Thanks for the correction. The point remains that fossil fuel companies knew about the harms and continued anyways. BP fought against climate legislation in my state (USA) during our mid term election.https://twitter.com/emahlee/status/1162666818038722560 …
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Replying to @emahlee @bek_ireland and
Worth digging deeper than headline. I understand BP lobbied against ineffectual elements of the state’s carbon tax. It excluded the 6 main carbon emitters & also had a carbon price too low to drive the needed change. Correct carbon taxation is good!
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Replying to @cuillin_glen @bek_ireland and
I personally worked on 1631 so it is much deeper than the headline for me. It was a revolutionary piece of legislation even with its shortfalls. When asked if BP would oppose legislation if it included the emitters and more taxation, they were speechless. No answer.
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Replying to @emahlee @bek_ireland and
Agree it was a positive effort and well done on contributing to it but the whole set up on levels of carbon taxation needs equivalence otherwise it simply risks cross border leakage. Unilateral approaches run the risk of virtue signalling
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Replying to @cuillin_glen @bek_ireland and
I don't understand what you mean... what needs equivalence? What is cross border leakage?
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Replying to @emahlee @bek_ireland and
Equivalent global pricing. Without that countries or individuals can simply secure cheaper energy by going to a place with zero or minimal tax.
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Replying to @cuillin_glen @bek_ireland and
Ah, well Washington doesn't have an income tax, yet we aren't over flooded with people from other states. I also remember reading a study about a tax in NY for the wealthy. Showed they wouldn't up and leave NY because other things tied them to home/place other than $$.
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Replying to @emahlee @bek_ireland and
Worth reading the commentary on taxation from BP - it’s quite informative. It’s absolutely the way to drive a change in consumption. https://www.bp.com/en/global/corporate/sustainability/climate-change/our-role-in-advancing-the-energy-transition/carbon-pricing.html …
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Replying to @cuillin_glen @bek_ireland and
Tobacco companies: we oppose this regulation because it would hurt the economy and people's health! Smoking is actually good. Our way of regulating ourselves is the only way that will work. Just trust us. Oh, and here's a straw man and red herring. This is comical nonsense:pic.twitter.com/2MYNP4XGQS
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Replying to @emahlee @bek_ireland and
I have often thought that tobacco was a useful analogue with carbon emissions. In this case I think BP have a point. What was the logic in excluding Boeing, Alcoa - I suspect that is a good example of xborder leakage. Tho even more amazing to me was not including Centralia.
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The current state of the world that BP played an active role in distorting, "perfect" climate legislation isn't possible. Imperfect compromises had to be made. Overall, this legislation would have been incredibly effective, (which is why BP fought us so hard).
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Replying to @emahlee @cuillin_glen and
Consider: who wanted this policy to work? A coalition of over 400 orgs and businesses who endorsed it - the broadest coalition the state had ever seen, or the very tiny number of fossil fuel companies trying to derail it?
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