Time magazine’s resident Warmist, Justin Worland, notices another big company calling for a carbon tax, and wonders if this is the solution to solving ‘climate change’ (scam)
A Group of Big Businesses is Backing a Carbon Tax. Could It Be a Solution to Climate Change?
The long list of big companies backing a carbon tax as a solution to climate change grew this week with financial giant J.P. Morgan Chase & Co. endorsing a legislative plan billed as a centrist approach to reducing emissions.
The announcement comes as the Climate Leadership Council (CLC), the organization behind the proposal, which was first released in 2017, redoubles efforts to promote the plan before an expected introduction in Congress as the conversation around various climate solutions heats up in Washington.
The CLC announced new backers—including former Energy Secretary Ernest Moniz and former UN climate chief Christiana Figueres—and released internal poll numbers showing bipartisan voter support for the plan. Supporters now include a broad coalition of companies, from oil giants like ExxonMobil to tech behemoths like Microsoft, major environmental groups like Conservation International, and a range of economists and political leaders.
“The markets can and will do much to address climate change,†David Solomon, CEO of Goldman Sachs, a founding member of the CLC, told TIME in an emailed statement. “But given the magnitude and urgency of this challenge, governments must put a price on the cost of carbon.â€
You have to wonder what is in it for these companies to push a carbon tax. It’s certainly not a centrist approach to institute a massive new federal tax that will end up increasing the cost of living of U.S. citizens. Exxon and Microsoft won’t be paying it, nor will JP Morgan. Any hits to their portfolios will be passed on to consumers.
Still, big corporations increasingly see a carbon tax—especially a proposal like the CLC plan—as the simplest solution to a thorny problem. With clear science, activists in the streets and voters experiencing extreme weather events in their own backyards, business leaders see new climate rules as all but an inevitability, if not at the U.S. federal level then in states or other countries where they have operations.
What’s their angle? They wouldn’t be pushing it if they thought it was going to cost them money. They wouldn’t be pushing it if they didn’t think they could make some money off of it.
