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Stringent regulations are essential to California's Cap and Trade
program. Speculators bent on accumulating personal wealth will
cloud the proposed goal of reducing emmissions and therefore should
absolutely not be allowed to participate.  
There is little time left. The goal is to create a system of
operation more in tune with a healthy environment.The focus should
be to reform local operations that create the pollution. If a cap
and trade system is needed to help pay for the modifications
necessary then these interactions should be highly scrutinized and
transparent.
To think of selling responsibility for reform elsewhere is
unconsionable.