A fresh story from Fox News’ Ed Barnes (link) has uncovered a conflict of interest in the President’s Cap and Trade push.
In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.
During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
The real question now is, what did the Joyce Foundation or the Chicago Climate Exchange do to help Obama get into office? The second question is, why didn’t the press do their job before this Statist was elected President? I mean, it is not like this information wasn’t out there, or important.
Obama served as one of 12 directors on the Joyce Foundation board from July 1994 until December 2002, according to a Joyce foundation spokesman. But it was only in 2000 and 2001 that the foundation gave money to the Climate Exchange — funds deemed by the exchange itself to be fundamental to its successful launch, and in fact to its early survival.
Yep, change you can count on.
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