Oil Refinery in the United States
Refinery (ALL RIGHTS GRANTED TO TNC) Oil Refinery in the United States. Photo credit: © Mark Godfrey © Mark Godfrey

Newsroom

Statement Regarding the Energy Innovation and Carbon Dividend Act

Arlington, Va.

Today U.S. Rep. Ted Deutch, D-Fla., along with Reps. Brian Fitzpatrick, R-Pa., Francis Rooney, R-Fla., Charlie Crist, D-Fla., and John Delaney, D-Md., all members of the House Climate Solutions Caucus, introduced the Energy Innovation and Carbon Dividend Act. The bill establishes a $15 per ton fee on carbon emissions that escalates by $10 per ton per year. The revenues generated from the fee will be directed to a fund that distributes the proceeds to the American public in a monthly dividend payment. 

 

“It’s clear that we must address the substantial and growing threats posed by climate change,” said Lynn Scarlett, Head of External Affairs at The Nature Conservancy. “A bill like this, which makes a firm commitment to placing a price on pollution and reducing the emissions that threaten our communities, our health and our planet, is a necessary component of any effective plan to address climate change. We’re pleased to see a bipartisan group of members of the House Climate Solutions Caucus continue to press this issue on Capitol Hill.”

 

“We’re looking forward to working with various stakeholders and members of Congress on both sides of the aisle as the conversation continues on this bill and other measures to address climate change,” said Scarlett. “We need durable, bipartisan action on climate change.” 

The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 72 countries, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.