Two-thirds of voters support taking $500bn in climate damages from Big Oil, poll finds

Authored by independent.co.uk and submitted by jayclaw97
image for Two-thirds of voters support taking $500bn in climate damages from Big Oil, poll finds

New polling has revealed that nearly two-thirds of voters would support legislation to take $500bn from fossil fuel corporations to pay damages for their role in causing the climate crisis – currently playing out in deadly wildfires, heatwaves, and more frequent and intense storms.

A national survey of 1,169 likely voters found that 65 per cent support the idea of a “Polluters Pay Climate Fund”, which was introduced last month by Democratic lawmakers.

The bill proposes creating a fund of $500bn over ten years to be funneled into helping communities adapt to climate impacts, research renewable energy and advance environmental justice.

It would see large fossil fuel companies like ExxonMobil, BP, Shell, and Chevron, and other major polluters, pay annually in the region of $5-$6bn, in line with their historic carbon emissions.

Some 32 per cent of likely voters would “strongly support” a bill for such legislation, and 33 per cent were “somewhat” supportive, the survey found.

By party affiliation, it broke down to 83 per cent of Democratic voters, 65 per cent of Independents, and 43 per cent of Republicans.

A total of 43 per cent said fossil fuel companies should take “a lot” of responsibility to address climate crisis. A further 34 per cent of voters said they should have some responsibility.

The poll also asked whether low-income communities and communities of color – who have historically born the brunt of environmental pollution – should be compensated by the fossil fuel industry so they can create more healthy and sustainable communities.

Some 61 per cent of respondents responded that it was either very important or somewhat important.

The survey, conducted by progressive think-tank Data for Progress and coalition Make Polluters Pay, took place from 16 to 19 July and was weighted for demographic representation.

“Every year climate polluters kill hundreds of thousands of people in the United States and over nine million people worldwide. Polluters must pay for all the pain and suffering they cause our communities,” Kaniela Ing, climate justice campaign director with People’s Action, told The Independent in a statement.

“Every Democrat, Republican, and Independent learned at some point that ‘if you make a mess, you clean it up.’ This idea is neither controversial nor partisan. It deserves widespread support among members of Congress, especially as members obsess over finding more ‘pay-fors’ to fund the Bipartisan Infrastructure Framework and the American Jobs Plan.”

The “Make Polluters Pay” bill was announced by Democratic Senator Chris Van Hollen of Maryland, and supported by progressive lawmakers like Independent Senator Bernie Sanders of Vermont, Senators Edward J Markey and Elizabeth Warren of Massachusetts, and Sheldon Whitehouse of Rhode Island.

“At a time of unprecedented heatwaves, drought, flooding, extreme weather disturbances and the acidification of the oceans, now is the time for Congress to make certain that the planet we leave our children and future generations is healthy and habitable,” Senator Sanders said in a statement.

“For decades, the fossil fuel industry knowingly destroyed our planet to pad their short-term profits. We must stand up to the greed of the fossil fuel industry, make fossil fuel corporations pay for the irreparable damage they have done to our communities and our planet, transform our energy system and lead the world in combating climate change. That is exactly what this legislation will do.”

The draft bill directs the US Treasury Department and the Environmental Protection Agency to assess fees based on the emissions that companies have emitted over the last two decades.

A 2019 peer-reviewed study by the Union of Concerned Scientists found that since the Industrial Revolution, emissions from 88 of the largest fossil fuel producers’ and cement manufacturers’ products contributed about 52 per cent of global temperature rise.

In an authoritative report last week from the UN’s Intergovernmental Panel on Climate Change (IPCC), scientists said that the climate crisis is widespread, rapid and intensifying – and no region on Earth will escape the changes that are taking place across whole climate systems.

It is also “unequivocal” that human influence, largely from the burning of fossil fuels, is heating the atmosphere, ocean and land, the report found.

ILikeNeurons on August 20th, 2021 at 13:38 UTC »

The U.S. now has a historic opportunity to pass carbon pricing without a filibuster obstruction.

If you're an American who cares about the future of our planet, take 3 minutes to call your Rep and ask them to include a strong carbon tax in the budget reconciliation package to meaningfully address climate change, even if they already support it; even if they won't support it.

Taxing carbon is widely considered to be the single most impactful climate mitigation policy. The consensus among scientists and economists on carbon taxes to mitigate climate change is similar to the consensus among climatologists that human activity is responsible for global warming. The IPCC (AR5, WGIII) Summary for Policymakers states with "high confidence" that tax-based policies are effective at decoupling GHG emissions from GDP (see p. 28). Ch. 15 has a more complete discussion. The U.S. National Academy of Sciences, one of the most respected scientific bodies in the world, has also called for a carbon tax. According to IMF research, most of the $5.2 trillion in subsidies for fossil fuels come from not taxing carbon as we should. There is general agreement among economists on carbon taxes whether you consider economists with expertise in climate economics, economists with expertise in resource economics, or economists from all sectors. It is literally Econ 101. The idea won a Nobel Prize. Thanks to researchers at MIT, you can see for yourself how it compares with other mitigation policies here.

Taxing carbon is in each nation's own best interest regardless of what other countries do (it saves lives at home) and many nations have already started.

Taxing carbon is also increasingly popular. Just seven years ago, only 30% of the public supported a carbon tax. Three years ago, it was over half (53%). Now, it's an overwhelming majority (73%) to varying degrees in every state, (especially among Democrats) – and that does actually matter for passing a bill.

Once you've called or written your rep, ask three or more friends to join you by sharing cclusa.org/house. Bonus points if those friends are in any of these states.

buttergun on August 20th, 2021 at 13:23 UTC »

$500 billion for causing trillions of dollars of damage and a goddamn extinction event? Seems pretty light.

bakulu-baka on August 20th, 2021 at 12:58 UTC »

The other third would double it.

I wouldn’t set an amount. Just make them fix it, whatever the cost.

Then figure out compensation.