Who Owns Chicago Climate Exchange

POWER POINT PRESENTATION


CHICAGO CLIMATE EXCHANGE

Chicago Climate Exchange Names Founding Members
Chicago Climate Exchange and Joyce Foundation via Washington Post ^ | 1.17.2003 | Chicago Climate Exchange
Posted on Saturday, September 20, 2008 6:22:37 AM by Calpernia
Excerpt of first source:
Chicago Climate Exchange Names Founding Members
Leaders from Automotive, Chemical, Commercial Real Estate, Environmental Services,Electric Power Generation, Electronics, Forest Products, Municipal, Pharmaceutical and Semiconductor Sectors to join North American Voluntary Private Sector Program to Reduce and Trade Greenhouse Gases
(CSRwire) CHICAGO,IL - Efforts to develop market-based solutions to global warming reach a milestone today as leading U.S. and international companies and the City of Chicago announce they will be the Founding Members of Chicago Climate Exchange (CCX), a voluntary cap-and-trade program for reducing and trading greenhouse gas emissions. In an unprecedented voluntary action, these entities have made a legally binding commitment to reduce their emissions of greenhouse gases by four percent below the average of their 1998-2001 baseline by 2006, the last year of the pilot program.


The founding members of CCX include American Electric Power (AEP), Baxter International Inc., the City of Chicago, DuPont, Equity Office Properties Trust, Ford Motor Company, International Paper, Manitoba Hydro, MeadWestvaco Corporation, Motorola, Inc., STMicroelectronics, Stora Enso North America, Temple-Inland Inc. and Waste Management,Inc.


CCX will administer this pilot program for emission sources, farm and forest carbon sinks, offset projects and liquidity providers in North America. To foster international emissions trading, offset providers in Brazil can also participate. The development of CCX resulted from feasibility and design studies that were funded by grants from the Chicago-based Joyce Foundation and administered by Northwestern University’s Kellogg Graduate School of Management. Environmental Financial Products, LLC conducted the research and development effort.

Excerpt of second source:
http://projects.washingtonpost.com/2008-presidential-candidates/barack-obama/

CCX Directors



Warren Batts is an Adjunct Professor of Strategic Management at the University of Chicago Graduate School of Business. Mr. Batts is a former Chief Executive Officer of Tupperware Corporation, Premark International and Mead and has also served as Chief Operating Officer of Dart Kraft. He also served on the boards of Allstate, Sears, Roebuck and Co., Sprint, British Columbia Forest Products, Temple Inland and International Minerals and Chemicals. Mr. Batts currently serves on the boards of Cooper Industries and Methode Electronics. Mr. Batts is a graduate of Georgia Tech and earned an MBA from Harvard Business School.

Bruce H. Braine is Vice President - Strategic Policy Analysis for American Electric Power. In his position at AEP, Mr. Braine directs the analysis of federal and state energy and environmental policies, as well as analyzing and assisting in the development of long-term environmental, energy and technology strategy. He also directs AEP’s corporate financial analysis of new investments and acquisitions. Prior to this appointment, Mr. Braine served as Senior Vice President - analysis for AEP Energy Services, a subsidiary of American Electric Power that markets and trades energy commodities. Before joining AEP Energy Services in 1997, Mr. Braine was a principal in the Washington, D.C. economic and management-consulting firm of Putnam, Hayes and Bartlett. Mr. Braine also serves on the Board of Directors of the International Emissions Trading Association (IETA), Ohio Association of Non-Profit Organizations (OANO), and on the finance committee and as Chairman of the pension committee of the United Way. He received his bachelor’s degree from Brown University and a master’s degree in business administration from Stanford University.

The Honorable Carole Brookins served from 2001 to 2005 as the United States Executive Director to The World Bank Group in Washington, DC. She represented the US government as the largest shareholder on the Board of Executive Directors. Appointed by President George Bush, she was confirmed by the US Senate in the summer of 2001. Ms. Brookins was Chairman and Chief Executive Officer of World Perspectives, Incorporated, Washington-based strategic advisors providing information, analysis and consulting services to international commodity, financial and government clients. She has been called upon by clients around the world for her work as a policy and trade strategist and is widely recognized for her expertise on the global political economy and its effect on agricultural and food markets. Ms. Brookins founded World Perspectives in 1980 after seven years as Vice President in the Commodities Department of E.F. Hutton & Company, Inc. in New York City. Ms. Brookins was on the Board of Directors of Terra Industries Inc., a leading producer of nitrogen and methanol, as well as on the boards of the international development trust Winrock International, U.S. National Committee for Pacific Economic Cooperation (PECC), the Pacific Basin Economic Council (PBEC) and its Food Committee, the International Food and Agribusiness Management Association (IAMA) and The Atlantic Council. She also served as a member of the North American Advisory Board of Rabobank International and the International Advisory Committee of CoBank, the World Agricultural Forum Advisory Board and the Advisory Council to Save the Children.
Susan M. Cischke is Senior Vice President, Environment and Safety Engineering for Ford Motor Company. As Ford's top environmental and safety officer, Ms. Cischke has set environmental and safety standards for Ford worldwide and is responsible for working with global regulators on policy issues ranging from carbon dioxide emissions to pedestrian safety. Ms. Cischke was previously Senior Vice President of Regulatory Affairs and Passenger Operations at DaimerChrysler after serving as Vice President of Vehicle Certification, Compliance and Safety Affairs and holding various engineering positions. Ms. Cischke has a Bachelor of Science degree in Engineering from Oakland University in Rochester, Michigan, a Master of Science degree in Mechanical Engineering and a master in Management both from the University of Michigan-Dearborn and completed the Tuck Executive Program at Dartmouth College.

Ambassador Stuart E. Eizenstat currently heads the international practice of Covington & Burling, a major international law firm. Ambassador Eizenstat has held a number of key positions at senior levels in the U.S. Government. During the Clinton Administration he served as U.S. Ambassador to the European Union (1993-1996), Under Secretary of Commerce for International Trade (1996-97); Under Secretary of State for Economic, Business and Agricultural Affairs (1997-99), and Special Representative of the President on Holocaust-Era Issues (1995-2001). Ambassador Eizenstat was also Chief Domestic Policy Adviser and Executive Director of the White House Domestic Policy Staff for President Jimmy Carter (1977-1981). Ambassador Eizenstat played a prominent role in the development of key international initiatives, including and the negotiation of the Kyoto Protocol on global warming, where he led the US delegation. Ambassador Eizenstat successfully negotiated major agreements with the Swiss, German, Austrian and French governments, and other European countries, covering restitution of property, payment for slave and forced laborers, recovery of looted art, bank accounts, and payment of insurance policies. His book "Imperfect Justice: Looted Assets, Slave Labor, and the Unfinished Business of World War II" is an account of these events. Ambassador Eizenstat was educated in the public schools of Atlanta. He holds a J.D. from Harvard Law School and received his B.A. cum laude from the University of North Carolina at Chapel Hill, where he was Phi Beta Kappa.
Les Rosenthal is a former Chairman of the Chicago Board of Trade (CBOT) and a principal of Rosenthal Collins, a leading Chicago-based commodities and futures trading firm. During his time as member of the Board and Chairman of the CBOT, Mr. Rosenthal was instrumental in advancing the cause of new and innovative exchange-traded products such as Treasury Bond futures and insurance derivatives.

Richard L. Sandor is chairman and CEO of the Chicago Climate Exchange, the world’s first and North America’s only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system. Dr. Sandor is also a research professor at the Kellogg Graduate School of Management at Northwestern University and a Member of the International Advisory Council of Guanghua School of Management at Peking University. While on sabbatical from the University of California, Berkeley in the early 1970s he served as Vice President and chief economist of the Chicago Board of Trade. It was at that time that he earned the reputation as the principal architect of the interest-rate futures market. Richard L. Sandor was honored by the City of Chicago and the Chicago Board of Trade for his contribution to the creation of financial futures and his universal recognition as the "father of financial futures". In October 2007, Dr. Sandor was honored as one of TIME Magazine’s “Heroes of the Environment” for his work as the “Father of Carbon of Trading.”
Maurice Strong is a former Secretary General of the 1992 United Nations Conference on Environment and Development (the Rio Earth Summit) and Under-Secretary General of the United Nations. He is currently the Chairman of the Earth Council, a non-governmental organization dedicated to the cause of sustainable development.In June of 1995, he was named Senior Advisor to the President of the World Bank. From December 1992 until December 1995, Mr. Strong was Chairman and Chief Executive Officer of Ontario Hydro, one of North America's largest utilities. Mr. Strong is an advisor to the United Nations, and has been a director and/or officer of a number of Canadian, U.S. and international corporations.
Ambassador Clayton Yeutter served as U.S. Trade Representative (USTR) from 1985-88, and while there led the American team in negotiating the historic U.S.-Canada Free Trade Agreement, the precursor to the North American Free Trade Agreement. He also helped launch the most ambitious trade negotiation in history, the 100-nation Uruguay Round, which culminated in the creation of the World Trade Organization. While USTR, Ambassador Yeutter broadened the U.S. trade agenda to encompass for the first time serious global negotiations in services, intellectual property, and agriculture. From 1978-85 Ambassador Yeutter served as President and Chief Executive Officer of the Chicago Mercantile Exchange. His tenure there was marked by innovation and growth which contributed to its evolution into one of the largest financial institutions in the world. Ambassador Yeutter presently serves as a Director of several major corporations, all of which are deeply involved in international commerce or international finance. He also is a frequent speaker and has written scores of articles and op eds, primarily on trade policy and agricultural policy.

WHO IS ?


Free Market, Cleaner Air

By Marianne Lavelle
Posted 7/24/05

The Chicago Climate Exchange may be an experiment, but don't suggest to its creator, economist Richard Sandor, that it is a humble one.
CCX, as it is known, attempts nothing less than using market forces to slow global warming. Sandor bristles at some environmentalists' doubts about the voluntary program, begun in 2003, for polluters to cut emissions of greenhouse gases such as carbon dioxide. "Our goals are not modest," he says, noting that some purportedly stringent Capitol Hill proposals would not force companies into commitments as ambitious as the ones they've already made to join his market-based solution. CCX's legally binding reductions, he says, are "a major environmental achievement."
Sandor, 63, is used to having a big impact--and to facing harsh skepticism. Known now as a leader in the free-market approach to environmental protection, he long ago made his mark as a finance pioneer. As chief economist for the Chicago Board of Trade in the 1970s, he helped develop U.S. Treasury futures--allowing traders to hedge interest-rate risk much as farmers manage exposure to market swings through pork belly futures. Financial futures are now a multitrillion-dollar market, accounting for 82 percent of the Chicago Board of Trade's business, and the financial industry's initial coolness to the concept is scarcely remembered--except by Sandor.