And guess who the winners are going to be?

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Having survived, thanks to the million-dollar bailout from Obama and
the Joyce Foundation, the Chicago Climate Exchange went on to merge
with Climate Exchange Ltd in 2006. Goldman Sachs took a 10% stake in
the firm at the time and later increased its holdings to at least 19%.
CCX is also 10% owned by Generation Investment Management, a firm
founded and chaired by Al Gore and co-founded by the above-mentioned
former Goldman CEO, Hank Paulson.

According to EnergyRisk.com,

"Goldman Sachs is a major trader of European Union allowances and is
set to be a key player in the US emissions markets that are planned to
start up at the end of the decade."

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Read the whole thing - it's instructive.