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December 13, 2007

Bloomberg Blasts Carbon Trading at UN Bali Conference

Bloomberg: Carbon tax should replace carbon trading, CHARLES J. HANLEY, AP Special Correspondent, Newsday.com, Dec. 13: … "[Cap and trade is] a very inefficient way to accomplish the same thing that a carbon tax accomplishes," [NY Mayor Michael Bloomberg] said. "It leaves itself open to special interests, corruption, inefficiencies." …

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