American Businesses Should Spend Some of Their Cash Reserves to Create ‘Green’ Jobs, Suggests EPA’s Lisa Jackson

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CNSnews:

CNSNews.com) - Environmental Protection Agency Administrator Lisa Jackson suggested on Tuesday that American businesses with a “record amount of cash holdings,” estimated at $1.93 trillion, could invest some of those holdings to create jobs that advance pollution control.

Jackson, speaking at the BlueGreen Alliance national conference in Washington, D.C., cited a Dec. 10 Wall Street Journal article about a U.S. Treasury report, which estimated that there is $1.93 trillion in cash and other liquid assets of non-financial U.S. companies sitting dormant, not being invested.
“Even a portion of the $1.93 trillion invested in developing and installing new pollution control technology would result in good jobs right here for American workers,” Jackson said to the gathering of labor unions and environmental activists.

Jackson said that standards and regulations set by the Environmental Protection Agency (EPA) are good for job creation and the economy.
“The fact is that updating environmental standards, which we do to protect American families from things like mercury and acid gases and other toxic pollutants that cause asthma and lung disease, especially in children, create a good economic climate for investment and good jobs for American workers,” Jackson said.