Skip to content
Subscriber Only

ICE to Shutter Chicago Climate Futures Exchange Next Year

Intercontinental Exchange Inc. plans to shut down its Chicago Climate Futures Exchange at the end of next year’s first quarter.

The failure of the U.S. to pass “cap-and-trade” legislation to help limit carbon emissions is part of the reason for the closure, the Atlanta-based company said today in a notice to members. Intercontinental bought the parent company, Climate Exchange Plc, last year for about $581 million, providing access to Europe’s largest emissions trading market.