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Washington introduces ‘cap-and-invest’ program to charge companies for CO2 emissions

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Washington’s new law requires businesses that emit over 25,000 metric tons of carbon annually to pay for each metric ton in total. The state joins 14 others that have implemented some form of a program that sets declining caps on emissions from companies.

“A cap-and-trade program is a way of giving everyone incentive to take the damage of CO2 into account,” said Bill Shobe, a professor of public policy at the University of Virginia. “We take the money that we earn from protecting the atmosphere and plow it right back into the economy.”

Cap-and-trade programs have been touted for decades as an effective way to reduce emissions. The Bushwas the first to implement a cap-and-trade program on a large scale, with the “Clear Skies Initiative” aimed at reducing sulfur dioxide pollution, which causes acid rain. Programs similar to this one were viewed as bipartisan until the Obama administration sought to curb carbon emissions.

The Washington legislation stipulates that 35% of the proceeds will be reinvested into communities disproportionately impacted by pollution and an additional 10% will be funneled to back tribal-supported projects.

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So the intent is to pay back nature with emissions fine money for damage done? It just may be cost effective for a company to pollute. This is a means to a not well thought out end!

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Big government at its worst on climate change.

Socialists and Marxists enforcing a fake agenda.

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Washington moves forward with program to charge companies for greenhouse gas emissionsWashington state's cap-and-invest program imposes a statewide limit, or cap, on planet-warming greenhouse gas emissions. Awesome! Take note TX, AL, TN, KY and SC. I am sure BA, Apple and a few other companies would be happy to move to a business friendly state.
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