ACTIVISTS WARN EXCHANGE RULES SET BAD PRECEDENT FOR FUTURE MANDATE

Environmentalists are raising concerns after the first sale of agricultural offsets took place on the Chicago Climate Exchange, the nation's only broad-based market for trading greenhouse gas credits. Activists warn the exchange's rules do not ensure that the offsets are real, and worry that farmers might want to hold on to the same rules under any future mandate to reduce carbon dioxide (CO2). However, a source with the exchange argues that agriculture's participation and its ability to generate offsets represents...