‘This Is a Scam’: ExxonMobil-Backed Carbon Tax Will Not Save the Planet

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(CD— Amid warnings from the Intergovernmental Panel on Local weather Change (IPCC) that there’s a closing window to behave to forestall a local weather disaster—and critiques that its report launched Monday was far too conservative—critics are calling out ExxonMobil for pledging a $1 million contribution to a campaign for a carbon tax as a sneaky try to manage the talk on local weather motion and dodge higher monetary legal responsibility.

“It is a rip-off: Exxon desires an excellent low value on carbon to allow them to increase their pure gasoline enterprise and keep away from different laws,” 350.org co-founder Jamie Henn responded in a collection of tweets.

“Learn the advantageous print,” Henn continued. “As a part of the deal for supporting a value on carbon, Exxon desires to be free of all local weather legal responsibility. They know that similar to Massive Tobacco they may very well be on the hook for billions in damages for mendacity about local weather change.”

Progressives and local weather campaigners have argued each for and in opposition to market-based options corresponding to a carbon tax, however have tended to agree that fossil gas giants again such proposals not as a result of they assist local weather motion, however as a result of they need to undermine efforts corresponding to lawsuits which have sought to carry Exxon and different oil and gasoline producers accountable for his or her a long time of denialism and contributions to the worldwide local weather disaster.

“Market-based carbon pricing schemes are a false resolution to local weather change, and a harmful distraction from the pressing transition to a very clear, renewable vitality future we should undertake now,” Meals & Water Watch government director Wenonah Hauter stated in a statement on Tuesday.

“It comes as no shock that ExxonMobil and different oil corporations are calling for something and the whole lot in need of transferring off fossil fuels fully—most notably, the unwieldy and unproven idea of carbon taxes,” Hauter added. “The IPCC report acknowledges that carbon taxes must be extremely excessive to make even a dent within the disaster.”

Responding to Exxon’s newest transfer, Kate Aronoff, who has written extensively concerning the local weather disaster, stated, “It’s not some huge cash, however they’re not very subtly making an attempt to stake a declare to no matter local weather coverage debate occurs.” She additionally famous that the tax proposed by the Exxon marketing campaign group, Individuals For Carbon Dividends, “is method too low.”

Referencing a brand new analysis from Alex Kaufman on the Huffington Publish on the potential influence of a carbon tax, Henn identified: “DC-types love carbon pricing however often fail to say that there’s no political method you possibly can get the worth excessive sufficient to really remedy the local weather drawback. It’s just one piece of the puzzle.”

Writing throughout the context of the IPCC report launched Monday, Kaufman outlined how its warnings—nevertheless conservative, when in comparison with different latest local weather research—challenged however “doesn’t appear to have shaken many Republican local weather hawks’ religion that market tweaks alone can ship the unprecedented emissions cuts wanted to avert catastrophe.”

Whereas Josiah Neeley, a senior fellow on the right-wing local weather coverage suppose tank R Road Institute, insisted to Kaufman that “a market-based, revenue-neutral carbon tax is completely able to attaining speedy decarbonization as is named for within the new IPCC report,” the precise authors of the report don’t agree. As Kaufman famous:

Requested throughout an IPCC press convention on Sunday evening if carbon pricing may radically overhaul the worldwide financial system within the subsequent decade, two IPCC authors began to snigger. James Skea, a co-chair of an IPCC working group, stated it was “one amongst that portfolio of devices that can be utilized” however couldn’t function a panacea.

“There are some areas the place carbon pricing might not be essentially the most applicable method,” he stated from Incheon, South Korea.

Referencing Kaufman’s article and the IPCC report on Twitter Monday, Invoice McKibben, one other co-founder of 350.org, additionally concluded: “One takeaway from right this moment’s local weather report is that we’ve waited lengthy sufficient that nearly no-one thinks a carbon value alone can get us the place we have to go. It’s one a part of a ‘portfolio of options.’”

Hauter, in the meantime, urged Congress to go the Off Fossil Fuels for a Higher Future Act (OFF Act)—unveiled by Rep. Tulsi Gabbard (D-Hawaii) final 12 months—which she known as “essentially the most formidable local weather laws ever launched.”

“The alarming findings of the most recent IPCC report,” Hauter charged, “validate an aggressive method to deepening local weather chaos that scientists, advocates, and elected officers throughout the nation are steadily endorsing: a speedy transition off fossil fuels that will make our society virtually fully reliant on clear, renewable vitality within the subsequent ten years.