"New Group, With Conservative Credentials, Plans Push for a Carbon Tax"

"Proponents of a market-oriented plan to fight climate change by taxing greenhouse gas emissions and giving the revenue to American taxpayers are starting a campaign to run advertisements as early as this fall and introduce legislation in Congress as early as next year.

The plan’s supporters have formed a group called Americans for Carbon Dividends that will lobby for the proposal. The group plans its first event on Wednesday and includes a number of well-known members, including Trent Lott, the former Senate Republican leader from Mississippi, and Janet L. Yellen, who led the Federal Reserve under President Barack Obama.

The initiative has already won endorsements from some environmental groups, like Conservation International; fossil fuel giants like Exxon Mobil, Shell and BP; and major companies in renewable and nuclear energy and consumer goods."

John Schwartz reports for the New York Times June 19, 2018.

Source: NY Times, 06/22/2018