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December 04, 2018

Wonderful: As Paris Burns, Republicans Join Democrats to Put Tax on Carbon (The Invisible Killer)

Is this how you got Trump? Because I think this sort of thing is how you got Trump.

A group of Republican and Democratic lawmakers have teamed up on a bill that would put a price on carbon as a way to reduce pollution and curb climate change.

The members that have signed onto the House version of the Energy Innovation and Carbon Dividend Act (EICDA) include Ted Deutch (D-Fla.), Charlie Crist (D-Fla.), Francis Rooney (R-Fla.), John Delaney (D-Md.) and Brian Fitzpatrick (R-Pa.).

According to Deutch, the legislation seeks to "help reduce U.S. carbon pollution by 40 percent in 12 years, with a 91 percent reduction target by 2050 (vs. 2015 levels)" by pricing carbon at $15 per metric ton of CO2e and "increasing the price by $10 every year." Annually, the Treasury Department "would return 100 percent of the net revenue back to the American people."

Right, I remember when all the money generated by our Solyndra investment was returned to the American people too.


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posted by Ace of Spades at 03:13 PM

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