BUSINESS: Another group supports taxing carbon

By District Energy posted 05-17-2019 00:00


Benjamin Storrow, E&E News


A dizzying number of corporate carbon tax initiatives are flying around Washington these days.

There's the Climate Leadership Council ( ), whose plan for a carbon dividend is supported by the likes of Exxon Mobil Corp., Allianz SE and AT&T Inc. And there's Lead on Carbon Pricing ( ) , which will lead Microsoft Corp., the Public Service Enterprise Group and 75 companies to Capitol Hill next week to advocate for the climate policy.

This week, it was the CEO Climate Dialogue's turn. The newly formed group, which counts executives from BASF SE, Ford Motor Co. and Shell Oil Co. among its members, released a list Monday of six principles. Chief among them: support for a carbon tax.

In releasing an outline rather than a policy proposal, the hope is to build momentum for a bipartisan solution, said Fred Krupp, president of the Environmental Defense Fund. He envisions the group holding discussions with members of Congress about the potential benefits of a carbon tax.

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