"A financial speculation tax (a.k.a. FST, Robin Hood tax or financial transaction tax) could raise serious money – on the order of $400 billion per year, and groups that are worried about the impacts of climate change think that this is one of the best proposals out there for generating some of the money developing countries desperately need to adapt to a warming world and to build low-carbon economies."

Obama: If You Can't Lead Then Get Out of the Way

www.ips-dc.org

Major U.S. environment, development and faith groups call on President Obama not to block European countries' progress toward a financial speculation tax at the G-20 Summit.