Open in TheBrain

am for carbon dividends

<p><span style="background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">&nbsp;=</font></span></p><div style="font-size: small; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">=</font></div><div style="font-size: small; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">ref clc</font></div><div style="font-size: small; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman"><a href="https://www.climatedocket.com/2018/10/09/exxon-carbon-tax-climate-liability/" style="font-weight: bold; color: rgb(0, 51, 153); outline: none;">https://www.climatedocket.com/<b>2018/10</b>/09/exxon-carbon-tax-climate-liability/</a></font></div><div style="font-size: small; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">
</font></div><div style="font-size: small;"><span style="background-color: rgb(255, 255, 255); box-sizing: border-box; font-weight: 700;"><font size="4" face="Times New Roman">&nbsp;Savage</font></span><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;" /><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><font size="4" face="Times New Roman" style="background-color: rgb(255, 255, 102);"><span style="box-sizing: border-box;">Exxon has announced it will pledge $1 million to Americans for Carbon Dividends, an advocacy campaign that backs a carbon tax plan, but one that would be coupled with rollbacks to environmental regulations and</span><a href="https://www.climatedocket.com/2018/07/17/carbon-tax-climate-liability-waiver/" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><span style="box-sizing: border-box;">&nbsp;ending climate liability suits</span></a><span style="box-sizing: border-box;">.</span></font></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><font size="4" face="Times New Roman" style="background-color: rgb(255, 255, 102);"><span style="box-sizing: border-box;">The Baker-Schultz Plan—named for its lead authors, former secretaries of state James A. Baker III and George P. Shultz—</span><a href="https://www.clcouncil.org/our-plan/" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><span style="box-sizing: border-box;">proposes</span></a><span style="box-sizing: border-box;">&nbsp;a gradually rising carbon tax, with 100 percent of the proceeds paid to Americans in a monthly dividend. It was unveiled last year by the</span><a href="https://www.clcouncil.org/our-plan/" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;">&nbsp;<span style="box-sizing: border-box;">Climate Leadership Council</span></a><span style="box-sizing: border-box;">, a nonprofit policy institute founded by author and policy entrepreneur Ted Halstead.</span></font></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box; background-color: rgb(255, 255, 102);"><font size="4" face="Times New Roman"><b>The council’s founding members include Exxon and other oil and corporate giants—among them, BP, Shell</b>, Johnson & Johnson—as well as former New York Mayor Michael Bloomberg and former fed chairman<b>&nbsp;Ben Bernanke.&nbsp;</b>Greg Bertelsen, the council’s senior vice president, called Exxon’s donation a significant step in U.S. climate policy.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">“It represents the first time an oil and gas oil major has made a significant contribution in support of a campaign to put a price on carbon,” said<span style="background-color: rgb(255, 255, 102);">&nbsp;Bertelsen, who formerly served as senior director for energy and resources policy for the<b>&nbsp;National Association of Manufacturers.</b></span></font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman"><span style="background-color: rgb(255, 153, 0);">In return for what is a modest tax, the Baker-Schultz plan also calls for the rollback of greenhouse gas emissions regulations and an “end to federal and state tort liability for emitters.”</span>&nbsp;<b>That means the federal government would no longer have the ability to regulate climate pollutants and courts would have no role in determining whether industry should pay for impacts already caused by fossil fuel-driven global warming.</b></font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman"><b>Kert Davies, director of the Climate Investigations Center, said it’s significant that when the plan was launched, no corporate members were involved publically.</b></font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box; background-color: rgb(255, 255, 102);"><font size="4" face="Times New Roman">“The most interesting thing to me is how Exxon has been behind this the whole way but was intentionally hidden from view,” Davies said.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">“Are they shy? No, they know the optics,” he added.</font></span></p><p style="margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><font size="4" face="Times New Roman" style=""><span style="box-sizing: border-box;"><b style="background-color: rgb(255, 153, 0);">Americans For Carbon Dividends</b><span style="background-color: rgb(255, 255, 102);"> is</span></span><a href="https://www.afcd.org/" style="background-color: rgb(255, 255, 102); text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;">&nbsp;<span style="box-sizing: border-box;">co-chaired</span></a><span style="background-color: rgb(255, 255, 102); box-sizing: border-box;">&nbsp;by former&nbsp;<b>Senators Trent Lott (R-Miss.) and John Breaux (D-La.), whose lobbying firm</b></span><a href="https://www.prnewswire.com/news-releases/industry-backed-campaign-co-chaired-by-senators-breaux--lott-launches-to-promote-baker-shultz-carbon-dividends-plan-300669163.html" style="background-color: rgb(255, 255, 102); text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><b>&nbsp;<span style="box-sizing: border-box;">was hired</span></b></a><span style="background-color: rgb(255, 255, 102); box-sizing: border-box;"><b>&nbsp;to promote the plan.&nbsp;</b>And according to its</span><a href="https://www.afcd.org/leadership" style="background-color: rgb(255, 255, 102); text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;">&nbsp;<span style="box-sizing: border-box;">website</span></a><span style="background-color: rgb(255, 255, 102); box-sizing: border-box;">, its communications is being l<b>ed by Richard Keil, a former senior media relations advisor for Exxon.&nbsp;</b>Keil is listed as a managing director for&nbsp;<b>Hill+Knowlton, the firm that once represented tobacco companies</b>&nbsp;as they tried to escape liability for the devastating health effects of smoking.</span></font></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><font size="4" face="Times New Roman" style="background-color: rgb(255, 153, 102);"><span style="box-sizing: border-box;">Exxon’s announcement came a day after the United Nations’ Intergovernmental Panel on Climate Change issued</span><a href="https://www.ipcc.ch/report/sr15/" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><span style="box-sizing: border-box;">&nbsp;a landmark report</span></a><span style="box-sizing: border-box;">&nbsp;warning that climate change is a much more dire and immediate problem than previously thought. In the report, scientists call for “unprecedented” action that would be needed to combat the effects of climate change.</span></font></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">To prevent catastrophic climate change, carbon emissions must be reduced by 45 percent from 2010 levels by 2030 and 100 percent by 2050, the report says. The use of renewable energy to generate electricity must increase from about 20 percent today to about 67 percent by 2050. It also calls for a robust carbon tax, large enough to raise the cost of fossil fuels to drive down their use and raise enough money to offset their detrimental impact on the climate.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">“A price on carbon is central to prompt mitigation,” said the report’s authors. They estimate that to achieve needed emissions reductions, the price per ton of carbon dioxide pollution must range from $135 to $5,500 in 2030, and from $690 to $27,000 per ton by 2100.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><font size="4" face="Times New Roman"><a href="https://www.umass.edu/economics/sites/default/files/Fremstad_Paul.pdf" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><span style="box-sizing: border-box;">A recent study</span></a><span style="box-sizing: border-box;">&nbsp;by the University of Massachusetts found a carbon tax would have to reach $200 a ton to change consumer behavior and to keep low-income consumers from absorbing a disproportionately high amount of the costs.</span></font></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman"><b>The Baker-Schulz Plan starts the tax at $40 per metric ton, far below what the studies say would significantly reduce emissions. The plan does not specify how much it will rise or how the increases will be determine</b>d.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">Bertelsen said that’s a detail that will be worked out over time by the council’s founding members, which in addition to the oil giants includes corporate giants P & G, Johnson & Johnson, Pepsico, and Exelon. Bernanke, Bloomberg and former EPA administrator Christine Todd Whitman are also founding members, along with the environmental organization The Nature Conservancy.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">When asked repeatedly whether founding members would reconsider their stance on climate litigation, Bertelsen would only say that the Council is focused on solving the climate problem and transitioning to a low-carbon economy.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><font size="4" face="Times New Roman"><span style="box-sizing: border-box;">Exxon spokesman Scott Silvestri&nbsp;</span><a href="https://www.bloomberg.com/amp/news/articles/2018-10-09/exxon-puts-1-million-into-quest-for-carbon-tax-and-rebate-plan" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><span style="box-sizing: border-box;">told Bloomberg</span></a><span style="box-sizing: border-box;">&nbsp;that applying a uniform cost across the economy is consistent with Exxon’s principles on how to manage the risk of climate change. H<span style="background-color: rgb(255, 255, 102);">e said the company has consistently backed a carbon tax that returns proceeds to the public and not the government, but Exxon&nbsp;</span></span><span style="background-color: rgb(255, 255, 102);"><a href="https://insideclimatenews.org/news/18122015/exxon-mobil-carbon-tax-rhetoric-or-reality-climate-change-rex-tillerson" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; box-sizing: border-box; transition: all 0.1s ease-in-out 0s;"><span style="box-sizing: border-box;">has also long supported organizations</span></a><span style="box-sizing: border-box;">&nbsp;like the American Legislative Exchange Council that have lobbied vigorously against carbon taxes of any kind.</span></span></font></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">Under the plan, U.S. taxpayers would benefit from monthly dividend payments, but none of the proceeds would help cities and states pay the skyrocketing costs of climate mitigation and adaptation.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman">Peter Frumhoff, director of science and policy and chief climate scientist at the Union of Concerned Scientists, said he remains skeptical and suggested the oil giant lay out a plan for bringing company-wide carbon emissions to net-zero by mid-century. That would be consistent with the Paris Climate Agreement that Exxon also says it supports.</font></span></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 26px; box-sizing: border-box; padding: 0px;"><span style="box-sizing: border-box;"><font size="4" face="Times New Roman"><span style="background-color: rgb(255, 153, 0);">“I’ll take ExxonMobil claims of support for a carbon dividend seriously when it stops providing far larger sums to the U.S. Chamber of Commerce and other lobbying groups that oppose the same climate policies</span>,” Frumhoff said.</font></span></p></div><div style="font-size: small; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">
</font></div><p style="margin-top: 8px; margin-bottom: 8px; font-size: small; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman"></font></p><p><span style="background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman">=</font></span></p><p><span style="background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman"><a href="https://www.alternet.org/environment/exxonmobils-support-carbon-tax-total-sham">https://www.alternet.org/environment/exxonmobils-support-carbon-tax-total-sham</a></font></span></p><p><font size="4" face="Times New Roman"><b><span style="background-color: rgb(255, 255, 255);">E</span><span style="background-color: rgb(255, 255, 255);">xxonMobil executives just had another opportunity to convince skeptics that their support for a carbon tax is genuine.</span></b></font></p><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255); line-height: 32px !important;"><font size="4" face="Times New Roman"><b>They blew it.</b></font></p><p style="margin: 0px 0px 22px; line-height: 32px !important;"><font size="4" face="Times New Roman"><span style="background-color: rgb(255, 255, 255);">On July 23, Rep. Carlos Curbelo (R-FL-26) introduced a&nbsp;</span><a href="https://curbelo.house.gov/uploadedfiles/ewbmisc001_xml.pdf" style="background-color: rgb(255, 255, 255); text-decoration-line: none;">bill</a><span style="background-color: rgb(255, 255, 255);">&nbsp;that would place a $24 per ton tax on carbon emissions and dedicate 70 percent of the revenue to rebuilding U.S. infrastructure.&nbsp; ExxonMobil’s reaction?&nbsp;</span><span style="background-color: rgb(255, 255, 102);">“We appreciate Rep. Curbelo’s effort to help generate a constructive discussion on this important issue” was all a company spokesman was&nbsp;<a href="https://www.houstonchronicle.com/business/article/CARBON-TAX-BILL-13098954.php" style="text-decoration-line: none;">willing to say</a>.</span></font></p><p style="margin: 0px 0px 22px; line-height: 32px !important;"><font size="4" face="Times New Roman" style="background-color: rgb(255, 255, 102);">ExxonMobil’s reluctance to seriously engage, however, should not come as a surprise.</font></p><p style="margin: 0px 0px 22px; line-height: 32px !important;"><font size="4" face="Times New Roman" style="background-color: rgb(255, 255, 102);">Yes, the company has consistently paid lip service to a carbon tax since 2009. And yes, it is a founding member of the&nbsp;<b><a href="https://www.clcouncil.org/" style="text-decoration-line: none;">Climate Leadership Council</a>—which supports a $40 per ton carbon tax—and it recently endorsed Americans for Carbon Dividends</b>, a new bipartisan lobby group promoting a carbon tax that would return revenues to taxpayers.</font></p><p style="margin: 0px 0px 22px; line-height: 32px !important;"><font size="4" face="Times New Roman" style="background-color: rgb(255, 255, 102);">But more telling is the fact that the oil giant has never publicly supported a carbon tax bill and consistently funds members of Congress who&nbsp;<em>oppose</em>&nbsp;a carbon tax.</font></p><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255); line-height: 32px !important;"><font size="4" face="Times New Roman">How does that square with the company’s avowed position?</font></p><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255); line-height: 32px !important;"><strong><font size="4" face="Times New Roman">Just say no</font></strong></p><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255); line-height: 32px !important;"><font size="4" face="Times New Roman">It doesn’t.</font></p><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255); line-height: 32px !important;"><font size="4" face="Times New Roman">Curbelo’s bill is hardly the first carbon tax legislation that ExxonMobil has snubbed. When Rep. Ted Lieu (D-CA-33)&nbsp;<a href="https://insideclimatenews.org/news/18122015/exxon-mobil-carbon-tax-rhetoric-or-reality-climate-change-rex-tillerson" style="text-decoration-line: none;">asked</a>&nbsp;ExxonMobil lobbyists to support a carbon tax bill in 2015, they refused. And when Sens. Sheldon Whitehouse (D-RI) and Brian Schatz (D-HI) introduced the “American Opportunity Carbon Fee Act” in 2016, the company would not endorse their bill or lobby on its behalf.</font></p>