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. “Any and all industry support for pricing carbon is a welcome development,” Rooney told the Washington Examiner. 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 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.