“A Big Oil-Backed GOP Proposal For A Carbon Tax Is Just As Suspect As It Sounds” -Huffington Post

Huffington Post
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Summary: ” Multinational energy giants such as Exxon Mobil, and Total shall be able to hedge their business enough to remain profitable under a carbon tax but smaller producers might not be as receptive. “We are pleased to support the Council as a Founding Member, and work constructively to support their policy development process.” On the face of it, support from a group that includes Exxon Mobil might seem care for a coup, for those seeking to avert catastrophic climate change. In February, a cadre of Republican elder statesmen unveiled their plan to put a tax on carbon emissions, arguing that “mounting evidence of climate alter is growing too strong to ignore.” That plan got the backing of Big Oil on Tuesday, as Exxon Mobil Corp., BP, Royal Dutch Shell, and Total announced a new campaign to push Congress to give consideration to passing a carbon tax. Much of the oil private industry came out hard against the legislation: The American Petroleum Institute launched a PR campaign insisting a cap-and-trade market would put regular Americans out of work en masse, a compelling message at any time but particularly in the midst of the Great Recession. Tillerson, meanwhile, made a splash in 2009 during deliberations over with the cap-and-trade bill by declaring that Exxon Mobil supported a tax on carbon instead ― a first, for a company whose public messaging earlier dismissed the science in back of global warming as nonsense. “They append to up together a weight that, in conjunction with all these other large business leaders, could might possibly provide political cover, for Republicans to embrace carbon pricing.” But the oil private industry has publicly supported curbing planet-warming emissions for over with a decade while quietly working to sabotage any such legislation ― both by funding the campaigns of climate alter deniers, and torpedoing aggressive policy proposals. Myron Ebell, a once-fringe climate alter denier who oversaw Trump’s EPA transition team, said the proposal is for now, “dead on arrival.” He rejected the tax plan as tilted in favor of urban dwellers who he said require less energy than rural folks. “One of the things that’s particularly objectionable about the Shultz-Baker carbon tax dividend is it rewards people in highly urban areas who’ve very non-energy-intensive lives, and jobs,” Ebell, who leads climate policy at the Washington, D.C.-based conservative Competitive Enterprise Institute, told HuffPost by phone. Trump, who dismissed climate alter as a hoax during his campaign, has aggressively rolled back environmental regulations, and moved to bolster fossil fuel utilize and production. The Republican-backed carbon tax already has the support of foregoing Treasury Secretary James Baker, and former Secretary of Labor George Shultz, who’ve aligned with business and environmental leaders under the banner of the Climate Leadership Council. I would get a check equal to one an additional somebody who has to drive a long way to work every day, who required a four-wheel-drive vehicle because he resides in an area with lots of snow, and might have a job that includes heavy hauling, care for a plumbing business.” “We ought to introduce a bill to permit any company that wants to put a carbon tax on itself to do, accordingly and send the money to the U.S.”

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