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Exxon, J&J, P&G, others united on carbon tax plan

from Bloomberg via Industry Week

Major oil, power and consumer products companies are releasing their most specific plans yet for a nationwide tax on carbon dioxide that promises to halve U.S. emissions of the greenhouse gas by 2035. The more detailed blueprint set to be unveiled by the Climate Leadership Council calls for a $40 tax to be levied on each ton of carbon dioxide, with the fee increasing at least 5% every year and proceeds rebated to American consumers. more


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