Washington could pass nation's first state carbon tax [MSNBC.com]
Phillips 66 (PSX)
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Source: MSNBC.com
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. Oct. 31, 2018 / 10:18 PM GMT By James Rainey In a midterm election season packed with talk about jobs, health care, immigration and, especially, the performance of President Donald Trump, there has been little attention paid to what scientists say is humanity’s most pressing problem — climate change. The one exception is the state of Washington, where a ballot measure to impose the nation’s first state tax on carbon pollution could create a model for reining in greenhouse gases. Initiative 1631 has inspired record spending, feisty debate and the intervention of powerful interests — from oil companies to Microsoft co-founder Bill Gates to former New York Mayor Michael Bloomberg. Two years after Washingtonians rejected a similar measure, an early-October poll showed the new carbon tax standing right at the majority needed for passage.
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