From the “unsustainable business” department, who wants carbon at 10 cents a ton? Apparently, nobody. Data below as of August 8 2010:
Source: http://www.chicagoclimatex.com/market/data/summary.jsf
From Reuters, news of layoffs. At least their carbon footprint will be lower…
ICE cuts staff at Chicago Climate Exchange-sources
* ICE to cut around half of 50-person CCX workforce
* 1st round of layoffs began July 23, more to come in autumn
* Sources cite U.S. climate inaction as main reason for cuts
* ICE collecting feedback on what to do with climate bourse
LONDON, Aug 11 (Reuters) – Market operator Intercontinental Exchange Inc. (ICE.N) is laying off staff at newly acquired U.S. environmental bourse the Chicago Climate Exchange (CCX), industry sources told Reuters, citing a lack of U.S. action on climate change.
They said the first round of layoffs began on July 23 and, although the total number of jobs to be cut was unknown, one said around 25 employees, or roughly half CCX’s headcount at the time of ICE’s acquisition, had already been or were being let go.
ICE would not confirm or comment on the layoffs.
“ICE just came in one day and started hacking away … We were told the company was restructuring,” said one source, who declined to be named.
…
full story: ICE cuts staff at Chicago Climate Exchange-sources
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Eric wonders-
‘This seems awful bad to me.
“US Government admits satellite temperature readings “degraded.” All data taken offline in shock move. Global warming temperatures may be 10 to 15 degrees too high”
…but this i don’t understand…
REPLY: No, because he’s making some inflated claims that aren’t supportable, which is why I’m not jumping on to it – Anthony’
The answer is Eric never jump all over conspiracy when incompetence will do just fine.
However NOOA’s response here is telling-
“We need to do a better job screening what is placed in the archive or posted. Coastwatch is completely automated so you can see how something like this could slip through.”
Therein may lie the incompetence, laziness, or hubris in the complete infallibility of technology (ie satellites, transponders and automated computer data).
That’s the point I think Anthony should be over more. ie It would appear from that response of those entrusted with gathering and analysing satellite temp data they have been extremely remiss in not doing their job properly, unless they can show evidence of computer code checks/screens to identify and reject such obvious technological failure and avoid wasteful ‘garbage in garbage out’ at immediate and longer term taxpayer expense. ie they must be acutely aware by now that their data and results are being used politically for some rather large public and private resource reallocation.