BP and Shell have joined ExxonMobil and ConocoPhilips in supporting a Republican-backed group campaigning for a federal carbon tax in the US. The Climate Leadership Council proposal backed by oil and gas companies would impose a gradually rising carbon tax beginning at $40 per ton and return the money to American people through equal quarterly payments to offset higher energy prices. The group, called Americans For Carbon Dividends, is led by former Republican congressman Bob Inglis, who has been an outspoken critic of President Barack Obama’s climate policies. Cash would be returned to American citizens through quarterly payments. Importantly, the plan would scrap carbon regulations of power plants imposed by the Environmental Protection Agency and protect oil and gas firms from lawsuits holding them responsible for climate change.
BP and Shell have joined ExxonMobil and ConocoPhilips in supporting a Republican-backed group campaigning for a federal carbon tax in the US. The group, called Americans For Carbon Dividends, is led by former Republican congressman Bob Inglis, who has been an outspoken critic of President Barack Obama’s climate policies. Cash would be returned to American citizens through quarterly payments. Importantly, the plan would scrap carbon regulations of power plants imposed by the Environmental Protection Agency and protect oil and gas firms from lawsuits holding them responsible for climate change.