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A carbon tax is a good idea — so long as it doesn’t come with industry handouts

October 12, 2018 by Abhay Sharma

(Source: Los Angeles Times) Exxon Mobil made a bit of a splash Tuesday when it announced a $1-million, two-year donation to the Republican-led Americans for Carbon Dividends, an organization pushing for a national tax to help curtail emissions of atmosphere-warming carbon. A carbon tax is aimed at making the burning of fossil fuels — which releases carbon — more expensive, and thus directing consumer behavior away from carbon-spewing energy and driving investment toward carbon-free alternatives. It’s a sound approach, one this page endorsed more than a decade ago, and better than the related cap-and-trade plans, which California has used since 2012. Read full article…

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