Oil Companies Set Fundraising Record in Opposing Washington's Carbon Tax

"The petroleum industry has set a fundraising record in Washington initiative battles, having taken in $25.87 million in its campaign to defeat Initiative 1631, which would impose a carbon fee on emissions from the state's major polluters," reports Joel Connelly.

Supporters of Initiative 1631 have raised less than half as much.

"If I-1631 passes, Washington would be the first state in America to enact a so-called "polluters pay" fee on carbon emissions," according to Connelly.