A group of nearly a dozen multinational corporations is backing a plan from senior Republican statesmen to replace President Obama’s greenhouse-gas regulations with a carbon tax. The coalition of former GOP officials — which includes three former secretaries of the Treasury, James A. Baker, Henry Paulson and George P. Shultz, and calls itself the Climate Leadership...
Major oil, power and consumer products companies are releasing their most specific plans yet for a nationwide tax on carbon dioxide that promises to halve U.S. emissions of the greenhouse gas by 2035. The more detailed blueprint set to be unveiled Wednesday by the Climate Leadership Council calls for a $40 tax to be levied on each ton of carbon dioxide, with the fee...