State Races Put Climate Pacts in Jeopardy | CommonDreams.org
New Mexico Gov. Bill Richardson, who steps down in January after two terms, signed up for the Western Climate Initiative - a regional plan to cap carbon dioxide emissions in 2012. But whoever replaces the Democrat might be inclined to drop out.INTERVIEW-Deutsche Bank spurns U.S. for climate [hoax] investment By Reuters
Arizona, Nevada and Utah already have opted out of the pact, and New Mexico could be a loser if it doesn't follow, said Ryan Cangiolosi, campaign manager for GOP nominee Susana Martinez.
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In Maine, Paul LePage won the GOP gubernatorial nomination at the same time the state party changed its platform. He dubbed global warming science a "scam."
"You just throw your hands up and say ... we're going to take our money elsewhere," said Kevin Parker in an interview with Reuters.
Parker, who is global head of the Frankfurt-based bank's Deutsche Asset Management Division, oversees nearly $700 billion in funds that devote $6 billion to $7 billion to climate change products.
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"They're asleep at the wheel on climate change, asleep at the wheel on job growth, asleep at the wheel on this industrial revolution taking place in the energy industry," Parker said of Washington's inability to seal a climate-change program and other alternative energy incentives into place.
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For Deutsche Bank, which has erected a "carbon counter" in Manhattan to tick off the level of greenhouse gases in the atmosphere, that means concentrating on investment opportunities in Germany, Italy, Spain and China, according to Parker.
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