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Legislature Urges Passage of Energy Innovation and Carbon Dividend Act

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Legislature Urges Passage of Energy Innovation and Carbon Dividend Act

Tuesday, February 5, 2019

The Legislature, by unanimous vote, approved a resolution once again urging the United States Congress to approve the Energy Innovation and Carbon Dividend Act, bill currently pending in the U.S. House of Representatives.  The Legislature endorses a carbon fee and dividend and urges Congress to enact it into law.
The Legislature passed a similar resolution two years ago. 

The Energy Innovation and Carbon Dividend Act would establish a steadily increasing fee on fossil fuels at the point of their entry into the economy.  The act would return all revenues (minus 3% for administration) to each American as a monthly dividend to offset expected higher prices for goods and services. “Such a fee would be straightforward and make effective use of free-market mechanisms to promote the transition to greater conservation and renewable sources of energy,” the resolution states.