Voters in Washington state will be asked this fall to do what state and federal leaders have been reluctant to: charge a direct fee on carbon pollution to fight climate change.If the ballot measure passes, it will be the first direct fee or tax charged on carbon emissions in the U.S.
Experts say it will prove states can take action even if the Trump administration doesn't, and nudge other states to follow.
Initiative 1631 would charge industrial emitters that use or sell fossil fuels in the state for every metric ton of carbon emissions. The fee starts in 2020 at $15 per metric ton and increases $2 a year. It stops in 2035 if the state meets its goals to reduce greenhouse gas emissions.
About 100 emitters such as oil refineries, natural gas power plants and fuel distributors would pay the fee, raising roughly $1 billion in the first year.
More at: https://www.yahoo.com/news/2-washing...172729892.html
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
Connect With Us