There’s a full-court press underway to convince President Donald Trump that it would be a good idea to impose a carbon tax on the American people. He’s hearing about it not only from well-connected businessmen such as Elon Musk but also from establishment Republicans. Let’s hope he has the fortitude to resist their exhortations.
Musk’s advocacy is easy to understand. In the same way he has benefited from other government policies in the past, he would be a major beneficiary of actions punishing fossil fuel consumption, through his electric car and solar power businesses. A carbon tax would be just another in a long line of government handouts for his companies.
The Republicans pushing a carbon tax, on the other hand, have different motives. They mean well but are misguided, writes Veronique de Rugy.