Quantcast

A Climate Fix That Stephen Hawking and Exxon Both Support

Popular
www.youtube.com

A new group of industry heavyweights, including oil majors Total, ExxonMobil, Royal Dutch Shell and BP, have voiced their support for a Republican-led carbon tax and dividend plan. Individual founding members include, Michael Bloomberg, Stephen Hawking and Steven Chu.


The Climate Leadership Council, formed earlier this year to promote a carbon tax as the most effective climate solution, announced its new coalition of "Founding Members" today.

Supporters include companies like Johnson & Johnson and General Motors and NGOs like the Nature Conservancy.

The plan is made up of four parts. As Bloomberg writes:

  • A carbon tax on fossil-fuel combustion lets energy prices reflect the damage done to the climate from carbon dioxide emissions.
  • Money raised by the levy is refunded monthly to taxpayers—turning distant climate benefits into immediate cash.
  • A border tax on goods from countries without a carbon tax ensures that U.S. companies remain competitive.
  • Finally, the U.S. safely rolls back climate regulations.

The council presented its plan, coauthored by several GOP senior statesmen, to Trump's economic adviser Gary Cohn in February.

For a deeper dive:

New York Times $, WSJ$, Bloomberg, Axios. Commentary: Washington Post, George Shultz and Lawrence Summers op-ed $, FT, Ted Halstead op-ed $

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

EcoWatch Daily Newsletter

American bison roaming Badlands National park, South Dakota. Prisma / Dukas / Universal Images Group / Getty Images

By Clay Bolt

On Oct. 11 people around the world celebrated the release of four plains bison onto a snow-covered butte in Badlands National Park, South Dakota.

Read More Show Less
An EPA sponsored cleanup of the toxic Gowanus Canal dredges a section of the canal of industrial debris on Oct. 28, 2016 in Brooklyn. The Gowanus is a Superfund site from years of industrial waste spilling into the water, and it is listed in GAO's report to be at risk from a climate disaster. Andrew Lichtenstein / Corbis / Getty Images

The climate crisis has put at least 945 designated toxic waste sites at severe risk of disaster from escalating wildfires, floods, rising seas and other climate-related disasters, according to a new study from the non-partisan Government Accountability Office (GAO), as the AP reported.

Read More Show Less
Sponsored
(L) Selma Three Stone Engagement Ring. (R) The Greener Diamond Farm Project. MiaDonna

By Bailey Hopp

If you had to choose a diamond for your engagement ring from below or above the ground, which would you pick … and why would you pick it? This is the main question consumers are facing when picking out their diamond engagement ring today. With a dramatic increase in demand for conflict-free lab-grown diamonds, the diamond industry is shifting right before our eyes.

Read More Show Less
Rob Greenfield pictured above is driven by the concept of "living a life where [he] can wake up and feel good about [his] life." Rob Greenfield / Facebook

For one year Rob Greenfield grew and foraged all of his own food. No grocery stores, no restaurants, no going to a bar for a drink, not even medicines from the pharmacy.

Read More Show Less
Apple has removed all 181 vaping-related apps from its App Store. VioletaStoimenova / E+ / Getty Images

Apple has removed all 181 vaping-related apps from its App Store, the company announced on Friday. The removal of the apps comes after thousands of people across the country have developed lung illnesses from vaping and 42 people have died.

Read More Show Less