Carbon Tax Coming?

Carbon Tax COming?

A new report released Tuesday by the Congressional Research Service (CRS) shows that a carbon tax of $20 per ton which rises 5.6% annually could halve the projected 10-year deficit—from $2.3 billion to $1.2 billion. In the first year alone, the CRS estimates the tax could generate $90 billion. However, there is a catch: it is possible the generated revenue would not go entirely toward debt reduction, and instead go back into the industry in one way or another. Groups of people who disproportionately bear the carbon price might have revenue “recycled”; some revenue may be offset by lowering the payroll… read more

Future For The Great Lakes

Future For The Great Lakes

Last week, the United States and Canada agreed upon and signed the newly amended Great Lakes Agreement, which was last amended in 1987. The goal of the Great Lakes Agreement is to “restore and maintain the chemical, physical, and biological integrity of the waters,” with new provisions aiming to make it easier for the United States and Canada to take direct action on threats to Great Lake water quality, and to anticipate and prevent ecological harm. Interestingly enough, the governments consulted stockholders and independent groups which have vested interests in the Great Lakes regarding the amendments, which has resulted in… read more