Congressional Democrats have drafted legislation that would tax major polluters to compensate for the impacts of catastrophic climate change. The Polluters Pay Climate Fund Act would raise $500 billion over a decade by taxing companies like Chevron, Shell and ExxonMobil based on the percentage of their global emissions. The fund would help pay for green energy research and to help communities adapt to a warming planet.
Democratic Bill Would Tax Big Polluters $500 Billion to Pay for Climate Damage
HeadlineAug 06, 2021