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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.