Skip to comments.Exxon, BP support Republican elders' climate proposal
Posted on 06/20/2017 12:43:20 PM PDT by Oldeconomybuyer
Major oil companies like Exxon Mobil and BP Plc have thrown their support behind a carbon tax plan proposed by a group of elder Republican statesmen, according to an advertisement published in the Wall Street Journal on Tuesday.
The corporate support for the plan, which would impose a $40 tax on each ton of carbon dioxide produced, follows a decision by President Donald Trump to pull the United States out of the Paris Climate Agreement, a global pact that fights climate change by slashing emissions from burning fossil fuels.
The Climate Leadership Council proposal was co-authored by James Baker, secretary of state during the administration of George H. W. Bush, and George Shultz, secretary of state under Ronald Reagan. The proposed $40 per ton tax on carbon would rise in price over time, and revenues would be paid into the Social Security Administration.
While the plan echoes past attempts by parts of the Republican Party to address climate change, it could be a non-starter. Trump has expressed doubt over the existence of climate change and has said efforts to fight it put the United States at a competitive disadvantage.
(Excerpt) Read more at reuters.com ...
The Bushes and their hacks are our enemies.
great...are any under 85 years old ?
“elder Republican statesmen”
AKA the same guys who screwed up so badly we ended up with Bill Clinton and Barack Obama.
Well, it beats paying the money to the UN.
And he's right on both counts.
Very generous of them to offer my money for the cause. I propose a “Republican Elders’ and Oil Executives’” tax plan. They can match the total of what they want others to pay dollar for dollar. And they can do it first. It’s for the children.
While I hate the idea of a new fake tax on carbon at least the revenue is not going to the turd world or the UN.
The Carbon Tax kneecaps startup energy companies.
It’s the only reason old-guard Pubbies and the Fortune 500 would unite to support it.
Looks like this group of elder Republican statesmen are looking to enrich themselves on the back of the climate change hoax. Of course they are pretending that they are doing it for you. What a deal!
“While I hate the idea of a new fake tax on carbon at least the revenue is not going to the turd world or the UN.”
How did all those other taxes for SSI end up going wherever the hell the libs wanted? This is a scam. It will enrich the already rich.
All are stupid and dumber than dirt.
My take exactly...
The GOPe has Statesmen?
Good luck getting president Trump to sign such a bill.
Trump doesn’t have to sign it.
I wonder what his take will be.
revenues would be paid into the Social Security Administration.How would money funneled in to the SSA effect "climate change" exactly?
Nothing by James Baker deserves the light of day let alone serious consideration.
How far James Baker has come from his days when he played footsie with Saudi plungers — including the Bin Ladens — who used Houston as their playtoy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.