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A federal carbon tax is imminent in the USA – and Exxon is pushing it

Discussion in 'News from Electrek.co' started by RSSFeed, Aug 29, 2016.

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    Is a Federal Carbon Tax coming to the USA? The answer can be surmised in one point: Exxon has been lobbying Congress to institute carbon regulation. This corporate policy became public after a 2009 speech by their CEO, Rex Tillman. Recently, Judges from Minnesota and Washington have lent credence to the public costs (health and pollution) of burning fossil fuel. While California’s cap and trade program flounders, critics are calling for a simpler, direct carbon tax. And in December of 2015 a bill was introduced in Congress which laid out clear carbon tax pricing through 2035. That bill, S.2399 – Climate Protection and Justice Act of 2015, is stuck in committee. As our consciousness of climate change transforms into new policies, two important questions emerge: What form of carbon tax will most effectively meet our goals of long term species sustainability and why is Exxon advocating a certain version?

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