From Greenspan to Yellen, economic brain trust backs carbon tax

by Jennifer A Dlouhy, Bloomberg An all-star lineup of economists, from Alan Greenspan to Paul Volcker, is endorsing a plan to combat climate change by slapping a tax on greenhouse gas emissions and then distributing the revenue to American households. All living former Federal Reserve chairs, several Nobel Prize winners and previous leaders of the […]

The oil industry’s covert campaign to rewrite American car emissions rules

by Hiroko Tabuchi, NY Times When the Trump administration laid out a plan this year that would eventually allow cars to emit more pollution, automakers, the obvious winners from the proposal, balked. The changes, they said, went too far even for them. But it turns out that there was a hidden beneficiary of the plan […]

Canadian Prime Minister Justin Trudeau is betting his reelection on a carbon tax

By David Roberts, Vox The revenue would be returned to citizens as rebates, which might change the politics. Climate policy has taken a remarkable turn up in Canada, where Prime Minister Justin Trudeau is effectively betting his reelection on the political salability of a nationwide carbon tax. (I can’t believe I just wrote those words.) […]

ExxonMobil gives $1 million to promote a carbon tax-and-dividend plan

by Steven Mufson, Washington Post ExxonMobil will give $1 million over two years to a group promoting a plan that would tax the carbon content of fuels, including the oil giant’s products, and return the proceeds of the tax to Americans. ExxonMobil said the $1 million will go to Americans for Carbon Dividends, a 501(c)(4) […]

Oil’s march toward $100 is just what electric cars need

by Jeremy Hodges, Oliver Sachgau, and Ania Nussbaum, Bloomberg Oil’s march toward $100 a barrel is coming at just the right the time for auto makers investing billions in the switch to electric cars. Fuel prices reached a four-year high last month, concentrating consumers’ minds on the relative costs of internal combustion versus electric motors. […]

Karen Barnes enjoying her increased climate credit

Psst, your California Climate Credit is increasing – and so is your potential dividends donation

By Mike Sandler, Cofounder of the Center for Climate Protection Psst, you’re getting money back from a carbon price.  The California Climate Credit is one of the best kept secrets in the world of climate policy.  It was created in 2014 by the California Public Utilities Commission to return revenues from the State’s Cap & Trade program […]

Massachusetts can legally limit CO2 emissions from power plants, court rules

by Marianne Lavelle, InsideClimate News Massachusetts’ highest court on Tuesday resoundingly upheld the state’s power to impose limits on carbon emissions from power plants. It’s the latest example of states establishing their authority to fill the regulatory void the Trump administration is creating as it moves to roll back the Clean Power Plan and other […]

The next financial crisis lurks underground

by Bethany McLean, NY Times About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to be sucked dry, by injecting liquid at high pressure into a horizontal well below the surface. About 10 years ago, […]

House votes to denounce carbon taxes. Where was the Climate Solutions Caucus?

by Marianne Lavelle, InsideClimate News The U.S. House of Representatives on Thursday passed a resolution denouncing the idea of a U.S. carbon tax as detrimental to the economy, one week before a Republican-sponsored bill to create a carbon fee is set to be introduced. It was a win for a coalition of groups funded by […]

Ireland moves to divest from fossil fuels

by Somini Sengupta, NY Times Ireland on Thursday moved to pull its public funds out of fossil fuels, a development that marks the most significant advance to date for a divestment campaign pushed by environmentalists worldwide. The lower house of Parliament passed a bill that requires the country’s sovereign fund, valued at 8.9 billion euros, […]