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 $ 1 m over five years to Americans for Carbon Dividends , part of the Climate Leadership Coalition , which is promoting a progressive tax beginning at $ 40 per tonne of carbon . Cash would be returned to American citizens through quarterly payments . “The polling clearly reflects Republican voters want the Republican Party to lean in with a proactive bipartisan solution to reduce carbon emissions.” Importantly , the plan would scrap carbon taxes 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 . Each company is donating $ 1 m over five years to Americans for Carbon Dividends , part of the Climate Leadership Coalition , 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 taxes of power plants imposed by the Environmental Protection Agency and protect oil and gas firms from lawsuits holding them responsible for climate change .