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ExxonMobil, BP and Shell Sign On for Carbon Tax Plan

ExxonMobil is joining its peers Royal Dutch Shell, BP and Total in backing a U.S. carbon-tax-and-dividend plan put forward by former Republican leaders.

The plan is to charge $40 per ton of carbon dioxide emitted (about $0.36 per gallon of gasoline) and return that money to taxpayers as a monthly dividend. The carbon penalty will rise over time, squeezing demand for fossil fuels.

While the plan is backed by old-guard conservatives, the Trump administration isn't likely to budge on pricing carbon.

But there is also this.
The proposal would also shield companies from litigation about their contribution to climate change -- something Exxon may find appealing.
More in the link.
https://www.greentechmedia.com/articles/read/exxon-shell-total-fossil-fuel-supermajors-carbon-tax-plan
EDIT: Can the mod move this thread to the off topic.
 
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