Carbon Tax

Canada’s carbon tax alone on natural gas would nearly triple the current Alberta market price of the commodity as of 2030 if the Liberal-led federal government that won re-election Sept. 30 enforces its announced schedule for annual increases. The tax would jump to about C$9.00, or $7.20/MMBtu, according to Atco Gas’ Greg Caldwell, energy systems…

The White House said Thursday it is aiming for zero-emission electric vehicles (EV) to account for half of new vehicles sold in the United States by 2030. It also called for more stringent fuel economy standards. “Zero-emission” includes battery electric, plug-in hybrid electric, and fuel cell EVs, the White House said. President Biden was set…

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…

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…

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…

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.

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.