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20TH OF SEPTEMBER 2017 WESTIN TIMES SQUARE CONFERENCE CENTRE PROGRAM GUIDE 270 W 43RD ST, 10036, NEW YORK CITY, USA

We would like to thank our Gold Partner Sponsors: TABLE OF CONTENT, IETA CONTACTS & CFNA FLOORPLAN

TABLE OF CONTENT CONTACT IETA’S 2017 CFNA TEAM:

IETA President’s Welcome Note p3 DIRK FORRISTER What is IETA p4 President & CEO CFNA Conference & Side Events Agenda p5-8 [email protected] Our Gold Partner Sponsors p9-11 +41 22 737 05 00 Our Silver Sponsors p12-13 KATIE SULLIVAN Our Unique Sponsors p13 Managing Director, North America & Climate Finance Our Supporting Organisations p14 [email protected] Your Notes p15 +1 416 500 43 35 LISA SPAFFORD Managing Director, Geneva HQ & Strategic Partnerships [email protected] +41 22 737 05 02 TOM LAWLER Representative, Washington DC [email protected] +1 202 340 1960

CFNA FLOORPLAN

THE NEW YORK ATRIUM WESTIN TIMES SQUARE CONFERENCE CENTRE

CFNA REGISTRATION PEARL Exhibition Lounge ROYALE Coffee & Workshops PLYMOUTH Lunch Break Side Events Plenary Sessions Sessions

2 IETA PRESIDENT’S WELCOME NOTE

IETA PRESIDENT’S WELCOME NOTE

DIRK FORRISTER President & Chief Executive Officer, International Emissions Trading Association (IETA)

Dear Colleagues & Friends,

Welcome to the 8th edition of Carbon Forum North America (CFNA 2017).

It can almost make your head spin: 2016 delivered a banner year of climate policy with the ’s early entry into force, the adoption of the Kigali Amendment to the Montreal Protocol and the ICAO agreement on “CORSIA” – the new market mechanism for controlling from aviation.

Then 2017 created new dynamics. The Trump Administration decided in June to withdraw from the Paris Agreement. You could almost feel the “policy pendulum” change direction, as it prompted many leaders to redouble efforts on their climate action plans:

In the US, some states began to accelerate their action plans: California adopted legislation to extend its carbon market to help achieve the state’s GHG reduction target of 40% below 1990 levels by 2030, while the RGGI states (Connecticut, Maine, Maryland, Massachusetts, New York, New Hampshire, Rhode Island, Vermont) announced plans to deepen their targets to 65% below 1990 levels by 2030. Virginia began exploring to the possibility of joining RGGI, and Washington and Oregon continued efforts to develop market approaches.

In Canada, Ontario successfully launched its cap-and-trade program, whilefederal-provincial cooperation moved into high gear, aimed at developing a “Pan-Canadian” framework for carbon pricing that includes international market transfers.

In Mexico, work continues on a Mexican carbon market simulation that could help inform development of a carbon market for the 2020’s – and a dialogue began with other Pacific Alliance partners (Mexico, Colombia, Peru, Chile) on how to harmonize and potentially link their carbon pricing programs.

ICAO continues work on defining CORSIA’s operational structure, focusing on how to define the crediting criteria for carbon reductions and offsets.

In the financial community, the Financial Stability Board’s released its recommendations from the Task Force on Climate-related Financial Disclosure, catching the attention of nearly every CFO of a listed company.

As COP 23 approaches in Bonn under Fiji’s presidency, the work on unleashing the potential of the Paris Agreement through market cooperation and Article 6 will advance.

All in all, the climate action agenda is not slowing down – it continues to build momentum.

CFNA offers a unique opportunity to learn from the best minds on these climate action developments – what they mean for business, and how they will shape the future of markets and finance. We will hear from Ministers, business leaders, analysts and visionaries. It is a fabulous line up – and we are delighted that you could join us. Please speak up and share your views as we explore the future of carbon markets in North America and beyond!

Dirk Forrister President and CEO, IETA

3 WHAT IS IETA

The voice of business on mobilising markets to meet the climate challenge. www.ieta.org

THE BOTTOM LINE

4 CFNA CONFERENCE AGENDA

08:00-09:00 government and corporate leaders are staying course (or, in Registration & Welcome Coffee some cases, doubling-down) on climate action, leadership (New York Atrium & Room Pearl) and cooperation. This Opening Plenary session features host a candid Roundtable Discussion with these North American 08:15-09:00 climate champions. Ministers and Representatives from Analysts & Experts Look at the Numbers 'Eye Opener Coffee & Canada, Mexico, California, New York, Washington State, and Croissant' Ontario discuss where they are today – and where they might (Room Royale) be headed – on climate policy and cooperative action within and beyond North America’s borders. Begin your CFNA 2017 experience with this invaluable “carbon market” refresher and deep dive into the most important North Moderator American market developments and outlooks to – and through Dirk Forrister 2020. Leading researchers, brokers and advisors will share President & CEO, IETA expert market insights and analytics (e.g., historic activity, Rodolfo Lacy products, trends and pricing forecasts) across the US and Cana- Undersecretary for Environmental Policy and Planning da’s frenetic carbon landscape. Especially for market participants Ministry of Environment and Natural Resources, Mexico and policy makers across California-Quebec, Ontario and Region- Jared Snyder al Greenhouse Gas Initiative (RGGI) cap and trade programs, Deputy Commissioner for Air Resources, & CFNA’s “looking at the numbers” workshop is not to be missed. Energy, New York, Department of Environmental Conservation Moderator & Vice Chair, Regional Greenhouse Gas Initiative (RGGI) Dan McGraw Senior Market Strategist, ICIS US Carbon Markets Mary Nichols Chair, California Air Resources Board Introduction The Honourable Chris Ballard Katie Sullivan Minister of the Environment and Climate Change, Ontario Managing Director, IETA Melissa Lavinson Rachel Jiang Vice President, Federal Affairs and Policy and Chief Senior Analyst, Bloomberg New Energy Finance (BNEF) Sustainability Officer, PG&E Corporation Evan Ard Managing Director, Evolution Markets Nicolas Girod 10:30-11:15 Head of Trading & Research, ClearBlue Markets Networking Coffee Break & Visit the Exhibition (Room Pearl) 09:00-09:30 Opening Ceremony & Keynote Addresses 10:30-11:15 (Room Plymouth) The Introduction of W+ Standard and Other Alternatives to Capture the Green Attributes of Renewable Power Facilitator Organised by ACWA Power, Women Organizing for Change in Agriculture and Natural Resource (WOCAN) Rick Saines (Room Royale) Counsel & Head of North America Climate Change and Environmental Markets Practice, Baker & McKenzie ACWA Power is the first power company in the world to apply Co-Organiser Welcome Remarks WOCAN’s W+ Standard, linking the social and economic Paul Dawson benefits women’s empowerment with carbon emissions Chairman, IETA credits to achieve both goals. The W+ Standard is the first Keynote Addresses global standard for measuring and valuing women’s empow- The Honourable David Heurtel erment in project implementation. The W+ is designed to be Minister of Sustainable Development, the Environment and the flexible, measurable, verifiable and applicable to new or existing projects in six domains: Leadership, Health, Food Fight Against Climate Change, Government of Quebec, Canada Security, Time, Income & Assets, and Education & Knowl- H. E. Nazhat Shameem Khan edge. W+ labelled carbon credits can provide market differ- Ambassador Extraordinary and Plenipotentiary, Government of entiation for carbon products, drive additional climate action the Republic of Fiji & Chief Negotiator for the COP23 Presidency and sustainable development, and results-based financing. Moderator 09:30-10:30 David Ungar North America's Carbon Champions: Sub National Leadership Executive Director, ACWA Power & Cooperation Jeannette Gurung (Room Plymouth) Founder and Executive Director, WOCAN In the wake of the US Federal Administration’s retreat from Ingo Puhl global and domestic climate action, a growing army of Director Strategy, South Pole Group

5 CFNA CONFERENCE AGENDA

Paul Johnson 13:00-14:30 Senior Economic Advisor, The SolarCoin Foundation Networking Lunch & Visit the Exhibition Tba (Room Pearl) Interstate Renewable Energy Council (IREC) 13:00-14:30 11:15-13:00 Seeing the Forests for the Trees: The Vital Role of Forest The World of Article 6 - Local Markets, Global Linkages Carbon Sequestration in a Post-Paris World Short Break 12:05-12:10 Organised by Restore the Earth Foundation, US Business (Room Plymouth) Council for Sustainable Development, Latham & Watkins (Room Royale) Just weeks before UNFCCC negotiators are due to gather at COP23 in Bonn to advance the work on the implementation of Businesses continue to search for practical and economic the Paris Agreement, this session brings together a wealth of ways to offset their impacts as they are coming under experts that are playing a key role in the discussion on the increasing pressure to do their part to address climate market provisions of the Agreement. From NGOs to major change. This multi-sector roundtable side event will be an enterprises, from governments to international institutions and interactive, informative, action-oriented session. It will bring organizations, this high-level roundtable will gather different together forward-thinking corporate carbon visionaries and perspectives on how Art6 can be instrumental to stimulate the global issue experts to exchange ideas and hear the latest growth in domestic climate policies by offering ways for countries about cost effective forest carbon sequestration, the co-benefits to join forces and cooperate in reducing GHG emissions. associated with restoration projects, and how landscape-scale restoration fits into the complicated maze of compliance / Co-Moderators regulatory and voluntary carbon offset programs. Nathaniel Keohane Vice President for Global Climate, Environmental Defense Moderator Fund (EDF) Carol Cone Founder, Carol Cone ON PURPOSE David Hone Chief Climate Change Advisor, Shell PJ Marshall Co-Founder & Executive Director, Restore the Earth Foundation Keynote Shamshad Akhtar Jessica Orrego Under Secretary General of the United Nations & Executive Director of Forestry Secretary of the Economic and Social Commission for Asia American Carbon Registry and the Pacific (ESCAP) Jean-Philippe Brisson Speakers Partner & Co-Chair, Air Quality and Climate Change Practice, Yvon Slingenberg Latham & Watkins Director, International and Mainstreaming, Directorate for Sean Carney Climate Action, European Commission President, Finite Carbon Ulrika Raab Jamie MacKinnon Senior Adviser Climate Change Policy, Swedish Energy Agency VP of Environmental Solutions, Bluesource Canada Kelley Kizzier Article 6 Co-Facilitator, United Nations 14:30-15:30 Jackson Ewing High Level Roundtable 1: Climate Change Pioneers - CEO Director of Asian Sustainability, Asia Society Policy Institute Dialogue Tim Profeta (Room Plymouth) Founding Director, Duke Nicholas Institute for Environmental Policy Solutions CFNA’s exciting Roundtable brings together a unique Venkata Putti cross-section of global corporate and think tank CEOs to Senior Program Manager, Carbon Markets Unit, World Bank share leadership insights on the most pressing challenges – Group and growing business opportunities - across the low-carbon Paul Dawson landscape. Moderated by the Carbon Pricing Leadership Head of Regulatory Affairs, RWE Supply & Trading Coalition (CPLC), this group of leaders across power, clean technology, finance, and market sectors will speak frankly about their experiences as carbon pricing pioneers to date, Sungwoo Kim and where they see the “climate puck” in the US and globally Regional Head of Climate Change & Sustainability, KPMG over the coming years. Asia Pacific John Ward Moderator Director, Vivid Economics Angela Churie Kallhauge Head of the Carbon Pricing Leadership Coalition (CPLC) Secretariat, World Bank Group

6 CFNA CONFERENCE AGENDA

Kerry Adler 15:30-16:15 President & CEO, SkyPower Presentation of the Corporate Internal Carbon Pricing Guides Andrew Ertel to Support a Wider Use of Best Practice Approaches Globally President & CEO, Evolution Markets Organised by Ecofys, CDP, The Generation Foundation (Room Royale) Paddy Padmanathan President & CEO, ACWA Power Renat Heuberger CEO, South Pole Group Bob Perciasepe This event will present a how-to-guide on Internal Carbon President, Center for Climate and Energy Solutions (C2ES) Pricing (ICP). A 4D framework for ICP will be featured, to Kevin Rabinovitch support the development of best practice approaches for Global Director of Sustainability, Mars, Incorporated companies responding to carbon market trends & the increased demand to integrate climate risk metrics into their 14:30-15:30 business. This, in line with the recent FSB Task Force on High Level Roundtable 2: King Kong & Godzilla - Financial Climate Change Financial Disclosure recommendations, that Disclosure Meets Climate Risk also recommended ICP as a metric for integrating regulatory (Room Royale) risk into scenario analysis. As companies turn to ICP, it is crucial that they design and implement an effective pricing In December 2015, the Financial Stability Board established mechanism. the Task Force on Climate-related Financial Disclosures Moderator (TCFD). Eighteen months late, the Task Force, chaired by Noémie Klein Michael Bloomberg, released its recommendations for how Associate Director, Ecofys corporations should disclose their climate-related financial Kevin Rabinovitch risks. Several IETA members participated on the Task Force and Global Sustainability Director, Mars Inc. contributed to the development of these recommendations. This roundtable will discuss the outcomes and the practical Maarten Neelis challenges and opportunities that could result from their Director, Ecofys implementation. Nicolette Bartlett Director, Carbon Pricing, CDP Moderator Tom Lawler Jeff Turner Washington D.C. Representative, IETA Vice President, Corporate Sustainability, Royal DSM Glen Murray Tba Executive Director, Pembina Institute & Former Minister of The Generation Foundation the Environment and Climate Change, Ontario, Canada 16:15-17:15 Lisa DeMarco California Market & Growing the Club: Staying on Course Senior Partner, DeMarco Allan LLP Post-2020 & What to Watch Bjørn Otto Sverdrup (Room Plymouth) Senior Vice President for Sustainability, Statoil Antonia Bullard Across North America and globally, jurisdictions are not only Vice President, IHS Energy watching but replicating California’s cross-border, economy-wide cap and trade approach. After years of legislative uncertainty and Marisa Buchanan legal threats to the program – and thanks to the supermajority Executive Director, Sustainable Finance, JP Morgan Chase passage of legislation in July 2017 - California’s carbon market is now set to survive – and hopefully thrive – through 15:30-16:15 2030. This only CFNA California-centric session brings Networking Coffee Break & Visit the Exhibition together policy, legal and government experts to unpack the (Room Pearl) current status, future threats and outstanding market design issues facing the state’s program. During the interactive discussion, considerations for existing and future linkage partners will also be unpacked.

Moderator Katie Sullivan Managing Director, IETA Aimee Barnes Senior Advisor to the Governor, Office of Governor Edmund G. Brown

7 CFNA CONFERENCE AGENDA

Jon Costantino Partner, Tradesman Advisors Craig Ebert President, Climate Action Reserve Nico van Aelstyn Partner, Sheppard Mullin Jean-Philippe Brisson Partner, Latham & Watkins

16:15-17:15 Greening the Skies - Aviation’s Global Offsets Program & Outlook (Room Royale)

CORSIA is on its way to operationalization. Hear directly from ICAO and practitioners on its latest status and pathway to take off. We look at what steps ICAO, governments, airlines & other stakeholders can take to prepare for implementing the scheme and what could further aid readiness for all actors. Finally, we discuss how the carbon markets can prepare for CORSIA in light of policy discussions, and how to best support the success of the scheme.

Moderator Alastair Handley President & CEO, Solutions David Antonioli CEO, VCS Association Annie Petsonk International Counsel, Environmental Defense Fund Jane Hupe Deputy Director, Environment, Air Transport Bureau, ICAO Nancy Young Vice President Environmental Affairs, Airlines for America James Grabert Director, Sustainable Development Mechanisms, UNFCCC

17:15-17:30 Short Break

17:30-18:30 In Conversation with Leaders (Room Plymouth)

Moderator Dirk Forrister President & CEO, IETA Key Speakers H. E. Hakima El Haite Special Envoy for Climate Change, Kingdom of Morocco & High-Level Climate Champion, UNFCCC The Honourable Shannon Phillips Minister of Environment and Parks & Minister Responsible for the Climate Change Office, Alberta Government, Canada Kevin Rudd President, Asia Society Policy Institute (ASPI) & Former Australian Prime Minister

8 OUR GOLD PARTNER SPONSORS

WE WOULD LIKE TO THANK OUR GOLD PARTNER SPONSORS

ACWA POWER ACWA Power is a developer, investor and operator of a portfolio of power generation and desalinated water production plants currently with presence in 11 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value in excess of USD 30 billion, can generate 22+ GW of power and produce 2.5 million m3 /day of desalinated water to be mostly delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models. ACWA Power pursues a mission to reliably deliver electricity and desalinated water at the lowest possible cost, thereby contributing to the social and economic development of the communities and countries it invests in and serves. ACWA Power strives to achieve success by adhering to the values of Safety, People and Performance in operating its business. Contact: Jon Barber, Director - Corporate Communications E: [email protected] | W: www.acwapower.com

CHEVRON Chevron is one of the world’s leading integrated energy companies. Our success is driven by our people and their commitment to delivering industry-leading results and superior stockholder value in any business environment. We do this by operating responsibly, applying advanced technologies, capturing new high-return opportunities, and executing with excellence in a socially and environmentally responsible manner. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemicals and additives; and develop and deploy technologies that enhance business value in every aspect of the company’s operations. We take great pride in enabling human progress by developing the energy that improves lives and powers the world forward. Contact: Arthur Lee, Chevron Fellow and Senior HES Advisor E: [email protected] | W: www.chevron.com

RESTORE THE EARTH FOUNDATION Restore the Earth Foundation is a 501(c)(3) non-profit. Restore the Earth knows that it is possible to go beyond just protecting our environment—it is possible to restore it. And when you restore the environment at landscape scale, it creates incredible value for business, communities and the Earth. We’ve unlocked the business case for landscape scale restoration and we’re using it to restore 1 million acres in the Mississippi River Basin, North America’s Amazon. We go beyond talk to action; since 2008 we’ve tested and refined every element of our approach with real projects on the ground. All our investment partners receive quantified and verified metrics of the environmental, social and economic value created by their investment. Contact: Taylor Marshall, Director of Sustainable Programs E: [email protected] | W: www.restoretheearth.org

SKYPOWER With roots dating back more than 14 years, SkyPower’s global team possesses a vast track record of over 1000 years of combined experience in power and large infrastructure projects. The experienced and accomplished SkyPower team has built, assembled and acquired an extensive pipeline of over 25 GW worldwide – some of which were recently announced in bilateral agreements, and other contract awards, to be built in the Middle East, Africa and South Asia over the next five years. SkyPower’s over 30 utility-scale solar Power Purchase Agreements (PPA) and Contracts in aggregate represent billions of dollars worth of long-term renewable energy sales to leading utilities and governments around the world. Contact: Maria Vorobieva, Senior Director, International Public Affairs E: [email protected] | W: www.skypower.com

9 OUR GOLD PARTNER SPONSORS

10 OUR GOLD PARTNER SPONSORS

11 OUR SILVER SPONSORS

WE WOULD LIKE TO THANK OUR SILVER SPONSORS

CDP CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Over the past 15 years we have created a system that has resulted in unparalleled engagement on environmental issues worldwide. We want to see a thriving economy that works for people and planet in the long term. To do this we focus investors, companies and cities on taking urgent action to build a truly sustainable economy by measuring and understanding their environmental impact. Contact: Nicolette Bartlett, Director, Carbon Pricing E: [email protected] | W: www.cdp.net

ECOFYS Ecofys is a leading international energy and climate consultancy. We have been at the forefront of energy thinking for over 30 years and are part of Navigant’s global energy practice. A joint team of more than 600 experts delivers impact in the global energy and climate transition. For us, knowledge and innovation are the key factors in turning the ideas of today into viable realities of tomorrow. Supporting public and corporate organisations alike, we enable our clients to adapt to changes and identify new opportunities quickly. If we act now, the 2050 global energy system can be sustainable, secure, affordable and fully based on renewable sources. Dedicated to our mission we all work passionately to make it happen. Contact: Noémie Klein, Associate Director E: [email protected] | W: www.ecofys.com

EPIC SUSTAINABILTY SERVICES Epic Sustainability is an international award winning auditing agency with qualified techni- cal resources located in all continents covering all technical areas and sectoral scopes. As a leading independent greenhouse gas verifier, sustainability assurance provider and third party auditor operating globally, we believe in a partnership approach that benefits all relevant stakeholders. We offer industry best second and third party audits for various management systems and standards across the globe. Our accredited and non-accredited training services cover various ISO standards, protocols, systems and process excellence. Contact: Kondreddi Suryanarayana Murthy, Founder E: [email protected] | W: www.epicsustainability.com

LATHAM & WATKINS LLP Latham is dedicated to working with clients to help them achieve their business goals and overcome legal challenges anywhere in the world. From a global platform of offices in the world's major financial, business and regulatory centers, the firm's lawyers help clients succeed. Devoted to Client Service: Latham’s global platform is composed of a single, integrated partnership focused on providing the most collaborative approach to client service. Contact: Jean-Philippe Brisson, Partner E: [email protected] | W: www.lw.com

STATOIL Since 1972, Statoil has been pushing the boundaries of imagination and technology, solving challenges in the oil and gas industry. That quest has taken us to greater depths, deeper waters and new frontiers. Now in challenging times, we’re going the extra distance to work smarter and more cost-effectively. Our industry is experiencing fundamental challenges. From climate change and geopolitics to the energy markets, we are facing new realities. Our ambition is to be the world’s most carbon-efficient oil and gas producer, as well as driving innovation in offshore wind. We’re a company driven by solving tomorrow’s energy challenges, today. Contact: Charlotte Wolff-Bye, Vice President Sustainability E: [email protected] | W: www.statoil.com

12 OUR SILVER & UNIQUE SPONSORS

THE GENERATION FOUNDATION Generation Foundation is the advocacy initiative funded by the profits of Generation Investment Management. The goal of the Foundation is to strengthen the case for Sustainable Capitalism by mobilising key participants in the global economy around the business case for Sustainable Capitalism. We aim to accelerate the transition to a more sustainable form of capitalism; one aligned with a low-carbon, prosperous, equitable, healthy and safe society. Our mission is to mobilise asset owners, asset managers, com- panies and other key participants in the global economy around the business case for Sustainable Capitalism. Contact: E:[email protected] | W: www.genfound.org

US BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT (US BCSD) Is a member-led business association harnessing the power of collaborative projects, platforms and partnerships to develop and scale solutions to sustainability challenges in the US. It links to the World Business Council for Sustainable Development’s global idea flow and serves as a project proving implementation platform in the US. In 2016 US BCSD formed an alliance with Restore the Earth Foundation (REF) to apply a business-led model to landscape scale restoration that provides quantified metrics to investors documenting the environmental, economic, and social benefits of their restoration investments. Contact: Susan Fernandes, Director of Operations E: [email protected] | W: www.usbcsd.org

WE WOULD LIKE TO THANK OUR WIFI SPONSOR

CENTER FOR CLIMATE AND ENERGY SOLUTIONS (C2ES) C2ES is an independent, nonprofit, nonpartisan organization promoting strong policy and action to address the twin challenges of energy and climate change. C2ES focuses on understanding and managing climate change risks, promoting innovative climate and energy policies, and offering practical solutions to climate and energy challenges. Contact: Alec Gerlach, Communications Director E: [email protected] | W: www.c2es.org

13 OUR SUPPORTING ORGANISATIONS

WE WOULD LIKE TO THANK OUR SUPPORTING ORGANISATIONS

CARBON PRICING LEADERSHIP COALITION (CPLC) 1818 H Street, NW Washington, DC 20433 USA Contact: Angela Churie Kallhauge, Head of the CPLC Secretariat [email protected] | www.carbonpricingleadership.org

CLIMATE ACTION RESERVE (CAR) 601 West 5th Street, Suite 650 Los Angeles, CA 90071 Contact: Craig Ebert, President [email protected] | www.climateactionreserve.org

INTERNATIONAL CHAMBER OF COMMERCE (ICC) 33-43 avenue du Président Wilson 75116 Paris, France Contact: Majda Dabaghi, Senior Policy Manager – Environment and Energy [email protected] | www.iccwbo.org

WOCAN 77-6414 Kepano Kailua Kona, HI 96740 USA Contact: Jeannette Gurung, Founder and Executive Director [email protected] | www.wocan.org

14 YOUR NOTES

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SEE YOU NEXT YEAR

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