Well, it’s really on the fossil fuels companies, but, it will be you paying it through higher prices on everything
Democrats seek to tax fossil fuel companies over climate change
A large group of Democrats is looking to force the fossil fuel industry to pay for climate change.
Lawmakers unveiled a bill Thursday that would allow the Treasury Department to impose fees on major fossil fuel companies that are owned or operated in the U.S.
The legislation seeks to establish a $1 trillion fund that companies would have to pay into based on their share of planet-warming emissions. The money would go toward infrastructure upgrades, cleaning up pollution and providing assistance after climate-related disasters.
Oh, cool, a slush fund for Democrats to line their pockets and hook up their big campaign supporters
“After fueling the climate crisis for decades, big polluters can no longer run from their responsibility to address the harm they have done,” said Sen. Chris Van Hollen (D-Md.), the bill’s Senate sponsor, in a written statement. The bill’s House sponsors are Reps. Jerry Nadler (D-N.Y.) and Judy Chu (D-Calif.).
None of whom have given up their own fossil fueled travel. Yes, it matters.
The bill would also likely face an uphill battle under almost any Senate composition given the upper chamber’s 60-vote threshold for avoiding a filibuster.
Even if Democrats regain the House, it won’t pass the Senate. However, this tells you exactly what they want to do. You think food is expensive now? How about your energy bill? Just wait.
