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What About a Carbon Tax During Trump’s Reign?

What About a Carbon Tax During Trump’s Reign?

Corporate America has a fiduciary responsibility to maximize profits for shareholders. So how does a carbon tax fit into this scheme? Alex Russell for the Bozeman Daily in Montana writes that a multitude of multinationals have saved millions in utility expenses by incentivizing low-carbon strategies. He points specifically to Walmart, Intel, … Read more »

industrial plant emissions

What Does a Carbon Tax Mean for Manufacturing?

A carbon tax initiative — the first of its kind in the US — will go before Washington state voters next week.

If a Carbon Tax is to Move Through Congress, Exxon has to Pull it Along

If a Carbon Tax is to Move Through Congress, Exxon has to Pull it Along

Exxon says that it will support a carbon tax that is revenue neutral, or one where the revenues from the tax are plowed back into economy in the form of clean energy investments or used to reduce other corporate taxes.

Exxon Will Push Hard for a Carbon Tax. What’s its Rationale?

Exxon Will Push Hard for a Carbon Tax. What’s its Rationale?

ExxonMobil is saying that it now wants to lead a national effort to enact a carbon tax. While the oil giant has supported a carbon tax since 2009, its previous efforts have been tepid. The Wall Street Journal is reporting, however, that it wants to take the lead in this effort. What’s the rationale?

Earth Day Planted Seeds for Action on Climate. Is a Carbon Tax a Good Idea?

During the Earth Day festivities, President Obama once again reiterated the United States’ commitment to reducing carbon emissions. But he went beyond his initial pledges of cutting such emissions by 28 percent by 2025 from 2005 levels and to 80 percent by 2050 from the same baseline. How to achieve … Read more »

industrial plant emissions

Washington State Considers First Carbon Tax in US

Washington state is considering the first carbon tax in the US, which would require energy-intensive manufacturing operations — steel mills and food processers, natural gas power plants, refineries that use fossil fuels, and others — to pay $25 per metric ton of carbon emissions released. Proponents of the bill say … Read more »

Bill Gates

Microsoft’s Bill Gates: Fossil Fuel Divestment a ‘False Solution’

Microsoft founder Bill Gates has called for a “substantial carbon tax,” and labeled fossil fuel divestment “a false solution,” in an interview with the Atlantic magazine. In the interview he says governments could combat climate change by increasing spending on research and development, and adds private investors should also spend … Read more »

Australian Carbon Tax Repealed

Companies in Australia will no longer have to pay for their carbon emissions, following the government’s repeal of the so-called carbon tax, the New York Times reports. Scrapping the carbon tax was a key election promise made by Prime Minister Tony Abbott, who, upon election last year, demanded the upper … Read more »

Policy & Enforcement Briefing: IPCC Report, Carbon Tax, EPA and Duke Energy

A draft report by the Intergovernmental Panel on Climate Change, likely to shape climate talks for years to come, makes the starkest warnings yet about global warming’s effects, the AFP says. The report will be formally published March 31. The EPA will join the North Carolina Department of Environment and Natural … Read more »

Policy & Enforcement Briefing: Coal Ash Spill, Calif. Carbon Tax, Alt Fuel Cars

Federal prosecutors have served 20 more subpoenas to the North Carolina Department of Environment and Natural Resources, as part of an criminal investigation into Duke Energy’s coal ash spill in the state, the AP reports. The feds are seeking documents and testimony from employees, including information on investments, cash or other items … Read more »

Policy & Enforcement Briefing: Renewable Fuel Standard, Japan Slashes GHG Target

The EPA is likely to reveal the 2014 Renewable Fuel Standard mandates today, Reuters reports. Agency officials have told industry representatives that the EPA may raise quotas above the level contained in a draft plan in August, Bloomberg reports. Japan has dramatically cut its 2020 emissions reduction target, from 25 percent … Read more »