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, […]

RBS cuts lending to new coal and Arctic oil projects

by Press Association, The Guardian Royal Bank of Scotland will no longer fund Arctic oil projects and has pledged to cut lending to firms profiting largely from coal as part of an updated energy policy. The changes cover the mining, power and oil and gas sectors and are aimed at taking a tougher line on […]

Every Lyft ride to be offset by a carbon credit to reduce global warming

by Marco della Cava, USA Today SAN FRANCISCO — Cars and trucks contribute nearly a third of the nation’s greenhouse gases, according to the Environmental Protection Agency. If that pains you, Lyft is offering a salve. Starting Thursday, the pollution produced by every vehicle on Lyft’s platform will be offset by a self-imposed carbon tax, […]

World agrees to cut shipping emissions 50 percent by 2050

by John H. Cushman Jr., InsideClimate News The UN’s International Maritime Organization has approved the world’s first broad agreement to cut greenhouse gas emissions from worldwide ocean shipping and said it hopes to phase them out entirely “as soon as possible in this century.” The agency called the agreement, reached by countries on Friday, a […]