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"BUFFETT: I'm not a physicist, but if--it may be that odds are 90 percent that the global warming people are right. It may be 95 percent, it may be 50 percent. But if it's 20 percent, you still have to act like they're right, because, I mean, if you're betting on the future of the planet, you know, you do not want to say, you know, `Well, I'm not sure about it,' when the problem keeps increasing year by year. So we have to do something significant to reduce carbon emissions. I didn't think--the cap and trade thing was a big wealth transfer, basically, from the Midwest to the coast. But we can--we can dictate that X percent of electric generation by 2020, by 2030, by 2040, you know, has to be--you have to get rid of the stuff that's polluting the atmosphere. And the utility industry will do that. It'll be expensive. Consumers will pay for it. I mean, it's the nature of utilities. Consumers will pay for it. But it's the price we pay for the planet. The big problem, of course, is it's a worldwide problem and the United States can't do it by itself..."

See the whole discussion here: http://www.cnbc.com/id/35644956/page/2/
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