crook to catch a crook.

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