Sen. Chris Van Hollen (D-Md.) is leading a push for $500 billion in fees over 10 years on large fossil fuel companies to help finance climate initiatives
The New York Times has more
on the plan, which assesses fees on fossil fuel producers and refiners based on their emissions from 2000 to 2019.Whether the plan has any chance of advancing. Aides to Senate Majority Leader Chuck Schumer declined to comment.The Maryland senator described it as something on the menu of options to help finance the reconciliation package, which has several climate initiatives.Van Hollen also said he plans to sit down with Sen. Joe Manchin to discuss the idea.
However, the plan's construction would likely limit its effect on fossil fuel interests active in his state, especially coal producers. That's due to the emissions threshold for companies facing fees and exemptions for firms in financial distress.The ClearView note says that while the plan is a longshot, it's "another sign that domestic climate debate may be moving further past the market-based modalities of yesteryear and deeper into more command-oriented terrain."Our goal is to create a safe and engaging place for users to connect over interests and passions.
Down in Tennessee, a Republican stronghold where GOP lawmakers are going out of their way to strip Black folks and other marginalized people of their right to vote over imaginary voter fraud fears, another conservative conspiracy is underway: fears over critical race theory, an academic framework that explores how policies and laws inform systemic racism.
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