Deutch, Peters, Crist Applaud API's Support for Carbon Fee Policy
U.S. Representatives Ted Deutch (FL-22), Scott Peters (CA-52), and Charlie Crist (FL-13) issued this joint statement in response to the American Petroleum Institute's announced support for a carbon fee policy:
“We are encouraged by the growing support for carbon fee policies as effective measures to reduce carbon emissions and address climate change. The American Petroleum Institute is joining more and more of the private sector in putting their support behind a price on carbon to combat the worsening impacts of climate change. It is past time that Congress take aggressive action against climate change, including with a nationwide price on carbon that will dramatically reduce harmful greenhouse gas emissions and transition our nation toward a clean, renewable energy economy."
Reps. Deutch, Peters, and Crist are the sponsors of the Energy Innovation and Carbon Dividend Act, legislation to put a price on carbon and return 100% of the net revenue as a rebate to American families. The bill will help reduce U.S. carbon pollution by up to 45% by 2030, with over 90% reduction target by 2050 (vs. 2016 levels). This would be achieved by pricing carbon at $15 per metric ton of CO2e and increasing the price by $10 every year.
On Tuesday, Rep. Deutch testified before the House Ways and Means Committee and encouraged the Members to consider his carbon fee policy as an effective plan to reduce carbon emissions and drive the transition to clean energy alternatives.