1. What action has Exxon taken to promote a carbon tax?
-Exxon has endorsed the Climate Leadership Council’s carbon tax proposal and has lobbied $1 million for it
-Exxon has endorsed the Climate Leadership Council’s carbon tax proposal and has lobbied $1 million for it
2. How does this article define a carbon tax?
-a carbon tax is a tax on carbon emissions measured per ton
-a carbon tax is a tax on carbon emissions measured per ton
3. What would be the predicted impact of a $50 per ton carbon tax?
-it would lower emissions to 2005 levels by 2050
-it would lower emissions to 2005 levels by 2050
4. How expensive would the tax need to be to reduce emissions by 80%?
-$100/ton by 2050
-$100/ton by 2050
5. Which industry would be most impacted by the implementation of a carbon tax?
-the coal industry would suffer the most
-the coal industry would suffer the most
6. How would the carbon tax impact the transportation industry?
-very little; only a 2% overall cost increase would affect the transportstion industry
-very little; only a 2% overall cost increase would affect the transportstion industry
7. Why is the carbon tax likely to be a regressive tax?
-people of lower incomes have to pay a larger percentage of their total income
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