Sen. Whitehouse to Push Carbon Price Bill

by Laura Barron-Lopez (The Hill) Sen. Sheldon Whitehouse (D-R.I.) is preparing legislation that will put a price on carbon and he plans to introduce it next month. Whitehouse announced the legislation during a conference at New York University on Tuesday, claiming it would “generate significant new federal revenue.”
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Whitehouse argued that like the 97 percent in the scientific community who back the science behind climate change, a majority of economists back a carbon fee on industrial sources of pollution.
“What does not receive as much attention is that there’s even greater consensus amongst economists, starting from Milton Friedman and moving into the most left-wing economists that you could find, that the obvious correct public policy solution to this is to put a price on carbon,” he said. READ MORE