GM, Ford Among Companies Funding Carbon Tax

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Dec. 19, 2019—More companies from across the corporate spectrum are joining a long-shot advocacy effort to pass a carbon tax, reported Axios.

General Motors, Ford, IBM and two electricity companies are investing in a lobbying campaign that would put a price on CO2 emissions and refund revenue back to consumers.

General Motors, Ford and IBM each gave $100,000 to the campaign this year, while Vistra is giving $1 million over two years. 

The groups’ proposal would impose a $40-a-ton tax on CO2 emissions and cut U.S. carbon emissions in half by 2035.

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