Climate Changed
Exelon, First Solar Bankroll Campaign to Push for a U.S. Carbon Tax
- New political group aims to promote tax-and-dividend plan
- Effort enlists political strategists from Lott to Lockhart
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Major energy companies, including the largest U.S. nuclear power generator, are putting millions of dollars into a new political campaign to push for a tax on carbon dioxide emissions -- a measure President Donald Trump has said he opposes.
Exelon Corp., is giving $1 million toward the cause, joining renewable power manufacturer First Solar Inc. and the American Wind Energy Association in helping underwrite the nonprofit organization. Some companies that back the underlying plan, including Exxon Mobil Corp., are considering donating to the new effort, according to people familiar with the campaign who asked not to be named to discuss fundraising efforts.