Various Corporations Claim They Want Carbon Pricing: Anathema To GQP, Environmentalists Suspicious
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The advocacy push comes as Congress prepares to consider President Biden’s infrastructure plan, widely seen as a possible conduit for climate policy. “The United States is locked in a global race to own the future of clean energy, and that’s a race we can win if we employ sound economic policies that incentivize investment in new and existing clean energy technologies,” Exelon CEO Chris Crane said in a statement.
CLC proposes a $40-per-ton carbon fee and a border carbon adjustment, with revenues returned to the public in a dividend check, in exchange for the elimination and simplification of some greenhouse gas regulations. It’s a plan that has drawn some scrutiny from environmental groups, which are skeptical of the regulatory trade-off and of any climate advocacy from the major oil companies that helped bring climate denialism into American politics.
But CLC argues that a tax-and-dividend policy is more efficient than regulations and that businesses would be more likely to work in concert to reduce emissions in a pricing regime (E&E Daily, Dec. 18, 2020). “Business leaders are committed to addressing our climate challenge, and the consensus among them is that a carbon price is a central part of the solution,” CLC CEO Greg Bertelsen said in a statement.
Ed. - IOW, don't you dare try and regulate emissions!!
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And while the policy has long been seen as potentially GOP-friendly, most Republicans do not support it, with the exception of a few moderates. Sen. Mitt Romney (R-Utah), for instance, has said he is open to the dividend model. “The acid test of how serious API and the oil majors are about carbon pricing is whether Republicans sign on to a robust carbon pricing bill,” Sen. Sheldon Whitehouse (D-R.I.), a prominent carbon tax supporter, said in a recent interview. “And so far, that acid test has not been met.”
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https://www.scientificamerican.com/article/big-businesses-say-they-want-a-price-on-carbon/
