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A Climate Fix That Stephen Hawking and Exxon Both Support
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.
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:
EcoWatch Daily Newsletter
At EcoWatch, our team knows that changing personal habits and taking actions that contribute to a better planet is an ongoing journey. Earth Day, happening on April 22, is a great reminder for all of us to learn more about the environmental costs of our behaviors like food waste or fast fashion.
To offer readers some inspiration this Earth Day, our team rounded up their top picks for films to watch. So, sit back and take in one of these documentary films this Earth Day. Maybe it will spark a small change you can make in your own life.
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