Posts

Australia’s New Prime Minister Scraps Carbon Tax and Halts Asylum-Seeking Boats

/2 Comments/in , /by

Photo Credit: AFP

Photo Credit: AFP

Tony Abbott was sworn in as Australia’s new prime minister on Wednesday and immediately ordered the scrapping of the nation’s carbon tax and the halting of asylum-seeker boats.

The 55-year-old conservative launched straight into work with a cabinet meeting after the ceremony at Government House in Canberra where his Liberal/National government officially brought six years of Labor rule to a close.

“Today is not just a ceremonial day, it’s an action day. The Australian people expect us to get straight down to business and that’s exactly what this government will do,” said, Abbott, a political hardman who has worked to soften his macho image in recent months.

In presenting his frontbench team to Governor-General Quentin Bryce, he added: “We will be a problem-solving government based on values not ideology.”

Abbott was elected on September 7 on a pledge to quickly scrap taxes on corporate pollution and mining profits imposed under Labor, as well as introducing a costly paid parental leave scheme and a vow to build new roads across the vast nation.

Read more from this story HERE.

GOP Targets Alaska’s Mark Begich Over Carbon Tax

/0 Comments/in , /by

Photo Credit: AP

Photo Credit: AP

The National Republican Senatorial Committee Wednesday will launch a robo-call campaign in Alaska targeting Sen. Mark Begich for his support of a carbon tax.

NRSC plans to call nearly 70,000 households statewide about what it calls the Alaska Democrat’s “steadfast support for the costly carbon tax,” according to a script of the calls provided to POLITICO. A carbon tax means “more EPA red tape regulation,” says the script, which cites National Association of Manufacturers’ data to contend it would increase electricity, natural gas and gasoline prices and hurt Alaskan jobs.

“Sen. Begich didn’t paint that picture for you did he?” says the script. “Higher taxes, higher energy costs and Sen. Begich just don’t work for Alaska.”

The NRSC is aiming the calls at all female voters and likely male swing voters across the state.

The claims are based on Begich’s support for a non-binding amendment to this year’s budget resolution by Sen. Sheldon Whitehouse (D-R.I.) that would have called for any revenue generated by a carbon tax to be “returned to the American people in the form of federal deficit reduction, reduced federal tax rates, cost savings or other direct benefits.”

Read more from this story HERE.

Support for Carbon Tax Growing in US Senate

/5 Comments/in , /by

Photo Credit: Daily Caller

Montana Democrat Sen. Max Baucus, chairman of the Senate Finance Committee, announced that interest in a carbon tax is “creeping up” and that “everything is on the table.”

“There are more members of the Senate now who openly talk about that than I have experienced. It is creeping up a little bit. Is that going to rise to the level of where it is a very strong, serious provision? I don’t know. But I am not going to pre-judge it,” Baucus said at a Christian Science Monitor event…

Next month, the Senate Environment and Public Works Committee will take up carbon tax legislation introduced by California Democratic Sen. Barbara Boxer and Vermont independent Sen. Bernie Sanders. Their bill would put a gradually rising tax on carbon dioxide emissions to help fund green energy projects.

Democrats have been selling the carbon tax to conservatives as a way to address global warming and reduce the deficit. According to the CBO, the Boxer-Sanders bill would raise $1.2 trillion over the next decade and 60 percent of that revenue would be used to offset higher energy bills…

[Critics see it differently:] “It’s not just energy prices that would skyrocket from a carbon tax. The cost of nearly everything built in America would go up,” said Louisiana Republican Sen. David Vitter. “Let’s not lose sight of how big of a dud cap and trade was in 2009, or as it came to be known, cap and tax. This is really no different.”

Read more from this story HERE.

Carbon-Tax Advocate Pays $32k to Lobby Obama for 2 Minutes So He Can Sell More Electric Cars

/4 Comments/in , /by

Photo Credit: Paul Scott

A Los Angeles car salesman and electric car advocate is shelling $32,400 out of his retirement savings so he can make a pitch directly to President Obama at a “private, off-the-record” Democratic fundraiser next week.

Paul Scott, 60, says he isn’t a rich guy. He’s a $50,000-a-year Nissan salesman who plans to rub elbows with 24 bigwigs in a private luncheon that he says will put a crimp in his retirement plans.

But he says the goal is worthwhile. He wants to make a few points to Obama about on how to better support electric cars — a cause that Obama already embraces — and thought the private audience would be a fine way to do it.

So when a solicitation came for the fundraiser, Scott says he was told that he’d get a chance sometime over the luncheon to offer his advice directly to the president. “That was something I had to confirm before I wrote the check,” Scott says. At least two minutes, probably no more than four, he says he was told.

Read more from this story HERE.

IMF Agrees With Obama: End Fossil Fuel Subsidies, Tax Carbon

/0 Comments/in , /by

Photo Credit: infomatique

The International Monetary Fund on Wednesday promoted ending fossil fuel subsidies and taxing carbon emissions to discourage excessive energy consumption and combat climate change.

“The link between subsidies, consumption of energy and climate change has added a new dimension to the debate on energy subsides,” David Lipton, IMF first deputy managing director, said in prepared remarks at a Washington event hosted by the Peterson Institute for International Economics.

President Obama’s political goals include stripping back those subsidies. The White House and congressional Democrats want to remove about $4 billion in annual tax provisions awarded to the oil-and-gas industry.

Oil-and-gas interests, and their Republican allies, say the provisions are cost-recovery mechanisms and business deductions that other industries also claim.

In 2011, nations doled out roughly $480 billion of “pre-tax” incentives, which are “when consumers pay less than supply cost of energy,” Lipton explained. They are generally found in emerging economies, according to an IMF report released Wednesday.

Read more from this story HERE.

Obama’s Energy Nominee: We Need Carbon Tax To Double Or Triple Energy Cost (+video)

/0 Comments/in , /by

Photo Credit: jeanbaptisteparis

President Obama’s Energy secretary nominee regards a carbon tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most…

“Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few decades, well, that could double; it could eventually triple. I think inevitably if we squeeze down on carbon, we squeeze up on the cost, it brings along with it a push toward efficiency; it brings along with it a push towards clean technologies in a conventional pollution sense; it brings along with it a push towards security. Because after all, the security issues revolve around carbon bearing fuels.”

Moniz position is not far from that of Energy Secretary Steven Chu before he took a job in the Obama administration. “We have to figure out how to boost the price of gasoline to the levels in Europe,” Chu said in 2008. Last year, gas hit $9 a gallon in Greece.

Watch video here:

Read more from this story HERE.

Al Gore Says Now Is The Time For A Carbon Tax

/0 Comments/in , /by

Photo Credit: Daily Caller

Former Vice President Al Gore published a blog post on his website entitled “‘The time has come’ for a carbon tax,” which includes excerpts from an editorial from the Financial Times which endorses a carbon tax.

“Taxes are always a regrettable necessity, but some are less regrettable than others,” the FT editorial reads. “A tax that strengthens energy security and cuts pollution, while minimising the damage done to employment and investment, is one of the least regrettable of all.”

“Yet a carbon tax, which has all those characteristics, is struggling to find support from the US administration or in Congress,” the editorial continues. “It deserves much wider enthusiasm.”

President Obama has made addressing climate change a top priority for his second term, promising to use his executive authority to act on the issue if Congress failed to pass act on it first. However, the administration has repeatedly said it is not planning to propose a carbon tax.

Congressional Democrats have recently been pushing legislation that would put a price on carbon dioxide emissions in order to raise revenues and address global warming.

Read more from this story HERE.

Carbon Tax Hallucinations

/5 Comments/in , , /by

Average planetary temperatures haven’t budged in 16 years. Hurricanes and strong tornadoes are at or near their lowest ebb in decades. Global sea ice is back to normal, while the Antarctic icepack continues to grow. The rate of sea level rise remains what it was in 1900.

And yet, President Obama and many politicians, newscasters and alarmist scientists continue to insist that carbon dioxide emissions are changing Earth’s climate, and we need to take immediate action to prevent storms like Hurricane Sandy and avert catastrophes predicted by IPCC computer models and “scientific consensus.” Not surprisingly, polls show public support for controlling CO2 output and taxing hydrocarbon use – to “ensure climate security” and “save vital federal programs” from budgetary axes.

As the liberal lobby Think Progress put it, people “overwhelmingly” prefer a carbon tax on “big polluters” versus cuts in favorite programs “like education, Social Security, Medicare and environmental protection.”

Five-alarm climate claims, skewed polling questions and phony taxes-versus-grandma budget alternatives will almost always ensure support for carbon taxes – especially among Bigger Government and Ban Fossil Fuels constituencies. More rational analysis reveals that dreams of hundred-billion-dollar windfalls from slapping regressive new taxes on job creation and economic growth are nothing more than dangerous tax revenue hallucinations. They would bring intense pain for no climate or economic gain.

Employing Energy Information Administration data, a recent Heritage Foundation study by economists David Kreutzer and Nicolas Loris found that a tax starting at $25-per-ton of CO2 emitted and increasing by 5% per year would cut a family of four’s income by $1,400 annually, raise their utility bills by $500 a year, and increase gasoline fill-ups by up to 50 cents per gallon. That’s $2,000 a year chopped from their budget for food, vacations, home and car payments and repairs, college and retirement savings, dental and medical care, and overall quality of life.

Read more from this story HERE.

Taxing the Planet Clean: Boxer, Sanders call for $1.2 Trillion Carbon Tax

/6 Comments/in , , /by

Photo Credit: APSens. Bernie Sanders (I., Vt.) and Barbara Boxer (D., Calif.) announced they will introduce sweeping new energy regulations, including a carbon tax, during a Thursday press conference.

The proposed legislation would use a tax on carbon emissions to fund “historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal, and biomass,” according to a press release.

“We have the opportunity right now, with the president’s commitment in the State of the Union to make major progress,” Sanders said at the press conference. President Barack Obama called for “meaningful” action on climate change in his State of the Union address Tuesday, and Boxer said her bill was in line with the president’s goals.

“The president is right—we must do more to combat climate change, and Superstorm Sandy was a wake-up call,” Boxer said in a statement. “I strongly support the president’s efforts to move forward with executive actions to address this serious threat.”

Sanders said the bill’s tax—$20 per ton of carbon dioxide above a set limit—would target 2,869 of the country’s biggest carbon emitters, including coalmines, oil refineries, and natural gas processing points.

Read more from this story HERE.

Chicago-Style Diplomacy: Obama May Require Carbon Tax of Canada for Approval of Keystone Pipeline

/2 Comments/in , /by

Photo Credit: Bloomberg Hello Canada! Are you ready — ready for a new national tax on carbon that will ding pocketbooks across the country? My bet is that a new carbon tax is coming, made almost inevitable by Prime Minister Stephen Harper’s full-bore push to secure Washington’s approval of the Keystone XL pipeline.

For early clues on the carbon tax/Keystone trade-off, tune in Tuesday night to President Barack Obama’s State of the Union address. As the president speaks, he will be alert to the chorus of Hollywood stars, environmental activists, editorial writers and industry leaders who are pushing for him to make the biggest climate-change decision he can possibly make: Impose a carbon tax.

It is time Canadians became aware of the giant trap being set in Washington over Keystone. The short version is this: The president approves Keystone, greatly expanding the flow of Canadian oil sands production into the United States. In return, however, Canada has no choice but to accept a carbon tax at home as part of a grand bargain.

I first mentioned the likely Obama pipelines-for-taxes strategy in comments at the annual Financial Post forecast luncheon at the New Year. “I see new taxes coming in the United States, including an energy or carbon tax, to try to cover the deficits. The new energy tax would serve as partial cover for President Obama’s approval of the Keystone XL pipeline.”

That Mr. Obama might offer some kind of carbon tax as a carrot to environmentalists and climate activists opposed to Keystone has since emerged as more than plausible. Wall Street Journal columnist Kimberley Strassel recently outlined how the president might demand a carbon tax in return for approval of energy projects, including Keystone. Getting a carbon tax through Congress looks tricky. But Ms. Strassel reported that California Senator Barbara Boxer outlined how a carbon tax could be imposed administratively through the Environmental Protection Agency.

Read more from this story HERE.