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The Japanese prime minister Yukio Hatoyama “openly admitted that [Japan’s target to reduce emissions by 25% by 2020] was ambitious” according to his spokesperson. “This target is challenging for Japan,” he said in Copenhagen today (December 18)....
“At the highest level of economic motivation for their actions and most generous interpretation of them, they are trying to influence prices in a way that benefits mankind and they should be considered heroes for it.”
John Lothian on speculators in the commodity markets.