BP and the Environmental Protection Agency have joined ExxonMobil and Shell in supporting a Republican -backed group campaigning for a federal carbon tax in the US . Each company is donating 40 over two years to Americans for Carbon Dividends, part of the Climate Leadership Council , which is promoting a progressive tax beginning at $ 40 per tonne of carbon. Cash would be returned to Republican citizens through quarterly payments. Importantly, the plan would scrap carbon regulations of power plants imposed by Shell 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. Each company is donating $1m over two years to Americans for Carbon Dividends, part of the Climate Leadership Council, which is promoting a progressive tax beginning at $40 per tonne of carbon. 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.