Voters in Washington State have rejected the I-1631 ballot measure which would have established the first carbon tax in the US, while also raising an estimated $1bn annually within five years. The initiative was backed by big oil and gas companies such as ExxonMobil, Chevron, ConocoPhillips, BP, Shell Oil Company and Royal Dutch Shell, who argued that it will help them to reduce their James Temple, the senior energy editor at MIT Technology Review Economists will tell you that a carbon tax would be one of the most effective ways of cleaning up the energy system. , argues that if this solidly Democratic state refuses to support such a measure, it is unlikely to be introduced anywhere within the US at federal level.
Voters in Washington State have rejected the I-1631 ballot measure which would have established the first carbon tax in the US, while also raising an estimated $1bn annually within five years. The initiative was backed by big oil and gas companies such as ExxonMobil, Chevron, ConocoPhillips, BP, Shell Oil Company and Royal Dutch Shell, who argued that it will help them to reduce their James Temple, the senior energy editor at MIT Technology Review, argues that if this solidly Democratic state refuses to support such a measure, it is unlikely to be introduced anywhere within the US at federal level.