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Obama: US Pledges $3 Billion to Developing Nations for Global Warming Fund

U.S. President Barack Obama has announced that the United States is contributing $3 billion to the Green Climate Fund to help developing nations deal with climate change. Obama made his announcement Saturday at the University of Queensland in Brisbane, Australia -- host city of this year's summit of the Group of 20 world economic powers. The president said the fund will help pay for such necessities as early warning systems and stronger defenses against storm surges. It also will...

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