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ExxonMobil Contributes $1Mn to Promote Carbon Tax (Ind. Report)
EXXON, Climate Leadership Council
Date: 2019-12-09
The Americans for Carbon Dividends (ACD) political action group is reporting Houston-headquartered oil industry giant ExxonMobil Corp. has made a $1 million donation to ADC's lobbying campaign to promote a U.S. tax on CO2 emissions, a central factor in global warming. The contribution came less than a month after the oil giant agreed to contribute $100 million to oil companies' efforts to develop technologies to reduce greenhouse gas emissions.

The ADC aims to spend $5 million on an initial lobbying campaign to win support for the tax, said , senior vice president at the group. PAC is looking to build legislative support for its carbon tax. It proposes an initial $40 a ton tax on carbon dioxide that would increase over time, with the money raised to be returned to consumers. The PAC has raised $1 million each from Exelon Corp, First Solar Inc and the American Wind Energy Association and expects to reach its goal of a $5 million in coming months. (Source: Exxon, Denton Daily, Reuters, 8 Dec., 2019) Contact: Climate Leadership Council, Greg Bertelsen, www.clcouncil.org; Americans for Carbon Dividends, www.afcd.org

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