Carbon Tax

Valero Makes Case for U.S. Carbon Tax as Renewable Diesel, CCS Options Grow

Valero Makes Case for U.S. Carbon Tax as Renewable Diesel, CCS Options Grow

Valero Energy Corp., whose renewable fuels arm is expanding, signaled Thursday that the most efficient way to reduce U.S. emissions could be via a carbon tax. The San Antonio-based global refining giant’s management team shared a microphone to discuss first quarter performance and the outlook for the year. Valero has plenty of skin in the…

April 22, 2021
Canadian Carbon Tax to Climb 33% in April Following Favorable Court Ruling

Canadian Carbon Tax to Climb 33% in April Following Favorable Court Ruling

Canada’s carbon tax is set to increase on schedule in April after the country’s highest court on Thursday upheld the Trudeau government’s environmental policy. A six-judge majority on the nine-seat Supreme Court of Canada rejected provincial rights challenges against the levy by the Ontario, Alberta and Saskatchewan governments. The fossil fuel consumption tax, enacted by…

March 26, 2021
Vatican Calls for Carbon Tax, Investing in Alternative Energy

Vatican Calls for Carbon Tax, Investing in Alternative Energy

The Vatican has for the first time issued comprehensive environmental guidelines aimed at reducing pollution, decarbonizing the energy sector and investing in renewable energy. In a document titled, “Journeying for the Care of the Common Home,” the Vatican called for the reform of fossil fuel subsidies and the taxation of carbon dioxide emissions. It also…

June 23, 2020
Carbon Tax? Climate Change Solutions, Anybody? Fortune 500 CEOs Take Gauntlet

Carbon Tax? Climate Change Solutions, Anybody? Fortune 500 CEOs Take Gauntlet

Despite no traction on similar issues in recent years by esteemed leaders from both sides of the aisle, 13 Fortune 500 CEOs, including those from BP plc, Royal Dutch Shell plc, Dominion Energy, DTE Energy and PG&E Corp. called on President Trump and Congress to impose an economy-wide carbon pricing policy and enact climate change reforms.

May 17, 2019

In Bipartisan Move, House Lawmakers Introduce Landmark Carbon Tax Proposal

Three weeks into the lame duck period on Capitol Hill, a bipartisan group of House lawmakers has introduced a landmark proposal to enact a national carbon tax, from which all of the revenue would be returned as a rebate to taxpayers and some of their dependents.

November 28, 2018