More:
When he ran Goldman Sachs, Paulson released a statement specifically
endorsing carbon trading. As the Washington Post reported (June 1,
2006) reported:
[Q] - Last year under Paulson's direction, Goldman Sachs issued an
eight-page position paper on environmental policy, saying it accepts a
scientific consensus, led by United Nations climate experts, that
global warming poses one of the greatest threats this century.
Like Bush, the Goldman Sachs statement endorsed a market for
businesses to buy and sell rights to emit greenhouse gases, saying it
will spur technology advances by companies "that lead to a less carbon-
intensive economy." But, it added, "Voluntary action alone cannot
solve the climate change problem," a position contrary to the Bush
administration's view. -
http://www.washingtonpost.com/wp-dyn/content/article/2006/06/01/AR2006060101181_pf.html
Money quote: "Voluntary action alone cannot solve the climate change
problem."
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