Posted on 08/04/2021 5:01:56 AM PDT by karpov
Democrats in Congress want to tax Exxon, Chevron and a handful of other major oil and gas companies, saying the biggest climate polluters should pay for the floods, wildfires and other disasters that scientists have linked to the burning of fossil fuels.
The draft legislation from Senator Chris Van Hollen of Maryland directs the Treasury Department and the Environmental Protection Agency to identify the companies that released the most greenhouse gases into the atmosphere from 2000 to 2019 and assess a fee based on the amounts they emitted.
That could generate an estimated $500 billion over the next decade, according to Mr. Van Hollen. The money would pay for clean energy research and development as well as help communities face the flooding, fires and other disasters that scientists say are growing more destructive and frequent because of a warming planet. The bill for the largest polluters could be as much as $6 billion annually spread over 10 years, according to a draft of the plan.
“It’s based on a simple but powerful idea that polluters should pay to help clean up the mess they caused, and that those who polluted the most should pay the most,” Mr. Van Hollen said in an interview. “Those who have profited the most should help now pay the damages that they’ve already cause.”
The proposal comes as the Senate prepares to vote on a bipartisan $1 trillion infrastructure package that includes billions of dollars to help communities prepare for and recover from extreme weather driven by climate change. Democrats hope to later pass a separate $3.5 trillion budget package that will include measures to cut carbon dioxide, methane and other greenhouse gases that result from burning fossil fuels and that are helping to drive up global temperatures.
(Excerpt) Read more at nytimes.com ...
That’s not the half of it, they want a big class action lawsuit against big oil. There are lawyers who spent their entire career training for that case.
The stupidity is exceeded only by the larcenous intent.
If I ran a big oil company I’d shut it down for a couple weeks. Call is a reality check..
Remember when Mad Maxine said to the oil executives “this liberal will be all about ‘socializing’”, which she said — while stumbling around in search of the word “nationalization” — meant “taking over” and “the government running all of your companies”.
I’d agree to it.
As long as the Dems pay off half the debt,13trillion, by next year.
And an additional 3 trillion for reparations.
Yep. All the marbles. Take take take.
How can an invisible harmless gas cause droughts in one area and floods in another?
It’s just a way to nationalizing part of the companies. They can’t just outright seize them, like Venezuela did, so they take a part. And the supremely ignorant American public doesn’t want to know what IS coming down the pick and IS going to change their lives radically.
I don’t have a problem with this. Those corps were totally AWOL when Trump needed their help getting reelected. Let them eat Democrat cake now.
“How can an invisible harmless gas cause droughts in one area and floods in another?”
Because...Trump.
“How can an invisible harmless gas cause droughts in one area and floods in another?”
Heat bubbles
Quite often the District of Columbia will be cloud-free while starting around the Beltway there will be clouds.
When I first lived in the DC area about 40 years ago, the cloud-free area tended to end around the northern limit of the District.
The District, highly developed, is often in a heat bubble.
The intensity of a rainfall will often depend on temperature difference. Increasing the temperature difference will cause a more severe rainfall.
One can see by the clouds that the area of substantial effect is quite limited.
Yeah. The Godfather would be proud.
Now since Europe has cut its CO2 emissions, leftists should claim droughts and flooding in Europe should be less severe.
Any of these companies chinese, or have factories in china?
“Democrats hope to later pass a separate $3.5 trillion budget package that will include measures to cut carbon dioxide, methane and other greenhouse gases that result from burning fossil fuels and that are helping to drive up global temperatures.”
Has Biden’s CO2 pledge already been forgotten?
“President Biden opened a global summit on climate change Thursday morning by announcing that the United States will aim to cut its greenhouse gas emissions in half, based on 2005 levels, by the end of the decade.”
Just eight years, four months, twenty-six days away
And speaking of Biden pledges:
“Liberals are now questioning President Biden’s pledge that ‘Nobody making under $400,000 bucks would have their taxes raised, period,’ with a new analysis from the left-leaning Tax Policy Center.”
https://gop-waysandmeans.house.gov/liberals-biden-breaking-tax-pledge/
https://twitter.com/DonFSchneider/status/1404428303218495502?s=20
“big class action lawsuit” against Big Oil
I guess the tobacco lawsuit money just wasn’t enough.
They will have a problem here. The data doesn't support their claim.
IF they sue, cut off the fuel to their states. ZERO, don’t let anyone sell your refined products where they sued you. Watch them squeal.
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