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Article: Exelon CEO Says Cap-and-Trade Approach to Carbon Emissions is Best for Economy.
- Article from:
- Business Wire
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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John Rowe urges businesses to come together to support federal climate legislation
CHICAGO -- Exelon Chairman and CEO John W. Rowe said yesterday that cap-and-trade is the best approach for addressing global warming while sustaining an economic recovery. In a keynote address at the PennFuture Southeast Global Warming Conference in Penn Valley, Pa., Rowe said reducing carbon emissions will cost money, but the alternatives to cap-and-trade will cost more.
"The best way to address the climate problem and protect our nation's fragile economic recovery is through cap-and-trade, which is the least expensive solution," Rowe said. "Prices will go up, just not ...