When multibillionaire industrialist Charles Koch perceives a potential threat to his fossil fuel empire, he doesn’t mess around. Koch wants to kill a federal income tax credit of up to $7,500 for electric vehicle (EV) buyers for the first 200,000 EVs each automaker sells. Although EVs make up less than 2 percent of total vehicle sales nationally, 123,000 of them were snapped up in the first six months of this year, more than twice the amount sold in all of 2015, and more carmakers are expected to introduce new EV models over the next few months. Alarm bells are going off at Koch Industries headquarters. Read more >
Elliott's Latest Posts
November 14, 2018 9:01 AM EDT
The steady parade of unqualified, ideologically driven appointees for key Trump administration positions has resumed now that things in Washington have settled down after the mid-term elections. Last week, Trump tapped Matthew G. Whitaker to replace Attorney General Jeff Sessions. This Thursday, the Senate will hold a hearing to confirm attorney Bernard McNamee to fill a vacancy at the five-member, presidentially appointed Federal Energy Regulatory Commission (FERC), a relatively obscure—but critically important—independent agency that oversees interstate power lines and pipelines.
November 2, 2018 12:55 PM EDT
August 31, 2018 12:42 PM EDT
A decade after pledging to end its support for climate science deniers, ExxonMobil gave $1.5 million last year to 11 think tanks and lobby groups that reject established climate science and openly oppose the oil and gas giant’s professed climate policy preferences, according to the company’s annual charitable giving report released this week.
July 31, 2018 9:15 AM EDT
ExxonMobil executives just had another opportunity to convince skeptics that their support for a carbon tax is genuine. Yes, the company has consistently paid lip service to a carbon tax since 2009. And yes, it is a founding member of the Climate Leadership Council—which supports a $40 per ton carbon tax—and it recently endorsed Americans for Carbon Dividends, a new bipartisan lobby group promoting a carbon tax that would return revenues to taxpayers. But more telling is the fact that the oil giant has never publicly supported a carbon tax bill and consistently funds members of Congress who oppose a carbon tax. How does that square with the company’s avowed position? It doesn’t. Read more >