February 27, 2012 - Fighting climate change by taxing carbon pollution has been given a new lease on life. An op-ed appeared in the Washington Post within the last few days, authored by two current and two past members of Congress. The strategy they endorse addresses two sets of problems: fiscal and environmental. Carbon producers wish to pay as little tax as possible, and would find themselves taking a renewed interest in emissions reduction. At the same time, emissions are difficult to eliminate completely, thereby producing an income stream for the government. Can you say "deficit reduction?" Considering that Exxon and Chevron were two of the most profitable (nos. 1 and 3) businesses in the country last year - and that they accomplished this by shamelessly pouring toxins into the air that you and I breathe - the two companies not only are, without question, beholden to the citizens of this country, but plainly capable of paying the proposed tax....
Understanding the global-warming world: causes and ramifications.