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January 13, 2010

Activists Protest Carbon Trading Summit
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Here in New York, climate justice advocates rallied on Tuesday outside a
business summit on carbon trading. Participants at the annual Carbon
Trading Summit include top executives from JPMorgan Chase, Goldman
Sachs, Duke Energy and other firms. NASA climatologist James Hansen
called market-based carbon trading a boon for corporations.

James Hansen: “If you look at the bills in Congress, they’re giving the
money back to the polluters. And the carbon trading scheme will make
billions for the banks. They’re not needed. It’s a very simple problem.
You need a simple, honest solution, in which you put a price on carbon,
collect the money from the fossil fuel companies, distribute it to the
public, so that they can have the money to stimulate the economy and to
make the investments, changes in their lifestyles: more efficient
vehicles, insulate their homes, etc. So that’s what we need.”



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