At some point you have to wonder which is more costly: the new tax or opposing the 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.
FULL STORY: Oil industry anti I-1631 campaign hits $25.87 million, a spending record
What's Next After Carbon Pricing Initiative Fails Twice?
Carbon pricing proponents in the U.S. saw their second defeat in two years in the same state when Washington voters soundly defeated I-1631, a carbon fee that would fund emission reductions. Unlike I-732 in 2016, environmentalists were unified.
IPCC Report Sways Microsoft to Endorse Carbon Fee Initiative on Washington Ballot
A dire report on climate change issued by a United Nations panel influenced Washington-based Microsoft to take a position on a controversial state carbon fee, Initiative 1631. Oil companies are fighting back, citing wide exemptions from the fee.
Washington Voters to Decide on Carbon Tax in November
Initiative 1631 takes up where Gov. Jay Inslee's carbon tax legislation ended in March after failing to attract enough supporters. The new initiative differs from I- 732 which was rejected by 59 percent of voters two years ago.
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